Teodor Pop leaves RED for Lux Perennial Private Equity Partners

Property professional Teodor Pop has left real estate developer RED, where he has worked as managing partner for the last four and a half years, to take up the same position at Lux Perennial Private Equity Partners, Business Review has learned.

Lux Perennial is a new venture created in 2010 with Romanian shareholders.

The company invests in real estate, with two residential projects in Bucharest, a 2,000-home satellite town and a 250-apartment project in the south-west of the capital. Outside residential, the firm is an investor in logistics, with a minority participation in a fast moving consumer goods distribution company. It is also a minority shareholder in an industrial construction materials firm and a majority shareholder in a hospital.

Prior to working for RED, Pop was country manager of Coty Beauty in Romania and has worked as sales representatives for 3M, also in Romania.

Corina Saceanu

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