Ergun Ergen goes to Baneasa Investments

The former general manager of Anchor Grup, Ali Ergun Ergen, will fill the position of retail development director in the biggest real estate project in Romania, Baneasa.

“I am confident the expertise accumulated in this domain, together with the opportunities provided by the Baneasa project, will contribute to the development of this project, the largest commercial area in the northern part of the capital city,” stated Ergun Ergen.

Ali Ergun Ergen was involved in the development of the two malls which the Anchor Turkish group owns on the Romanian market, Bucuresti Mall and Plaza Romania, both in the capital city. The respective commercial centres are located in the Vitan area and the Lujerului Passageway, respectively, and were finalised in 1999 and 2004.

An engineer by training, Ali Ergun Ergen, 37, coordinated, beside the two malls, the development of another real estate project of Anchor Grup. This was not in the domain of commercial centres, but concerned an office building of 30,000 square metres located near Plaza Romania, for which Anchor had contracted a loan from HVB Bank.

The Baneasa project will be developed in several stages and completed by 2015, on a 224-hectare plot of land, and will include offices (with an area of 120,000 square metres), commercial centres (a mall, a hypermarket, a furniture store, a Do-It-Yourself store, sportswear, furniture galleries, etc., covering some 170,000 square metres) and 3,000 individual or collective houses or apartments in villas.

The first part of the retail area within the Baneasa project will be finalised in April and will include the Feeria Shopping Center commercial gallery, where Carrefour, Bricostore, Media Galaxy and Mobexpert will be located. The second stage of the project will be developed on an area of more than 90,000 square metres. The developer, Baneasa Investment, late last year reached the final stage of the part of the project involving offices. The two office buildings will have an area of 26,000 square metres and can be rented at a price of around 17 euros per square metre, excluding VAT and maintenance service charges.

The Baneasa Business & Technology Park will be developed over a five-year period, in several stages, on 12 hectare plot of land and will include 11 A-class and A plus office buildings, with a total area of 160,000 square metres.

alexandru.cerchez@zf.ro