“The Mobexpert Group needs more than EUR50 million over the next two years to develop its production and retail capacity. We thought it prudent to self-fund 50% of the investment, to avoid increasing exposure to banks too much in a time of rising interests,” furniture manufacturer and retailer Mobexpert owner Dan Sucu said.
“We retain the use of the space via good contracts in terms of rent. CTP develops its core business and has a long-term customer in Mobexpert.”
Following the deal, Mobexpert is now renting 100,000 square meters from CTP.
“We are opening a new market for CTP in Targu-Mures, a regional center with an impact on the economic and cultural environments in Romania (…),” country head of CTP Romania Ana Dumitrache said.
With its arrival in Targu-Mures, CTP is now operating in 15 cities in Romania.
(English version by Loredana Fratila-Cristescu