Adama was entirely acquired by Austrian group Immofinanz in November 2011 and operates in Romania, Moldova, Ukraine and Turkey.
Adama has so far built over 1,500 apartments and tens of thousands of square meters of retail spaces and office buildings within several real estate projects developed in Bucharest, Ploiesti, Bacau, Brasov, Iasi and Cluj. The number of units sold by Adama exceeds 1,000.
Immofinanz Group, one of the most active realty investors in Romania, has a portfolio of 88 properties estimated at over EUR1 billion, which mainly comprises retail spaces and office buildings.