Romanian energy group OMV Petrom sold two plots of land in the northern part of Bucharest, in the so-called Petrom City, to companies controlled by local entrepreneurs Dan Şucu and Raul Doicescu. The deals are estimated at a combined value of over EUR 20 mln, according to Ziarul Financiar.

Doicescu's Bog'Art group, through development company Art Property, and Şucu's Mobexpert furniture producer & retailer, plan a mixed project to be built on the two lots, including 1,500 homes, a hotel and a hospital.

Bog'Art bought a lot of 26,000 sqm, and Mobexpert a lot of 43,000 sqm, and according to the quoted sources, the average price was EUR 290 per sqm.

This would be the second association between Mobexpert and a construction company after Dan Şucu developed the Arcadia project in the Domenii area of ​​Bucharest together with Valentin Vişoiu, the owner of the construction company Conarg.

andrei@romania-insider.com

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