Immofinanz has sold two plots of land managed by Adama, a developer part of theImmofinanz group, to Speedwell Real Estate Development. The buyer plans to expand its residential and office development portfolio in the northern part of Bucharest. The purchase price has not been disclosed.
The two plots of land, which cover a total of 50,000 sqm, are located on Jandarmeriei Street.
Other plots of land located in the capital are to be sold later on. In 2017, Immofinanz sold three other plots of land managed by Adama in the Bucharest region.
