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Eagles to build new Romania project



Country:  Romania

12 May 2009

Eagle Development, a subsidiary of the Israel Land Development Company (ILDC), has borrowed £20m from Banca Comerciala Româna to finance stage one of the Jackob Park residential development in Bucharest’s Pantelimon district, the firm’s first-ever Romanian project, according to standard.ro.

The company’s decision to build and offer property in Romania will see it construct 250 apartments in the first stage of the scheme, at a cost of £27m.

The development, which will take around eight years to complete, will eventually consist of 1,500 apartments in 12 buildings, at a total cost of £153m.


See Also:   Romania


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