IMMOFINANZ sold the former Armonia Center Arad to the investment company Oresa

IMMOFINANZ sold the former Armonia Arad shopping center to Oresa, a company controlled by Swedish investors, with a strong presence on the local market. Oresa intends to develop a mixed-use project with an industrial and a retail component.

“The transaction is an important step for us and is part of the company’s strategy to consolidate and expand the successful brands we have in our portfolio, namely myhive, on the office segment, as well as VIVO! and STOP SHOP, on the retail segment “, said Fulga Dinu – Country Manager Operations, IMMOFINANZ Romania.

“This is the second acquisition of the Oresa real estate division in Romania this year. We find it interesting the opportunity to transform this property into a modern industrial and retail park, very well positioned, both for large and small and medium customers, who need modern spaces close to the city, for leisure activities. production, storage or showrooms “, said Cornel Marian, Managing Partner Oresa.

The rehabilitation works of the property will kick off after securing the permits, in the first half of 2022, while the launch is planned for the first half of 2023.

The entire project stretches on 110,000sqm and a gross rentable area of 43,000sqm.