“Top players in the sector have acquired the documentation so far. Some of them are also interested in attracting financing, while others use their own resources,” the liquidator said in a statement Tuesday.
In August, Transilvania Insolvency House had to switch liquidation strategy, after five unsuccessful sale attempts. The latest sale price tag was around EUR21 million.
City Mall went bankrupt in November 2010, after owner Victoria Holding, a unit of Austria’s investment fund APN European Retail Trust, was unable to repay the loans taken for its construction.
According to the preliminary chart of debts, the three banks that financed the project stand to collect a total 176 million lei (over EUR41 million).
City Mall has a total surface of 38,000 square meters and a lettable area of 19,000 square meters. The center includes 80 stores, cafe bar and restaurant areas, as well as a movie theater operated by City Cinema. (EUR1=RON4.2429)
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