Romanian Property Fund

"Cei mai multi vizitatori sunt interesati de apartamentele cu doua camere, deoarece sunt cele care pot oferi strictul necesar unei familii. De asemenea, acestea sunt apartamentele care se incadreaza cel mai bine ca pret in programul Prima Casa", a spus reprezentantul Domus Stil, citat de NewsIn.

Astfel, dezvoltatorii imobiliari prezenti la targ au declarat ca cei mai multi clienti sunt interesati sa achizitioneze locuinte prin programul guvernamental Prima Casa.

"Aproape toti se intereseaza sa achizitioneze prin Prima Casa pentru ca asa isi pot permite, insa sunt clienti, mai putini, care prefera si direct rata la dezvoltator", explica reprezentanul dezvoltatorului Practic Development.

Ursache (photo) added the project had been completed with the selection of a law firm for the writing of the memorandum and submission of the emergency ordinance draft to the Government.

“The role of Residual Stake Fund is to sell these interests and steer the cash flow into the state budget, after which it will be dissolved” said Mircea Ursache.

The fund that will go public at the Bucharest Stock Exchange will have a start-up capital of €30 mln and will comprise AVAS’ minority interests in over 300 companies.

“There is more urgency to securing Government approval of this agreement as victims of the communist expropriation of property still awaits compensation. We are now ready to act and have established operations in Romania to undertake this important assignment”, said David Smart, global head of sovereign funds and supranationals for Franklin Templeton Investments.

Many Romanians feel, he continued, that the selection of Franklin Templeton as the investment manager of Fondul Proprietatea will bring several benefits to Fund stakeholders, which include greater market liquidity, increased research capabilities into, and supervision of the Fund’s portfolio holdings and greater foreign investment in the Romanian market, which in turn should increase tax revenues to the Government while providing greater transparency and opportunity for shareholders.