The Employers’ Union of Building Owners (Romania) has joined the European Property Federation as a full member with immediate effect, the EPF said in a press statement.

John Frederiksen, EPF President, said: 'At a time of exceptional growth for EPF, we are particularly pleased to now represent the real estate industry in Romania, the seventh largest EU member state, with a property market that is attracting some of our most important companies.'

Liz Peace, Chairman of the EPF Managing Committee, said: 'EUBO and its leadership perfectly represent the dynamism of the new member states. Our collective strength has been enhanced.'

Employers' Union of Building Owners (EUBO or Patronatul Proprietarilor de Cladiri) is the only organization representing the Romanian property industry, including owners of commercial and residential buildings. The property assets held by EUBO members total in excess of EUR 400 mln.

EPF (European Property Federation): represents all aspects of property ownership and investment: residential landlords, housing companies, commercial property investment and development companies, shopping centres and the property interests of the institutional investors (banks, insurance companies, pension funds). Members own and manage property assets valued at EUR 1.1 trn.