Investing company Encore Capital Trust (ECT) attracted over RON 25 million (approximately EUR 5.1 million) of capital in the first six months of activity, also making 170 acquisitions, with an average annualized return of over 20 percent.
The capital was attracted from 27 entrepreneurs and successful managers from the local business environment, such as are Dan Sucu (founder of Mobexpert), Marius Hanganu (co-founder of Tremend Software), Iosif Szavus (founder Ines Group), Silviana Belciu (founder of BDG Import and Loft) or Cristian Becheanu (founder Arta pharmacies).
The company placed so far approximately half of the attracted funds in the pre-contracting of 170 real estate assets. Most of them consists of apartments and parking lots located in nine residential projects, the average investment ticked being of approximately EUR 290.000.
ECT’s investment policy is focused on six lines of business, the main ones being the acquisition of residential units in projects in early development stages, at a preferential price, mezzanine investments, which involve capital participation in the development of a project and the capitalization of the completed product, the acquisition of real estate assets to obtain a monthly return and iBuyer acquisitions on the secondary residential market. The company aims to reach an investment portfolio of tens of millions of Euros on medium term, invested on all real estate segments.
