The shopping center is facing foreclosure procedures for overdue debts amounting to EUR61 million to three banks – Eurobank EFG, Alpha Bank and Bank of Cyprus. It was put up for sale at a starting price of EUR60 million.
Rosequeens Properties’ administrator is Ciprian Chiorean, legal manager at Bank of Cyprus.
Liberty Center has a lettable area of 70,592 square meters and is located on a plot of land of 20,255 sqm. It has 101 renters.
The shopping center was opened in November 2008, following an investment of EUR70 million, and is held by Irish company Mivan and the Awdi family.