FUTURE GROUP PLANS SALE OF COMPANY STAKE
Future Group, a major real estate developer on the Romanian market, considers the possibility of selling a stake in the company prior to seeking a listing on the Bucharest stock exchange (the BVB), a company official stated.
“We have been approached by German and British investors interested in acquiring a stake of our company. At this point, it is too early to discuss the percentage taken into consideration for a potential sale, but it might be a nice portion of the company,” Future Group Director Oded Goldstein said.
read more
FUTURE GROUP – MASSIVE INVESTMENTS IN REAL ESTATE DEVELOPMENT
Future Group, one of the most significant players of the real estate market in Romania, will invest more than 90 million euros in a residential project in Galaţi, which will start in June this year.
“The residential complex in the town on the banks of the Danube will be built on land extending on about 16,000 sq.m – of which some 92,100 sq.m is built area – and it will comprise four apartment buildings with a total number of 1,220 flats. The project, in its entirety, will be completed in the second quarter of 2012. It is worth mentioning that this project will develop in four stages,” says Ms Ioana Benedek, Managing Director.
read more