My Romania > AIM-listed Fabian Romania to be taken over | Online | Property Week

[Daily news from Property Week] Together with his brother, Patriciu developed the first sites in Romania for large retail chains, including Billa and Minimax. Patriciu is currently developing, together with Immorent, a 1.6m sq ft office and residential project in the north of Bucharest, known as Smart City.

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[Daily news from Property Week] Dawn of the Romanian Empire - Property Week: So far this year, of the 70 or so ”˜tiddlers’, China Central Properties, Summit Germany, Bulgarian Property Developments and Fabian Romania have been taken over, Puma Brandenburg is in the process of being taken over, Rutley European and Spazio Investment have received takeover bids and Delek Global Real Estate and Canton Property Investment have delisted. Several other companies, such as Trikona Trinity, Hirco and Speymill Macau, have come under attack from activist investors and hedge funds.

[Romania Monthly Report on Real Estate Market and Investment Opportunities] Romania Report| Invest in Romania: "Investors looking for real estate markets with prices that are incredibly low will have to concentrate on Romania, after the country has joined, on 1 January 2007, the European Union (UE).After 17 years from the collapse of the Communist regime, the request, on the Romanian real estate market, is in continuing to grow." notes the aforementioned publication.According to the British portal, quoted by NewsIn, investors in real estate and everyone that has a good intuition in business are considering Romania to be an ideal location to buy real estate.

[My Romania] Patriciu poised for Deutsche Land grab - Property Week: He has become the main consolidator of London-listed property this year after buying AIM-listed Fabian Romania, which owns ┚¬138m of Romanian assets, and 73.6% of Rutley European Property's shares.

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