Eurobank buys Iasi commercial project for EUR 14.5 mln

Newsroom 19/09/2007 | 16:33

Eurobank has bought 99.99 percent of the company which is developing the project, thus taking control over the building. The paid amount does not include the debts the Romanian company currently has.
The Greek investor will pay EUR 2.9 million in advance, with the rest of the sum to be paid mid-December, when the construction is completed.
Eurobank is on its third acquisition on the Romanian market. The company has recently announced an acquisition agreement for Eliade Tower, a completed and rented out office building in Floreasca, for EUR 26.25 million. The building covers 9,700 sqm on ten floors.
The company has also signed a preliminary agreement for a EUR 36 million office building underway in the Pipera area. The office building will cover 23,000 sqm and should be rented out for EFG Eurobank's group divisions.

Corina Saceanu

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