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| CREDO Real Estate AG: |
Property developer CREDO is currently involved in 33 development projects in six countries (Germany, Poland, Czech Republic, Hungary, Slovakia and Latvia) with a total volume of around EUR 400 m. CREDO is active across all sectors, the current focus is on the retail and housing sectors. CREDO is primarily active in Central and Eastern Europe under the name IRES. A further important business area is real estate asset management for Irish and Dutch funds. In total, the company employs 29 staff members, the majority thereof in subsidiaries in the six countries with ongoing projects.
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