Titan Masini Grele industrial platform to be put up for public auction starting at EUR 16 mln

The Titan Maşini Grele industrial platform in Sector 3 of the capital will be put up for public auction, within the insolvency procedure, with a starting price of EUR 16 million.

The assets include a 47,286 sq m plot of land, industrial halls with a total area of 34,870 sq m, an office building (G+G+5F+terrace) with a useful area of 2,717 sq m, as well as a vacant land with development potential, announced the judicial administrator CITR. The platform is part of the former FAUR industrial area and produced industrial equipment and components, especially for the rubber processing industry, playing an important role in the local industrial economy.

Nearby the platform are the Costin Georgian metro station, Kaufland and Lidl stores, Sticlăriei Park, IOR Park, and also several residential projects under development.

Titan Maşini Grele entered insolvency in 2023. The auction will take place on Wednesday, August 13, at the headquarters of the CITR judicial administrator.