City Mall has a new manager. In six months it might also have a new owner

City Mall shopping centre, the first Bucharest mall that went bankrupt, has a new manager who took the reins last week, the fourth in five years, after the legal liquidator, Casa de Insolvență Transilvania (Transylvania Insolvency Firm-CITR) teamed up with Coldwell Banker real estate consultancy to rent and manage the project.

Coldwell Banker appointed Alin Dumitrașcu, a former operations coordinator with Plaza Romania shopping centre of Bucharest, at the helm of the mall, while Mihai Agaficioaia, who had run City Mall over the past two years and a half, left the company “voluntarily”.

“We needed a mall manager, someone who should handle problems, since there were management problems. The mall is under control and the view is to continue operations. In early February, we will have the sales strategy approved and we want to find a buyer in six to twelve months,” Radu Lotrean, managing partner of CITR, told ZF.