Dawnay Day invests 135m euros in Cluj and Arad

British investment and financial services group Dawnay Day, owner of the Brasov-based commercial centre MacroMall, says it will invest 135 million euros in two real estate projects in Cluj-Napoca and Arad within the next two years. The first project, which has started construction on the site of the former Tricotaje Somesul plant located in Cluj-Napoca city centre, amounts to 85 million euros. The project will include a four-star hotel, a business centre with a total surface area of 10,000 square metres, as well as some 32,000 square metres of retail space. The Tricotaje Somesul plant held an 18,000 square-metre plot of land in the area. This project will be developed as a joint venture incorporating Dawnay Day Pan Terra and Atrium Centers, with the new real estate centre to be called Atrium Center Cluj. Atr ium Centers is a British-owned company, specifically established in order to manage and develop the project.