RED: 750m-euro total projects

Real estate development company RED Project Management (RED) has programmes worth approximately 450 million euros in progress with different partners, with the cumulated value of the companyes projects to potentially reach 750 million euros in the next few years. RED shareholders include investment funds GED Capital and Warburg Pincus, the latter having in their portfolio investments of over 24 billion dollars in 550 companies worldwide. RED will focus its investments in two main directions: building a network of smalls-sized shopping centres and strengthening its positions in cities like Constanta, Baia Mare or Arad. “We want to build a network of shopping centres covering some 4,000 – 5,000 square metres in small towns like Slobozia, Slatina or Husi, where there arenet any currently offered (…),” Andrew Stear, the companyes manager told ZF.