Former industrial site of Tricodava in Bucharest's Drumul Taberei district is once again for sale, with French group Auchan negotiating the acquisition of half the 5.4-hectare plot held by a group of Spanish investors. The transaction could be worth between 15 and 20 million euros, sources from the real estate market told ZF.
Spain's Gran Via and Pryconsa bought the Tricodava platform in the summer of 2007 for 42 million euros, nearly 800 euros/ square metre, from Broadhurst investment fund, run in Bucharest by Siminel Andrei. The two companies were planning to develop a project with over 2,000 apartments, but the crisis hindered their plans. Subsequently, the two companies put an end to their partnership and divided the platform into two equal plots.
Now, Pryconsa is looking for a buyer for its plot, with France's Auchan, which has in the past few years expanded fast, negotiating the acquisition at a price of around 600 euros/square metres.
Auchan and Pryconsa representatives did not comment on the information by edition close.
Former industrial site of Tricodava in Bucharest's Drumul Taberei district is once again for sale, with French group Auchan negotiating the acquisition of half the 5.4-hectare plot held by a group of Spanish investors. The transaction could be worth between 15 and 20 million euros, sources from the real estate market told ZF.
Spain's Gran Via and Pryconsa bought the Tricodava platform in the summer of 2007 for 42 million euros, nearly 800 euros/ square metre, from Broadhurst investment fund, run in Bucharest by Siminel Andrei. The two companies were planning to develop a project with over 2,000 apartments, but the crisis hindered their plans. Subsequently, the two companies put an end to their partnership and divided the platform into two equal plots.
Now, Pryconsa is looking for a buyer for its