According to the sources, the office tower will be developed on a 10,000- sqm plot of land Prospectiuni owns in Bucharest’s sector 1.
The project will be developed by firm Prospectiuni Real Estate SRL, whose setting up is underway. The firm will be controlled exclusively by Prospectiuni.
The company is 55.7% owned by businessman Ovidiu Tender, through Tender SA Timisoara, while investment fund SIF Muntenia (SIF4.RO) holds 11.8%.
Prospectiuni’s turnover fell over 50% in the first quarter of the year to 32.7 million lei (EUR7.5 million) and its losses reached RON13.9 million (EUR3.2 million).
On the Bucharest stock exchange Thursday, Prospectiuni SA shares are traded at RON0.1432 per share, up 4.53%.