European Future Group invests EUR 50 million in Nord East Logistic Park

The project is owned by the Austrian investment fund Immoeast. This will be the only such space available for immediate rental in Bucharest, according to Marius Adam, representative of the industrial department at Regatta, the real estate broker of the logistic park. According to the agency, due to the increasing number of industrial companies operating around Bucharest, most of the logistic parks have already rented all their space and the demand for such spots is increasing. Also, many of the new logistic parks are not yet completed and are predicted to have rentable space on the market no sooner than the end of 2008, the first half of 2009 or even later, Regatta said.
European Future Group, a real estate developer focusing on investment opportunities in the Black Sea region, has offices in Vienna, Bucharest, Chisinau, Kiev and Istanbul. On the targeted markets, the company has invested so far over EUR 250 million and is developing projects totaling over 400,000 sqm of space for office, commercial and residential developments.
Immoeast fund, part of the Austrian financial group Immofinanz, owns properties reaching EUR 11 billion in value.
Magda Purice