Dawnay Day Carpathian, a British real estate investment company, has bought the Brasov-based MacroMall shopping centre for 19 million euros. This is the first acquisition by the British firm on the domestic market.
"We are planning to make further acquisitions on the Romanian market, but we are in no rush for the time being. In the case of MacroMall we intend to invest in its development and to bring tenants from abroad, but we cannot disclose the future value of investments for now," Dawnay Day Carpathian representatives told ZF.
In the wake of this deal, Dawnay Day Carpathian representatives put annual yield at 9 percent.
The sale of the shopping centre was a profitable deal for the developer, as well. Thus, the commercial centre involved investments worth some 8 million euros, according to the information provided by its developer, AWG Macro company.
Contacted by ZF, the developer's representatives chose not to make any comments.
The latest information available shows AWG Macro to be owned by Alyosha Wagner, a Romanian-born German citizen, and by Gerard Heinen, a Dutch who controls Neoart Corp, a Philippines-based company that produced, among other things, the sets for Steven Spielberg's Jurassic Park.
As a matter of fact, some of the sets used in the film were used to decorate the shopping centre.
MacroMall shopping centre was opened late last year and has a net lettable area of almost 7,900 square metres and 350 parking spots. MacroMall is located in the southern area of Brasov city, where other commercial projects such as Selgros, Carrefour, Metro and Praktiker also operate.
The over 80 tenants of the mall pay a monthly average rent of 16 euros per square metre. Moreover, close to the mall there is a plot of land considered for a possible subsequent development, with an area of 7,735 square metres.
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