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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Prime Kapital competes with major retailers for former industrial site in Bucharest

SIF Banat - Crișana (SIF1) is in the process of signing pre-contracts for the sale at a high profit of the former IMGB industrial platform in the south of Bucharest, recently acquired.

The sale of the entire platform may become the largest land transaction in Romania’s history, at a value of over EUR 100 mln, according to Profit.ro. Prime Kapital, Kaufland, Lidl and Carrefour are on the list of potential buyers.

SIF1 is in final talks to sell the largest piece of 54-hectare land to real estate developer Prime Kapital.

The average selling price of the lots is about EUR 250 per square meter, which brings the value of the entire IMGB platform to over EUR 100 mln.

In the autumn of last year, after negotiations that took about two months, SIF1 paid the South Korean company Doosan about EUR 40 mln for IMGB, which means that finalizing the transactions now underway would bring a huge profit to the investment company, Profit.ro notes.

andrei@romania-insider.com

(Photo source: Teodororoianu/Dreamstime.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Prime Kapital competes with major retailers for former industrial site in Bucharest

SIF Banat - Crișana (SIF1) is in the process of signing pre-contracts for the sale at a high profit of the former IMGB industrial platform in the south of Bucharest, recently acquired.

The sale of the entire platform may become the largest land transaction in Romania’s history, at a value of over EUR 100 mln, according to Profit.ro. Prime Kapital, Kaufland, Lidl and Carrefour are on the list of potential buyers.

SIF1 is in final talks to sell the largest piece of 54-hectare land to real estate developer Prime Kapital.

The average selling price of the lots is about EUR 250 per square meter, which brings the value of the entire IMGB platform to over EUR 100 mln.

In the autumn of last year, after negotiations that took about two months, SIF1 paid the South Korean company Doosan about EUR 40 mln for IMGB, which means that finalizing the transactions now underway would bring a huge profit to the investment company, Profit.ro notes.

andrei@romania-insider.com

(Photo source: Teodororoianu/Dreamstime.com)

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