French investment company Flash Consult Invest has said it will build two shopping malls in Romania by 2009 for an investment of EUR 140 mln. Citing a report in local newspaper Ziarul Financiar, the Kempen & Co Property Daily said the malls, of 45,000 m[sup]2[/sup] and 55,000 m2, will be built in the Romanian cities of Craiova and Ploiesti. The company is already building two malls in Romania for about EUR 80 mln.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
