The project was taken over through the group’s realty division Immochan, which now plans to develop a shopping mall.
Flavius Investitii bought the former Tractorul plant in 2007, for EUR77 million.
Its plans for the platform included a mixed project of office, retail and residential buildings, with an investment of EUR1.5 billion and a 10-year timeframe.
People close to the matter told MEDIAFAX that Immochan intends to continue developing the retail project on its own, while seeking partners for the office and residential components.
Auchan and Immochan announced a press conference for Wednesday, to provide details on the Coresi Shopping Center Brasov project.
Immochan opened an office in Romania early 2011 and it has already announced the development of its first projects for the 2012-2013 interval, namely two shopping malls in Bucharest.
The Auchan group has been active on the Romanian retail market since 2006. Right now, the group holds nine hypermarkets in Romania.