Senator Ovidiu Jitaru expands his real estate investments in Bucharest

New PNL senator Ovidiu Jitaru is expanding his real estate investments in Bucharest, together with The Corner group, by acquiring the former headquarters of the German group Henkel, in the Floreasca neighborhood. The old headquarters is to be demolished and transformed into a block of flats.

Ovidiu Jitaru founded the company Elsaco in 1994, together with Valeriu Iftime, Petru Parfenov and Doru Popa, and now owns 20% of the group and is the vice-president of the board of directors of Elsaco.

His first real estate deal in Bucharest was carried out in association with the Urban Housing group, developer of the real estate brand The Corner. Together they invested approximately EUR 2.5 million in the restoration of the Popp-Bunescu House, on Calea Moșilor, which was completed last year, and the project was named The Corner Armenească.

Source: Profit.ro