ING Real Estate buys Felicia shopping centre gallery in Iasi for 40m euros
July 14th, 2007 by Dino
ING Real Estate Management (ING REIM), the real estate investment arm of ING Group will buy the shopping gallery at the Felicia retail project in Iasi in a deal worth around 40 million euros, according to sources on the market.
Soconac, the local branch of the French Vinci Construction Grands Projects group, in partnership with Carrefour is developing the Felicia project. The investment is worth 40 million euros and will be completed this autumn. The shopping complex will include a Carrefour hypermarket covering 8,600 square metres and a shopping gallery covering 13,000 square metres, which will be taken over by ING REIM.
To read the whole text click here.