Mall man leaves Anchor Grup

Ali Ergun Ergen is no longer the chief executive of Anchor Grup, the company that owns the Plaza Romania and Bucuresti Mall shopping complexes. He came in Romania in 1999 and coordinated the development and management of the two shopping centres. “I am on a holiday now. I will, however, return to Romania and will be involved in real estate projects again. I cannot tell you what these are at the moment,” Ali Ergun Ergen stated. The Anchor Grup officials in their turn confirmed their former chief executive”s departure, saying, “The new chief executive of Anchor Grup will be appointed next week.” A graduate engineer, Ali Ergun Ergen, 37, coordinated – besides the two malls, the running of another real estate project of Anchor Grup, which did not involve shopping complexes but a 30,000 square metre office building near Plaza Romania, for which the company had taken out a loan from HVB Bank. The previously announced plans of the company targeted expansion of the number of shopping complexes to other cities in the rest of the country, as well as entry on other segments of the real estate market such as office buildings or residential projects. ZF