U.K. Willbrook Management To Invest EUR900M In Real Estate Proj N. Bucharest

The real estate project, which will be located in Bucharest’s district Pipera, will include some 200 apartments, a business center, a hotel and an exhibition center, Voicu said.

Willbrook Management’s partners in the project are two British private equity funds and U.S. investment fund Miller Global.

Voicu said Willbrook Management will invest another EUR100 million in a real estate project in Timisoara city, western Romania.  

The property developer also plans to build a wind park and an ecologic farm in Dobrogea region, southern Romania.

Further details on the company’s real estate projects will be released in the upcoming period, Voicu said.

Willbrook Management’s ongoing realty projects in Romania involve total investments of some EUR2 billion over the next couple of years.

The company invested EUR40 million in its first project on the Bulgarian market, in the city of Varna. The real estate complex will include 144 luxury apartments.

 

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