Matrix Investments targets medium-sized towns

Matrix Investments, one of the most active Romanian developers of shopping centres, has three malls under development in Targu-Mures, Bistrita and Targoviste, with investments worth around 85 million euros. The group will complete its first building project in Targu-Mures, called Mures Mall next year, following a 15 million-euro investment. “The first criterion in choosing the location for the buildings is that they should be placed in medium-sized county capitals. The second criterion is a central position,” believes Octav Ros, the company’s general manager. The Matrix Investments group of firms is controlled by Valentin Nicola and Sorin Ghite, founding members and majority shareholders of the Imofinance Financial Group and former shareholders of Astral Telecom. Mures Mall is the first project in a series of three shopping centres announced by Matrix Investments for the Romanian market. The mall will be opened in November this year, and has a lettable area of 10,000 square metres.