News » May, 2011 » 30 May 2011
City Mall Bucharest To See Fourth Sale Attempt, At EUR23.58M
30.05.2011, 11:57 | Real Estate | 1840 views
Bankrupt shopping center City Mall Bucharest will be put up for sale for the fourth time on June 10, in an auction starting at EUR23.58 million, some 30% less than the initial price of EUR33 million. City Mall was initially put on sale on March 31, at EUR33 million, but, since there were no investors, the price was gradually decreased to EUR29.5 million and then EUR26.2 million. In this fourth auction, the starting price if EUR23.58 million, and the bidding literature needs to be filed by June 8. Read more on Mediafax.ro
|
Latest news in category Real Estate
The Romanian Development Ministry significantly increases fines charged to homeowners and local authorities who fail to carry out technical inspections and start rehabilitation works on buildings considered to have a high seismic risk. read more...
City Mall shopping center in Bucharest, currently bankrupt, might find a buyer at the third auction, for a price of at least EUR 26.2 million, considering Casa de Insolvenţă Transilvania, the project's liquidator, sold a document detailing the conditions of contract to an interested investor. read more...
Bucharest's Asmita Gardens, the housing project entailing the largest private investment, around 120m euros for the building of seven blocks of almost 800 apartments, has been struggling in the past two months after the sales team decided to leave. read more...
|
|
