.The new mall will cover nearly 25,000 square meters and will include, among others, a Carrefour hypermarket. Pogonaru concluded a lease agreement with Carrefour for nearly 10,000 square meters within the shopping center.
The center will be built in the Obor Square area in Bucharest, on the site of the former Prodplast plastic materials factory, which has been relocated.
In August, shareholders of Prodplast Imobiliare approved several measures regarding the launch of a bond issue of maximum EUR10 million, a share capital increase and the contracting of a loan of EUR35 million.
Prodplast Imobiliare announced ever since 2012 that it plans to build a shopping center in the Obor area and in 2013, it set off procedures to put the project in motion.
Prodplast shareholders decided in 2008 to split the plastic materials maker into two firms. One of the two companies operates in the real estate sector and owns the lands and buildings in Bucharest, valued at RON206.3 million at that time.
Florin Pogonaru indirect owns Prodplast Imobiliare via several companies.