Irish and Romanian venture want to invest 800 million Euro in different projects in the romanian capital

BUCHAREST RI investment Group will allocate 800 million Euro coming from Romanian and Irish funds for three real estate projects in Bucharest, according to a local newspaper. In partnership with Irish investment fund in eastern Europe, Caelum Development, the company will develop a mixed use project in Titan, east Bucharest, that will include a 140,000 sqm commercial center and a leisure area and two blocks of flats of 1,200 apartments. The project will require investments of 450 million Euro plus another 52 million Euro for the 82,200 sqm land. In November another project will deliver a four star hotel of 24 floors and a 14 floor block of flats delivering 1,240 apartments. The compound will be developed on Splaiul Independentei near Sema Park and will require 250 million Euro. Another project is an investment of 120 million Euro for a residential compound of 848 apartments on Basarabia Boulevard in eastern Bucharest.