Monday, 17 March 2025
Sibiu-based company Sembraz has sold a 21,000-square-meter plot of land, along with the buildings on it, for €4.5 million. The site, which had an approved Urban Development Plan (PUD) for a hypermarket construction, was sold following approval by the Sibiu Local Council in 2023.
The sale agreement was finalized on February 20, 2025, with the payment to be made according to the contractual terms. On the same day, Sembraz also signed a €700,000 development contract, plus VAT, for the preparation and release of the land.
Sembraz is majority-owned by Transilvania Investments Alliance (formerly SIF Transilvania), which holds a 90.9% stake, while the remaining shares are owned by individuals and legal entities. Founded in 1991, the company was previously engaged in the production of agricultural machinery, spare parts, metal products, and containers.
Source: economica.net
