TerraKapital to raise €15 million for investments in romania
Cyprus company, TerraKapital are aiming to achieve returns of over 20% pa by investing in property assets in the Eastern Mediterranean and South-East Europe. Marious St. Joannides, CEO of TerraCapital Management, told the Financial Mirror in Cyprus that the immediate focus is on Romania, where there are several fundament opportunities for good returns.
Bucharest is especially seen to have exceptional growth prospects over the coming years, as a city that is doubling in population with a growing middle class, billions of euros in infrastructure investments from the EU and current property prices in the prime northern suburbs being well within fundamental economic ratios.
source: Financial Mirror (Cyprus) Feb 13-19 2008