CFR Grivița SA sells 30,000 sqm land near the former Griro factory

The shareholders of Atelierele CFR Grivița SA decided to sell the 30,000 sqm of land next to the former Griro factory in Bucharest. The approved price is a minimum of EUR 310/sqm, which means a minimum price of EUR 9.3 million. On the land there are also buildings with an area of 17,500 sqm, according to a company announcement submitted to the Bucharest Stock Exchange.

The company with a capitalisation of RON 81 million is 92.8 percent controlled by the Association of Employees of CFR Grivița workshops.

Jan Demeyere, co-founder and partner of Speedwell, recently said in an interview that he would have bought the land if he had started the CityZen project on the Griro platform.

Source: Economica.net