ING Real Estate Development (ING RED), the real estate branch of the ING group, was planning to start a large-scale real estate project in the centre of Bucharest, Investor.bg said.

The new project was said to be similar to the Zlote Tarasy project in Warsaw and to include office spaces and a mall, Romanian daily Ziarul Financiar said.

"We found an appropriate plot in Bucharest on which we can build. The situation is quite complicated, however, as it involves several owners, but we intend to pursue this project," ING RED managing director in Romania, Siep Hoeksma, was quoted as saying.

For the entire article, please visit propertywisebulgaria.com