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The South African investment fund NEPI announced that it wants to buy the 49-hectare land from Romexpo, which the Parliament gave free of charge to the Chamber of Commerce, an institution that wants to partner with Iulius Group, reports Mediafax.
The South Africans of NEPI Rockcastle are the largest mall owners in Romania, having in their portfolio, in addition to Promenada, Mega Mall in Bucharest, but also other projects in the country: Shopping City Sibiu, Promenada Sibiu, Vulcan Value Center, Iris Shopping Center Titan, Timişoara Shopping City, City Park Constanta, Ploieşti Shopping City, Brăila Shopping Center, Galaţi Shopping City, Târgu-Jiu, Severin, Deva, Piatra Neamţ, Râmnicu Vâlcea, Satu Mare, Brăila Shopping Center, Aurora Buzău.
USR and UDMR deputies announced that they will attack the bill initiated by PMP and voted by deputies from PNL and PSD.
Romania’s largest real estate project should be built on the land in question, a project worth more than 2 billion lei developed by Iulian Dascălu, the largest Romanian owner of shopping centers, and by the Chamber of Commerce and Industry.
CCIR is the majority shareholder of Romexpo SA, with a percentage of 91.26%, the company that owns all the buildings, premises and platforms related to the Romexpo Fairgrounds.
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