Global Finance to invest in real estate

Greek capital investment company Global Finance plans to allocate up to 150 million euros for development and the completion of real estate projects in Romania, Bulgaria, Serbia and Montenegro. The placements will be made through the Global Property Fund, which has a capitalisation of 70-100 million euros. The funding for the projects could be upped to 150 million euros. The funds will mainly be used for the development of new projects, though acquisitions have not been ruled out. Global Finance manages projects worth more than 400 million euros in Greece, Bulgaria and Romania. Mediafax