Pro Comfort plans real estate investments worth EUR 70 million
16 January 2009
Pro Comfort group has planned real estate investments of EUR 60 million-EUR 70 million this year, at the same level from last year, while it eyes acquisitions of developers affected by the crisis, the company said. However, the company has frozen new projects.
''It is unlikely that we launch a new project this year, but we are working on the projects that we started, and are continuing with the sale of the 1,000 apartments in our portfolio,'' Pro Comfort owner, Ionut Negoita, said.
Although the group sold only four apartments in the past two-three months, for which pre-contracts were already signed, Negoita plans to sell at least 400-500 apartments this year.
''As of February, we will launch a residential leasing system, to allow our clients to pay off apartments through monthly fees for 10 years,'' he said.
Pro Comfort posted EUR 60 million in turnover in 2008, of which the residential business made up 60% and the remainder comes from the hotel business.
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