Sofia, 25 July 2006, Sega Newspaper
Deutsche Bank steps on the real estate market in the country with the joint venture with the Bulgarian company Winslow Developments, the bank announced yesterday.
The joint venture company will be 88% owned by an investment fund managed by RREEF - the real estate and infrastructure investment management arm of Deutsche Asset Management, the global investment management business of Deutsche Bank. Initially the activity of the joint venture will be focused on the residential construction in Sofia.