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Bucharest
March 5, 2021
BUSINESS

British companies want to invest in Romanian farmland

U.K. farm management company Velcourt Group said it’s planning to invest in farmland in Romania in a joint venture with Mintridge International, according to Bloomberg, Mediafax quotes.  This investment, managed through a Bucharest-based company, Velcourt SRL, involves many projects valued at EUR 14 M to EUR 20 M each, Velcourt said yesterday. Romanian land prices are among the lowest in Europe, even after year-on-year increases of 20 per cent since 2007, according to the statement.  “We believe Romania offers a compelling case for the three central factors that make land an attractive asset-class: scope for land value growth, the ability to acquire freehold land, and the soil quality for farming the land,” James Townshend, chief executive officer of Ledbury, England-based Velcourt Group, said in an official statement. Investments in Romania will bring yields over 10 pc both from farming operations and through the increase of land prices, Townshend added, quoted by the British daily The Telegraph.

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