Trigranit suspends local activity for three years

Newsroom 18/04/2011 | 11:05

Trigranit Development Romania, which was supposed to develop the Esplanada project in Bucharest, has announced it is suspending its activity for three years. The Esplanada project was evaluated at EUR 1 billion. Half of the land where the project was due to be built is being claimed by former owners.

This has led to a four-year delay in the start of the project, initially scheduled to begin in 2007. The investment was supposed to include office buildings, retail space, hotels, and residential and cultural spaces.

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