The plan will be discussed on October 9, shopping center operator Cocor Bucuresti (COCR.RO) said in a statement Monday.
The price might exceed EUR50,000 per sqm for smaller spaces, said the company.
The shopping center was included on the list of properties to be sold within the shopping center operator’s restructuring program approved by shareholders in July. It was put up for sale at a starting price of EUR50 million.
At the end of 2011, shopping center Cocor was valued at 45.1 million lei (EUR10.5 million).
In August, Cocor Bucuresti sold a 196-square meter retail space in Bucharest for about EUR3.98 million, or EUR20,348/sqm, a record price on the Romanian retail market. Cocor representatives did not disclose the precise location of the space or the buyer’s name.
Cocor Bucuresti reported losses of RON7.9 million in the first half of 2012, up 4.6 times on the similar period of last year, when its losses stood at RON1.7 million. The company’s turnover dropped to RON6.2 million from RON12 million.
Company shareholders include investment fund Broadhurst Investments, SIF Transilvania (SIF3.RO), SIF Muntenia (SIF4.RO), Daniel Stoica, Liviu Ursan and Aurel Besliu.
Cocor Bucuresti shares were last traded on the Rasdaq market on September 17 at RON117.8 a share.