Property in Romania

Romania Real Estate: Dawnay Day pays 19m euros for MacroMall

Dawnay Day Carpathian, a British real estate investment company, has bought the Brasov-based MacroMall shopping centre for 19 million euros. This is the first acquisition by the British firm on the domestic market.

“We are planning to make further acquisitions on the Romanian market, but we are in no rush for the time being. In the case of MacroMall we intend to invest in its development and to bring tenants from abroad, but we cannot disclose the future value of investments for now,” Dawnay Day Carpathian representatives said.

Date posted: August 3, 2006