The company did not mention the amounts assigned to the investments or the period of time until their completion.
The five projects are Sanandrei Industrial Park, Swiss Park Giarmata, Swiss Village Giarmata, Timisoara Airport Industrial Park and Dudestii Noi Industrial Park.
The largest project will be developed in Giarmata Mare – Swiss Park, where the company owns 103 hectares of land near Timisoara – Arad highway.
Timisoara Airport Industrial Park has a total area of 8 hectares, while, on the residential segment, the company plans to build several hundred houses.
According to CEO Michael Soormann, the company chose the western part of the country due to its growth potential.
Artemis Group includes Franke Group, Artemis Real Estate Group, Artemis Asset Management Group and Feintool Group. The group employs 11,400 people worldwide and reported consolidated sales of CHF2.6 billion (over EUR2 billion) in 2013.