Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

DEGI took over Iris commercial centre in Bucharest

Romania is the country with the strongest growth of consumer expenses in Central and Eastern Europe, stated DEGI President Barbel Schomberg.

Deutsche Gesellschaft fur Immobilienfonds (DEGI), part of Aberdeen Property Investors Group of Scotland, has signed an agreement with Avrig 35 group of companies to take over the Iris shopping centre situated in the Bucharest Titan borough, for EUR 147 M, according to a joint communiqué issued by the two companies, Mediafax informs. The centre will be integrated with DEGI Europe Retail real estate fund specialising in shopping centres in Europe. The Iris mall in Titan has a lettable area of 48,000 square metres and 2,000 parking spaces. Avrig 35 invested about EUR 70 M in developing the complex, according to company representatives. ‘Romania is one of the countries with the fastest growth of consumer expenses in Central and Eastern Europe. Modern retail will have to gain from this growth’ DEGI President Barbel Schomberg stated in a press statement. The Iris hypermarket and shopping gallery are let under long-term lease agreements to French retailing chain Auchan as well as to other relevant operators, the rent being paid in EUR. The contracts will hedge investment against inflation risks, the press release further reads. In the mid 2007, the group of companies Avrig 35 was running 17 real estate projects in a total value of over EUR 500 M in Bucharest, Suceava, Piatra-Nemt, Focsani, Constanta, Satu Mare, Arad, Timisoara, Brasov and Pitesti. The group owns over 35 companies operating in constructions and property development in the residential, commercial, office and industrial space segments. Sursa: http://www.nineoclock.ro

Tags: bucharest centre

Articole similare