“After the launch of the online sales portal sales.citr.ro at the beginning of the year, the CITR sales team sold over 150 real estate assets this year, including residential buildings, industrial buildings, offices, apartments, land and other properties, totaling around EUR50 million,” said company associate Radu Lotrean.
The company’s portfolio includes the Armonia Braila shopping center and Swan Office&Technology Park, for which CITR has been trying to find buyers for a long time. The Armonia Mall in Braila is difficult to sell due to the low economic potential of the area.
This year, the most important takeovers of projects under insolvency or bankruptcy were residential and the buyers were the main creditors. Alpha Bank was the most active and took over residential projects Doamna Ghica Plaza, Blue Tower, Asmita Gardens in Bucharest and the MLP Bucharest Sud logistical park.
Also, the former PIC hypermarket in Oradea, bankrupt, was sold to Western Logistics, affiliated with Alf Mizzi & sons Ltd based in Malta, which will turn it into a logistical center.