Finnish investment fund puts EUR 25 million in Bragadiru project

Developer BDY Capital Invest, part of Finnish investment fund Ahlstom Capital, is set to invest EUR 25 million in a residential project with over 400 apartments in Bragadiru.

The project, called Scandinavia Residence, is part of WRP West Residential Park, which also includes the Fortuna Residence complex.

The land acquired in Romania a year ago was extended by 5,000 sqm, and architectural planning for the apartment buildings has started, shows the fund’s annual report. The first two buildings are set to be finished in the fall of 2010, according to the same source.