Radu Dimofte owns 4.8 ha of retail space in western Bucharest

Radu Dimofte, one of Gabriel Popoviciu’s business partners, holds around 4.8 hectares of retail space (equivalent to a mall), most of which is located in Drumul Taberei, Crangasi, and Militari districts of Bucharest. via Practic SA, a company in which he controls 48.4%. This is the first time that Practic SA has released the list of its retail spaces and tenants. Radu Dimofte partnered with Gabriel Popoviciu in the Baneasa project in northern Bucharest, through Baneasa Investments, with the families of the two controlling Alltrom group, which operates IKEA, KFC, Pizza Hut, Howard Johnson franchises. The two businessmen are also partners in the Doina restaurant in Bucharest. Practic’s main clients are banks, as almost all names in the Romanian banking system were on the Practic SA’s tenant list at the end of last year, with the biggest ones being BCR and Raiffeisen, each with six branches. Last year Practic SA collected 28.7 million RON (6.8 million euros) in rent revenues, 17.4% more than in 2008, despite tough market conditions.