Dedeman buys land in Bucharest for €6.7m

Dedeman buys land in Bucharest for €6.7m

Published at: 2017-10-11 11:39 | Author: CIJ Journal
Dedeman, owned by Adrian and Dragos Paval, bought a 27,000 sqm plot of land in Bucharest’s fifth district. The property, located on Progresului avenue, was purchased from the flax and hemp manufacturer Industria Iutei for €6.7m, according to Ziarul Financiar. The DIY chain has not revealed what its plans are for the site, but local news reports are suggesting it could build a store, office or residential scheme. The area is already home to a number of retail and office projects, including Green Gate and AFI Tech Park, which is set for completion next year.

Similar Stories:

LPP to build distribution center in Brześć Kujawski
Gdańsk clothing producer LPP is planning to build a new distribution center on a 35 ha pl  »
Land prices continue to increase in Estonia
The number of land parcels for sale and the price per sqm increased in the first quarter o  »
CTP expands Hungarian portfolio
CTP acquired two parcels of land in Hungary. One is located in Biatorbágy, and the second  »
Romexpo sells land at 1 May-Expozitiei area in Bucharest
In a €4.7m deal, Romexpo has sold 14,548 sqm of land at the 1 May-Expozitiei area in Buc  »
At a regional level, Central Europe reported the most significant annualized growth of 20.   »
Last year, in Bucharest, 45 hectares of land plots suitable for commercial developments we   »
Over the summer, you acquired a business park in Kraków that included development land. B   »
With Poland’s housing developers running out of projects they can put in their pipelines   »