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Greeks plan entrance to the Ukrainian property

Greek investing company Eurobank Properties specializing on the property market is close to the agreement about property purchasing in Romania for the sum about 40 mln of Euro (54.7 mln USD) and is planning spreading of operation on Balkans and in the Eastern Europe, including Ukraine.

Company Eurobank Properties, subdivision of third large bank in Greece EFG Eurobank, reported that will utilize recent changes in the investment Law of Greece that increased the freedom for activity of Greek companies, which work in the property filed abroad. Greece allowed investment companies specializing in property invest up to 10% of actives into property out of EU through special companies, which possess property or lease it.

''Changes in Law open our hands - says executive director of Eurobank Properties Aristotelis Karitinos'- Currently we are having negotiations about purchasing of office property in Bucharest, and companies of EFG group can become potential renters'.

According to his words the bargain cost finish of which will be at the end of this year will include EUR 32-40mln.

Investing company also reported about buying of office building in Belgrad for about 23 mln EUR. According to Karitinos words the rates of economical growth of the countries of Eastern Europe expand the properties for investing, and Eurobank Properties looks at Romania, Bulgaria, Serbia, Poland and Ukraine as at the potential markets.

While expansion the company will focus on EFG Eurobank that already exists in some countries of Central and Eastern Europe. In March EFG Eurobank finished purchasing of the Ukrainian bank 'Universalniy'.



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