Electroputere Parc paid EUR7.7 million upon contract signing and will pay the remainder within the next 30 months.
The deal targeted a plot of 23,094 square meters and one of 14,936 sqm in Craiova, including the buildings on the respective plots.
The sale of assets will not affect Electroputere Craiova’s current activity, the company said.
Electroputere Parc was bought in September 2016by French real estate group Catinvest, which owns and operates other shopping centers in Central and Eastern Europe (shopping galleries Carrefour Orhideea and Cora Pantelimon in Bucharest, Carrefour TOM in Constanta, Auchan Savoya Park in Budapest, and Tesco Borska Pole in Plzen).
The company announced in 2017 it planned to expand the shopping center in Craiova.