Real estate market sources say Skanska would like to buy 3 hectares to develop office buildings and Prime Kapital 8 hectares for retail development. The deal should amount to EUR60 million to EUR70 million. GRIRO’s oil and petrochemical industry equipment manufacturing operation is to be relocated.
Skanska, which uses its own money to develop projects and then sell them, has been in Romania for seven years now, during which it built and sold several office projects, in Barbu Vacarescu area, and is now building a new one near the Politehnica University of Bucharest.
Prime Kapital, a developer run by Martin Slabbert, who turned commercial property investor and developer NEPI into the biggest mall owner in Romania, has more than EUR200 million for investments in real estate development. Prime Kapital is now working a huge project in Iasi, NE Romania, which is also its first, and is trying to stake its flag in Bucharest with a major project.
GRIRO, a company with a 120-year history, started out as a railroad carriage repair business – Atelierele Grivita, and is now a manufacturer of complex equipment for refineries, petrochemical, chemical and fertilizer industries, and other related industries.
(English version by Loredana Fratila-Cristescu)