Nanette to build EU98m. project in Romania

Dutch real estate company Nanette has signed an agreement to purchase a 90,000 sqm. plot in Bucharest on which it plans to construct a 900-unit residential building.

The Dutch real estate company Nanette, a partner of the Israeli real estate company Levinstein Group, has signed an agreement to purchase a 90,000 square meter plot in the Romanian city of Bucharest on which it plans to construct a 900-unit residential building. The company, a residential public development group operating in Poland, Hungary, Romania and Croatia, will invest approximately €98 million in the project, and expects to earn €130m.