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Big factories in Bucharest, possible real estate deal of 2,3 bn euros

The big factories in Bucharest, many of them in collapse after 1989, have become a possible real estate business, since the market value of their plots of land is some 2,3 billion euros, according to the information available on the market.The colossuses of the socialist industry, such as Faur, Semanatoarea, IMGB, Policolor or Aversa, have over 215 hectares, according to the real estate consultancy firms Coldwell Banker and Regatta, reads Business Standard. If one takes into account an ...

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Economic

Tuesday, June 12, 2007