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March 29, 2023

Industrial park Cefin of Arad, for sale

The industrial park constructed in 2011 by the Italian group Cefin in Arad was put on sale through direct negotiation by the judiciary administrator of the developer, which became insolvent last year over debts of RON 114 M (EUR 26 M), Mediafax informs. The judiciary administrator, BDO Business Restructuring, wants to sell the 8 modules of the industrial park, with a total surface of 44,000 sq m plus 2,600 sq m office space, plus an unfinished 3-storey building and a concrete platform with the destination parking and access way, covering a total area of 27,400 sq m. Offers can be submitted until June 25. According to data provided by the judiciary administrator, the total debt owed by Cefin Real Estate Asset Management amounts to RON 113.6 M, with more than 60 pc of the sum being owed to Volksbank.

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