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. Last Updated: 07/27/2016

ECM Seeks to Boost Portfolio Value

PRAGUE -- ECM Real Estate Investments said Aug. 14 that it was seeking to expand across Central and Eastern Europe and boost the value of its portfolio by $1.10 billion through the year-end.

"We see the gross development value of our tangible project pipeline increasing by approximately 800 million euros by year-end 2007," ECM chairman Milan Janku said. "We believe these are realistic and extremely encouraging figures."

Besides the Czech Republic and Russia where it is already present, the Prague-based real estate developer singled out Poland, Romania and Ukraine as the most promising markets. It said it was also considering entering China as an investor.

ECM had 17 development and three investment projects with a total floor space of 300,000 square meters in its portfolio at end the end of March.