Greek Titan Group may put 200 mln euro into Lovech plant

Greek cement maker Titan Group is mulling over pouring up to 200 mln euro into boosting production capacities in the northern town of Lovech, said economy minister Petar Dimitrov quoted by Focus news agency. The holding company has so far invested 51 mln euro in production operations in Bulgaria. It has units near Sofia, Zlatna Panega and Plovdiv. The company unveiled on September 13 a new production line at the Zlatna Panega factory wrapping up the first phase of its investment strategy. Titan Group is ready to build another production line provided that the future national development plan recognises the sector’s economic and industrial growth, said executive director Alexander Chakmakov. The new facility will increase to 1.2 mln tonnes the production capacity for clinker, the key cement raw material. Source: http://news.dnevnik.bg/

US investors put USD 615 M in European real estate fund

Dublin-based Quinlan Private, international private equity and real estate group, has raised USD 615 million of equity capital from US investors to invest in properties across Europe."There's a strong degree of interest among US investors in European properties, and the fund has been able to capitalize on that" a spokesman for Quinlan Private told Commercial Property News (CPN), adding that the fund is now oversubscribed.The Quinlan Private European Strategic Real Estate Fund is to invest in real estate assets in Western Europe, as well as parts of Central and Eastern Europe.The fund has so far invested in retail developments in Bulgaria and Slovakia and office properties in the Netherlands, the UK and Germany.