ZF English

Founder of Romania's first mall exits the business

21.06.2010, 16:57 22

Businessman Tunc Capa, who 13 years ago founded Romania's firstmall, Vitan's Bucuresti Mall, has exited the Anchor Grup business,selling his stakes in several projects and stepping down aspresident.

Capa will be involved in one last project - an outlet shoppingcentre in Vitan - and then completely withdraw from the business,leaving the remaining personal projects in the hands of his son,Ali Capa, who is also chief investment officer within Anchor Grupand manager of G'market stores.

"In 1997 I came to Romania and bought the plots that wouldaccommodate Bucuresti Mall and Plaza Romania. I was the company'sfounder and one of its partners. I completely withdrew from thebusiness four moths ago, and stepped down as president, as well. Istill had various stakes in several companies. I am left with a fewplots and with several apartments in InCity," the Turkishbusinessman told ZF.

He says he currently holds a 3.7-hectare plot in the Pipera areaof Bucharest, a 3,000 square-metre plot on Mihai Bravu street and a17,500 square-metre plot that used to accommodate a furniturestorage facility in the Vitan area, where an outlet project will bedeveloped in the wake of a 16 million-euro investment.

Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels

AFACERI DE LA ZERO