Iris Titan Shopping Center in the Romanian capital city will be re-launched under a new modern concept, following EUR 10 million investment, according to DEGI Titan, company owned by Aberdeen Immobilien KAG. In the last months, the commercial center went through several modernization works, which will be finished until spring 2012.
The commercial center opened in 2008 and has a rentable area of 48,000 sqm, and 2,000 parking places. Developer Avrig 35 sold the ptoject to Deutsche Gesellschaft fur Immobilienfonds (DEGI) in June 2008 and it is now part of the Aberdeen Immobilien portfolio.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Iristitan.ro)