Anchor buys 1 million square metres for its projects

Anchor Grup bought around one million square metres of land in Bucharest and nearby the Capital, where it intends to develop several real estate projects, which will consist of office space, residential and retail space, the company announced on Thursday. In 2007, Anchor Grup will continue real estate investments by erecting two office buildings in Bucharest, close to the shopping centres Bucuresti Mall and Plaza Romania. The company also acquired around one million square metres of land in Bucharest and surrounding areas, where it will develop office buildings and residential complexes, which will also include commercial and retail space, states a company release. Anchor Grup owns the Bucuresti Mall and Plaza Romania shopping centres in Bucharest. Last year, the developer initiated a plan to expand the Bucuresti Mall commercial centre, by building another 9,000 square metres of lettable area and a multi-storey car park with an 800-vehicle capacity.