Israeli investor buys 270 houses in bankrupt project near Bucharest

Hoshen Holding, owned by Israeli investor Isaac Cohen-Hoshen, one of the co-founders of real estate developer Adama, bought 272 houses in the Green City residential project, South of Bucharest, local reported.

The project, developed by Romanian investor Dumitru Bucsaru in the 1 Decembrie village, went bankrupt. Judicial liquidator Euro Insol sold the remaining houses in a public tender.

Hoshen Holding paid some EUR 7.92 million for the 272 houses. The villas have four rooms and a usable area of 118 sqm.

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