Paval brothers have been looking to expand to northern Bucharest, the area with the highest purchasing power in the city and in the country, for years. They are now waiting for Sorin Avramescu, owner of Aviatia Utilitara (utility aircraft operator), to get the necessary construction permits for a store between the IKEA store and the Aurel Vlaicu Airport.
Aviatia Utilitara, which rents and does maintenance of utility aircraft, last fall announced plans to sell about 50,000 square meters at 40A, Bucharest-Ploiesti road, asking a minimum of EUR313/square meter plus VAT.
The company wherein businessman Sorin Avramescu owns more than 90% did not say who the buyer was but ZF has learnt that Dedeman has the first option to buy.
Dedeman officials did not comment on the information, while Aviatia Utilitara representatives could not be reached by the time the story was ready for posting.
(English version by Loredana Fratila-Cristescu)