Hercesa, the Spanish real estate group owned by the Cercadillo family, has acquired a 18,000 m[sup]2[/sup] plot in Orhideer in the west part of Bucarest. The company said the site will house a 80,000 m[sup]2[/sup] residential area and announced the construction of 800 homes in the next few years. The price of the acquisition was not disclosed.
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.
