Titan Heavy Machinery factory in Bucharest listed for sale following bankruptcy

The Titan Heavy Machinery factory in Bucharest, an industrial property with a history dating back to the 1960s, has been put up for sale following the company’s bankruptcy in 2023. The factory, privatized in 1997-1998, was indirectly controlled by the Lebanese Yared family and declared bankruptcy at its own request.

The sole associate of Titan Heavy Machinery SA is Itaco International SRL, a local company owned by Christiane and Sandra Yared.

The property spans 47,286 square meters of land, including 34,870 square meters of industrial halls, a 2,717-square-meter office building, and additional vacant land. It offers significant potential for redevelopment, with possibilities ranging from industrial uses—such as production, storage, and logistics—to residential, commercial, or mixed-use projects.

Source: Profit.ro