about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»

British investment fund offers 70 million Euro for Cathedral Plaza

A British investment fund, a client of Willbrook Management International, is interested in acquiring the controversial Cathedral Plaza project for 70 million Euro, following a “very tempting financial offer” according to Daiana Voicu, managing director of Willbrook Management International, the British company in charge of the development and management of Cathedral Plaza

June 2011 - From the Print Edition

“A pre-sales agreement has been reached and the sale contract will be signed when the developer meets certain performance standards, such as a minimum occupancy rate and the completion of interior arrangements. The trading has to be finished by the end of the year, by when we have to meet the performance criteria established in the pre-contract. The British fund is a client of Willbrook International and has other investments in Romania,” said Voicu.
Since 2006 Cathedral Plaza, located near Saint Joseph’s Cathedral in Bucharest, has been the subject of litigation between Willbrook and the local Romanian-Catholic archbishopric, the latter claiming the construction is illegal as it endangers the structure of the cathedral. The project is a 19-storey skyscraper, with four underground levels, and a height of 75 meters. It is being constructed about eight metres from the Cathedral of St. Joseph in Bucharest. Cathedral Plaza is owned by Millennium Building Development, a local holding company for US and Israeli investors, through Miller Global Properties of Denver.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  6325 Views
Daily Info
OTP Bank Romania to double its IT team to support its digital development plans

OTP Bank Romania will double its IT team in order to support its digital development plans for next year.

Black Sea Oil & Gas signs the gas sales agreement with Engie for natural gas supply from the MGD project

Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the gas sales agreement with Engie thr...

Bucharest Stock Exchange and other capital market representatives establish the Romanian Investor Relations Association

Companies listed on the Bucharest Stock Exchange (BVB), those with potential to become listed companies jointly with funds managers and Investor Relations (IR) professionals f...

GapMinder fund invests in FintechOS, a start-up that develops AI solutions for the financial services industry

FintechOS, a company specializing in accelerating the digital transformation of financial institutions, has attracted 600,000 Euro of funding from the GapMinder investment fun...

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with...

 
 
   
advertising

advertising

advertising

More on