If completed, the investment night reach EUR78 milion to EUR80 million, according to ZF estimates.

The company that got the permit on July 27 is held by BIG Energia Holdings (Hungary), a division of Israel’s BIG Shopping Centers. In turn, BIG Shopping Centers owns more than 67% in AFI Properties Ltd, which owns AFI Cotroceni and AFI Brasov, among others.

(English version by Loredana Fratila-Cristescu)