“We met with the company board and decided to resume work on the Metropol Center. Construction may start in fall and we are currently selecting a general contractor,” Yurdaer Kahraman, global CEO commercial of Real Estate Properties Fiba Holding, a company which includes Anchor Grup, told a news conference Thursday.
The office building is located near the Plaza Romania shopping center, also owned by Anchor Grup. The developer built the structure of the office building but works were halted in 2008-2009. The office building was originally supposed to be completed in the second half of 2009.
Anchor has another office building in the area, 27,000 sqm Anchor Plaza, shopping centers Bucuresti Mall and Plaza Romania, currently being remodeled in a EUR25 million investment, and the Incity Residence residential compound.
The developer invested EUR350 million in Romania since it entered the market in 1997. The company is part of Fiba Holding, founded in 1987 by Turkish businessman Husnu Ozyegin.