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Dawnay Day invests 135m euros in Cluj and Arad

Dawnay Day invests 135m euros in Cluj and Arad
20 mar 2007 24

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. Atrium Centers is a British-owned company, specifically established in order to manage and develop the project.

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