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PS FDI Monitor April 2008
15th April 2008
By Noreen Lucey, Property Investment Analyst, Property Secrets
This month's comprehensive round up of Foreign Direct Investment (FDI) into CEE from our Research & Analysis team. We can't cover everything, so if there's a deal we missed, let us know at investments@propertysecrets.net .
Romania
A Ferrari showroom will open this May in Otopeni, Bucharest, representatives of car importer Forza Rossa, a Ferrari partner in Romania has stated.
Dawnay Day, the British investment and financial services group, has started the construction of the Atrium Center in Arad county due to complete in 2009. The total investment will reach 72 million Euro.
UK department store chain Marks and Spencer Group plans to open 50 new stores in the Balkans, following its 50 million Euro purchase of 50 per cent in its regional franchise partner, Greek-based Marinopoulos, which operates six Marks & Spencer stores in Romania. Marinopoulos also has the franchise rights for Starbucks and Sephora in Romania.
Steel giant ArcelorMittal will invest 1.5 billion Euro in ArcelorMittal Galati to help increase its local production by 50 per cent. The Galati-based factory intends to sell its steel on the western European market and in the next five years plans to increase annual production from 4.7 million tonnes to seven million tonnes.
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