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Austrians have dominated the Romanian real estate market in recent years
Amid acquisitions worth above 400 million euros so far and planned projects of around 500 million euros, Austrian investments made on the domestic real estate market could reach one billion euros soon. The first big transactions were sealed in 2003, when two Austrian investment funds, CA Immo and Europolis, purchased the most important office buildings at that time, Opera Center and Europe House. Since then, Austrian investment funds have been involved on all the segments of the real estate market.
Opera Center, one of the first business centres in Bucharest, was sold for some 26 million euros by CA Immo in the first half of 2003.
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