Mall in Valcea sold for 42m euros

The Portuguese company Sonae Sierra, which owns over 40 shopping centres worldwide, has entered the local market through a 42 million-euro transaction, by taking over the River Plaza shopping centre in Ramnicu-Valcea. The shareholders of Setler Mina, the previous owners of River Plaza, are Viorel Popescu, former deputy-prefect of Valcea county, Ghiulsen Popescu, Denise Bojan and Felix Bogdan Bojan, with equal stakes of 25%. They could not be contacted to provide any information on the transaction by the time this issue was ready for print. “River Plaza is the company’s 44th shopping centre and is part of the company’s long term expansion plan. With this deal, we are penetrating the Romanian market through an already operational mall,” stated Alvaro Portela, CEO of Sonae Sierra. River Plaza has an area of over 12,000 square metres, with around 90 stores including a SPAR supermarket, an Altex store, the clothing and footwear chains Leonardo, Kenvelo, Puma, as well as the fast food outlets Pizza Hut and KFC.