My Romania > Huge investor in Romanian property freezes and cancels projects ...

[Opalesque Real Estate Briefing] From Propertysecrets.net: The giant Austrian investment fund Immoeast has announced it will shelve or cancel 54 real estate projects in Romania worth €2.4 billion, Act media the Romanian news agency reports.

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[Overseas property and real estate news] Poor outlook for Romania across all property sectors | Europe | News: Last month Austrian investment fund Immoeast, one of the largest investors on the Romanian real estate market, postponed or cancelled 54 projects in Romania, with a total market value of EUR2.4 billion.

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