Siminel said the fund holds 1,000 stores, via companies Romarta and Metex, which cover 200,000 square meters, in 30 towns in Romania. He also said that 10% of stores are empty because many of them are located in poor towns with no industrial activity.
Siminel added that, before the start of the economic crisis, NCH had sold properties worth EUR500 million, which were collected by NCH investors in the United States.
According to Siminel, NCH has not bought any property in Romania for over five years, because prices were too high, and has not sold any major property over the past two-three years.