Romania is currently witnessing a high level of property development, but many of these new schemes do not match the needs of an investor like ING with a long-term investment prospective, according to Gijs Klomp of ING Real Estate. Commenting on the official opening of ING RE's office in Bucharest last April, Klomp said the company had been on the ground in Romania identifying opportunities from November 2006.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
