60m EUR worth of investments in residential projects - "ISB" mediates between foreign funds and local investors

According to the information provided by company ISB (Investments Standards Belgrade), foreign investors plan to invest up to 60m EUR in residential projects in 2009.

As ISB explained, foreign funds would like to take part in concrete projects as majority partners.

Within the scope of its activities, company "ISB" mediates between foreign funds and local investors in realization of projects for construction of residential facilities on the territory of city of Belgrade.

Local building companies with references and urbanistically resolved projects can obtain money from this fund if they started construction of 2,000 – 20,000 square meters of housing space or if they own the building lot and building permit or valid proof they they intend to build apartments on that lot.