Local investor gets EUR 34 mln loan to expand mall in Bucharest
Local investor Andrei Pogonaru, the main shareholder of the Veranda mall in Bucharest’s Obor area, has secured a EUR 34 million loan from CEC Bank.
The loan will be used to refinance a previous one and to finance the mall’s expansion. Veranda mall will get a cinema next spring and new shops.
The mall opened in October 2016. It has 100 stores and a Carrefour hypermarket as well as 1,200 parking places, a food court area and a park.
Romanian developer invests EUR 20 mln in expanding mall in Bacau
editor@romania-insider.com
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