Hidroelectrica took possession of Romaero’s real estate assets following the enforcement of claims arising from debts Romaero owed to the energy producer.
Romaero owed Hidroelectrica RON11 million and as part of the rescheduling process it pledged several of its real estate assets as collateral.
Romaero, which is in a bad financial situation, did not pay the debt to Hidroelectrica when due and the energy producer enforced the debt, i.e., took over the real estate assets.
Hidroelectrica subsequently auctioned the assets, and ONE bought them.
Victor Capitanu, co-CEO of ONE, confirmed the information, adding that the acquired assets will be used for the development of a commercial project – ONE Baneasa AirPark, set to include the hangar area and office buildings, which “we will rent to companies that need the proximity of the airport, such as aviation operators, carriers, etc., on the DHL model”.
“This commercial development, which is being done on 1.5 hectares and will have 7,000 square meters of built area, is intended to expand our rental portfolio,” he said.
ONE bought the assets auctioned by Hidroelectrica for almost EUR4 million.
(English version by Loredana Fratila-Cristescu)