Anglo-serviette relations

Seven years ago, uk businessman Michael Lloyd chose Romania as a business destination. Since then he, along with a few Romanian partners, has launched a giant real estate project in Băneasa. THE Strategy manager of Băneasa Investments drew up the IDEA on a restaurant napkin. NOW IT IS A DEVELOPMENT valued at EUR 3.5 blnMatei Roman, ‘Eurobuild CEE’: Michael, you are always smiling. How happy are you with your project and the profits it’s generating? Michael Lloyd, strategy manager Băneasa Investments: It’s a little early to talk of profits, Băneasa will develop in time. We have five to ten years and we are not under any pressure. We are developing a scheme which has been unknown in Romania until now. We have estimated the value of the project at completion to be around EUR 3.5 bln with the investment close to EUR 1.8 bln. So we are hoping to make lots of money from it. MR: Such a huge project must require a close relationship with the local a