Winmarkt shopping mall owner begins exit from Romania

The Italian group Imobiliare Grande Distribuzione, which entered the local market 17 years ago by taking over the Winmarkt shopping mall network, has sold its first mall in Romania, with the ultimate goal of selling the entire local business.

The Italians have collected EUR 8.3 million for the shopping center in Cluj-Napoca. The project has a gross leasable area of 7,873 sqm, over 11,000 sqm of total area and includes 35 stores.

“The company will continue with determination in implementing a program that aims, as we have seen, to consolidate our capital and financial structure and maintain a firm focus on the Italian market,” says Roberto Zoia, CEO and general manager of IGD. The company intends to use the money obtained to reduce its debts.
IGD owns 14 shopping centers and an office building on the local market, a portfolio valued at over EUR 163 million.