Who the Romanian Inter IKEA appointed to run the mega-project of Timpuri Noi is

The real estate company controlled by Swedish billionaire Ingvar Kamprad, the owner of IKEA, has brought a 33-year old Romanian at the helm of Romanian operations, who is focusing on Timpuri Noi project, but is also mandated to find new acquisition targets.

Antoniu Panait, the Romanian appointed to supervise the Romanian operations of Inter IKEA Centre Group (IICG) controlled by Kamprad, is further seeking new plots of land for acquisitions, but believes the prices are not correlated to the ones of rents that can be now got on the real estate market.
Panait, 33, is a law school graduate and for two years worked with Dezim Development, in charge with the management of Romstal group’s real estate portfolio. Subsequently, in early May 2009, he was recruited by Pedersen & Partners to take over the position of general manager of Interprime Properties, the domestic subsidiary of IICG.
After setting up the domestic operations, the Swedish sealed the most important land plot deal in Bucharest, paying last summer almost 35m euros for a 5.1-ha plot on the site of former plant Timpuri Noi of Bucharest, where they plan to develop a mixed real estate project.