Anchor expands outside Bucharest

The Anchor Grup, the company which developed the Bucuresti Mall and Plaza Romania shopping centres, is considering expanding its business to the rest of the country, after it entered the residential and office space segment this year. “We have expanded out activity to different areas of the Romanian real estate market, and investments will continue with residential and commercial buildings. In the future, we will turn our attention towards provincial cities as well,” stated Ibrahim Paksoy, CEO of Anchor Grup. The Anchor Grup will invest some 60 million euros in building two residential districts. The projects, located near Bucuresti Mall and Plaza Romania, will make 800 flats available. In addition to that, the company started construction of an office building, Anchor Plaza, which will entail an investment worth 25 million euros. All the buildings erected by the Turkish group in Romania have remained under the ownership of the company. “We receive many offers to sell the buildings we own, 2 or 3 every month, but we are not interested in even negotiating with those making the offers. We are thinking of working with investment funds for some of the future projects,” Paksoy added. ZF