ING eyes Investkredit's Premium Plaza
04 July 2008
ING's real estate division is in talks with Premiumred, the real estate development division of Austrian Investkredit bank, for the purchase of the Premium Plaza office building in Bucharest. The transaction is estimated to exceed EUR 30 million.
''Premium Plaza’s market value is some EUR 30 million and one of the potential buyers is the ING Real estate division. We want to sell the building at a 6% yield,'' said Klaus Gugglberger, member of Investkredit's Board of Directors.