Hagag Development Europe has recently launched an IPO on the Tel Aviv stock exchange covering its projects to be developed in Romania. The IPO’s value is €15 million. The Israeli developer is planning a series of further acquisitions targeting landmark buildings and land plots in Bucharest.
Hagag Development Europe, which is currently working on a residential project in the Pipera district, wants to develop two new luxury apartment projects on Bucharest’s Calea Victoriei, at the site of the OMV Petrom HQ and in place of an old office building.
The company’s management does not rule the possibility of listing Hagag Development Europe on other stock exchanges in Europe and not only, in the future.
