The building stretches onto 13,000 square meters and is part of Cluj Business Center project, which is scheduled to have three buildings upon completion.
The first building covers 20,000 square meters and will be made up of two modules. The first module, covering 12,936 square meters, will be delivered in March, while the second module, stretching on 9,900 sqms, will be delivered in the fourth quarter. The two modules will represent the first building of the project and will function independently, Buzoianu told Mediafax.
The first two modules require an investment of EUR9 million and EUR8 million, respectively, financed with loans from Banca Carpatica (BCC.RO), Banca Transilvania (TLV.RO) and own funds.
Other two buildings stretching on 19,800 square meters and 18,450 sqm, respectively, will be built between 2014 and 2015, with an average investment of EUR16.5 million.
Felinvest, former sweets producer Feleacul, changed its business line in 2009 and entered the real estate sector.
Octavian Buzoianu owns 70% in Felinvest. The company has a share capital of RON3.4 million split up into 34 million shares with a face value of RON0.1/unit.
On the Bucharest bourse, Felinvest shares were last traded on March 1, 2012, at RON0.65/unit.