Businessman Gabriel Popoviciu, who in June won the auction toacquire bankrupt Tiago mall in Oradea through Shopping CenterHolding, has yet to pay the 30.5 million euros for the asset, withthe deadline being August 18th.
"We have no reasons to worry for the time being. The winnersneed to pay the amount by August 18th and we have no reason tobelieve they won't," said Andrei Cionca, partner with Casa deInsolvenţă Transilvania (Transilvania Insolvency Firm), liquidatorof MLS Proiect, which has the bankrupt mall in its portfolio.
Until recently, Popoviciu's involvement in the Tiago Oradeabusiness was uncertain. However, according to market information,after winning the auction the billionaire started to look forcompanies willing to open stores within the Oradea mall, offeringthem good terms, but retailers have not rushed to sign contracts inthe mall that went bankrupt precisely because of the lack oftenants.
The situation is further complicated by the fact that the auctionto sell the mall was challenged by the former owners of shoppingcentres Euromall Piteşti and Euromall Galaţi, which had beendisqualified before the auction.
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