Italian Embassy to auction Nicolae Iorga park on Calea Victoriei, bids start at EUR 5.5 mln

Georgiana Bendre 10/04/2017 | 17:25

The Italian Embassy will auction for Nicolae Iorga park on Calea Victoriei, currently used as a public park, the price starts from EUR 5.5 million. The green space has a surface of 3,000 sqm and it’s in the ownership of the Italian state.

Bucharest Mayor Office or the district mayor office can attend the auction or the discussions with the Italian state if it wants to keep the park. If the park will be bought by a private entity, there’s a possibility of buildings constructions on that particular area.

Those who are interested can subscribe their offers at the Administrative office of the Italian Embassy at Bucharest until May 15, 12 PM.

“The Italy Embassy has the right to make the sale even in the case of only one offer, considered available and appropriate, as well as the right to annul, suspend or revoke the auction procedure in any stage, according to the law,” according to the Embassy site.

During 2001-2013 were retroceded in Bucharest 36 hectars of parks and in the last 16 years were given back 23 hectars of green spaces/playgrounds, according to an inventory made by Bucharest Mayor Office.

BR Magazine | Latest Issue

Download PDF: Business Review Magazine December (II) 2023 Issue

The December (II) 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “A Visionary Leader Entrusted With Consolidating CPI's Portfolio
Georgiana Bendre | 21/12/2023 | 14:13
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue