AIG/Lincoln: We will evaluate financial risks even more carefully in the future

Representatives of real estate developer AIG/Lincoln, a subsidiary of American group AIG (which was just one step away from bankruptcy) and Lincoln Property, say the company will be affected by the real estate financial crisis to the same degree as other developers. “Our belief is that this is a global financial crisis that will have an impact in Romania, too, on general financing capacities and conditions, and therefore it would also have an impact on AIG/Lincoln Romania. Our existing project (the Lakeview office building on Barbu Vacarescu Street) is fully financed and secured. For future developments, we will certainly evaluate the financial risks even more carefully,” Sven Lemmes, country manager of AIG/Lincoln Romania told ZF. “AIG/Lincoln is an independent partnership between AIG Group and Lincoln Properties. We have grown over the last 10 years (…) and we are present in nine countries, with a good development pipeline and a profitable property management division, managing properties in Hungary, the Czech Republic, Poland and Romania,” Lemmes added.