Vitantis Shopping Center sees 2.3 mln visitors in eight months, re-thinks commercial mix

Newsroom 01/06/2009 | 16:29

Vitantis Shopping Center delivers 34,000 sqm of rentable area and comprises the 11,400-sqm shopping gallery, furniture center Mobila Bontas, DIY unit Praktiker,
Carrefour hypermarket and household appliances retailer Technomarket.
Equest Investments is the Romanian subsidiary of Equest Capital Limited, which runs Equest Balkan Properties (EBP) investment fund. Last year, investment fund EBP said it planned to focus on developments in Romania, with three retail and logistic projects in the pipeline for the country in the coming period. The fund said it was not planning to make an exit in Romania, but was in the process of selling a significant mature asset it held in another country, in order to finance its pipeline of investments in Romania, according to its representatives.
In March, Bank Austria Creditanstalt said EBP had breached the conditions in the loan contract for the commercial center Moldova Mall in Iasi. The loan was taken out by the firm in 2006. According to the investment fund, this was not expected to impact on EBP's other assets or borrowing.
Staff

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