Heberger: Crisis will stabilise construction prices

Heberger Constructii, the Romanian subsidiary of German constructions group Heberger, will put off the planned 10 million-euro investment in developing its first industrial project and focus instead on building smaller projects, after being involved in projects with an average value of 30-50 million euros. German-based Heberger is the company behind office project Bucharest Business Park, located near Casa Presei Libere (The House of Free Press) in Bucharest and logistic project Bucharest West near Bucharest – Pitesti motorway, being one of the most dynamic construction companies on the Romanian market. “The real estate crisis will definitely affect the constructions market in 2009, but will also stabilise the construction industry. Construction companies will be able to solve their personnel shortage problems, and producers of construction materials will no longer work at full capacity. Additionally, construction prices will stabilise,” Claus Kegel, general manager of Heberger Constructii, told ZF.