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Cyprus group will invest 75 million euros in real estate market in Romania
Mentor Group Holdings (Cyprus), by means of the real estate division Mentor Group Investments wants to invest 75 million euros in Romania this year, for the development of real estate projects and for crediting solutions for potential clients.
The company intends to gradually increase the portfolio of the Romanian market.
“The Romanian real estate market has always been considered full of potential. Unfortunately, in the last 5 years the unstable financial situation led us to CIS states and the neighbouring ones. However, we have identified a positive tendency both in point of profit and the growing needs of local companies for commercial real estate development. This led us to the development of a product which offers a special financing and credit structure with a specific return process until the client receives the goods,” said Alon Peled, the president of the group.
Mentor Gorup Investments will concentrate on profitable goods, goods in difficulty and new investments focused on the concept built to suit-rent to buy, specially developed for the retail real estate market in Romania.
“Mentor Group intends to collaborate in the concept built to suit with companies and NGOs with stable income which can back a long term investment in their activity. Rent payments can become mortgage until the building becomes the client’s property. The building is erected according to the client’s needs. The development is fully financed by Mentor Investment Group with credit packages specially created for each client,”the company mentions in a press release.
Mentor Group Investment is a real estate, management and development company, a subsidiary of Mentor Group Holdings with investments in fields like infrastructure, energy, waste management, recycling and others.