A division of Alpha Group and Ali Ergun Ergen broaden investment plans
September 30 2015
Alpha Group Investments and Ali Ergun
Ergen plan to finish their retail and office real estate project by
2017. Ergen, former manager of Plaza and
Baneasa malls has embarked on this new project, initially expected
to span 60,000 square meters, in Timisoara, Ziarul Financiar reports. The original design has been purportedly extended to 80,000 square
meters of rentable surface. Out of this 70,000 is destined for retail
and the remaining 10,000 would be office space. Apparently, the
initial 80 million euro investment is now now estimated at 90
million.
Ergen reportedly declared “ Timisoara
Centrum is a living product, a generator of ideas. Thanks to its new
characteristics, the market's growing interest in it, the project has
had an unprecedented evolution”. Construction is set to start by the end
of 2015.