Fund To Invest 150 Million Euro In Property In Bulgaria, Romania, Serbia

Investment fund SECURE Investment Ltd has announced plans to invest nearly 150 million euro in South Eastern Europe, focusing on Bulgaria, Romania and Serbia.

Forty per cent of the fund is owned by Italian investment company Aedes Investissement. In February 2007 it announced plans to invest in the property market in Central and Eastern Europe, investor.bg reported.

The company's strategy envisions investment in partnership with a construction contractor or other investors in residential development projects.

Aedes’s participation in SECURE Investment is worth 20 million euro and the company expects a 22 per cent return on investment.