News » January, 2011 » 5 January 2011
Former manager turns mall owner: George Teleman buys into Vitantis and Moldova Mall through 5-euro investment
05.01.2011, 00:06 | Real Estate | 1289 views
The value of domestic shopping centres has plummeted, so that many projects are worth less than debts to banks. The value decline is also reflected by the latest deal through which East Balkan Properties (EBP) investment fund sold 51% in Vitantis Bucureşti and Moldova Mall Iaşi for the symbolic sum of 5 euros to George Teleman, the manager of five years of the London-listed fund's operations in the region. Read more on ZF.ro
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