Argo Real Estate fund acquires Era commercial parks in Oradea and Iasi
October 2011 - From the Print Edition
The board of Argo Real Estate Opportunities Fund (AREOF), listed on the London Stock Exchange, has approved the purchase of the Era commercial parks developed by the Cypriot company Omilos in Oradea and Iasi. Following the transaction, AREOF becomes the largest owner of commercial parks in Romania, with properties like Shopping City Sibiu and Shopping City Suceava. In total, the fund will own commercial areas of more than 210,000 sqm within the four parks. Another big owner of commercial parks in Romania is Iulian Dascalu, with properties totaling 175,000 sqm from malls in Iasi, Cluj, Timisoara and Suceava.
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