Austrian listed real estate company Immoeast has bought a 90,000 m[sup]2[/sup] shopping mall project in the Romanian port city of Constance for EUR 185 mln. The mall will be developed by Hungarian builder Trigranit, in which Immoeast has a 25% interest. Construction is to start next summer, with completion scheduled for 2008.
Austrian listed real estate company Immoeast has bought a 90,000 m2 shopping mall project in the Romanian port city of Constance for EUR 185 mln. The mall will be developed by Hungarian builder Trigranit, in which Immoeast has a 25% interest. Construction is to start next summer, with completion scheduled for 2008.
Immoeast, created in 1999 as a subsidiary of Immofinanz, is currently developing another project in the city, comprising 30,000 m2 of office and retail space. It is due to open in the spring of 2008.
