November 26, 2018

Skanska and Prime Kapital might jointly buy 11 ha Bucharest plot

Skanska and Prime Kapital might jointly buy 11 ha Bucharest plot

Skanska and local developer Prime Kapital might share the 11-hectare Griro platform in Bucharest, controlled by businessmen Nicolae Badea and Fatih Taher, in a €50 million transaction, according to market sources. According to market sources, Skanska plans to develop an office complex on 3 hectares of land and Prime Kapital would use the remaining 8 hectares for a new retail development. Griro manufactures products for applications in refineries, petrochemicals, gas industries, and power plants. The production facilities would be relocated as a result of a successful transaction.

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