Popoviciu loses Tiago Oradea unless he comes up with 30.5m-euros within a week
Businessman Gabriel Popoviciu, who in June won the auction to acquire bankrupt Tiago mall in Oradea through Shopping Center Holding, has yet to pay the 30.5 million euros for the asset, with the deadline being August 18th.
"We have no reasons to worry for the time being. The winners
need to pay the amount by August 18th and we have no reason to
believe they won't," said Andrei Cionca, partner with Casa de
Insolvenţă Transilvania (Transilvania Insolvency Firm), liquidator
of MLS Proiect, which has the bankrupt mall in its portfolio.
Until recently, Popoviciu's involvement in the Tiago Oradea
business was uncertain. However, according to market information,
after winning the auction the billionaire started to look for
companies willing to open stores within the Oradea mall, offering
them good terms, but retailers have not rushed to sign contracts in
the mall that went bankrupt precisely because of the lack of
tenants.
The situation is further complicated by the fact that the auction
to sell the mall was challenged by the former owners of shopping
centres Euromall Piteşti and Euromall Galaţi, which had been
disqualified before the auction.