Cocor invests 6m euros

The Cocor shopping complex in downtown Bucharest will be modernised next year, with works most likely to start next spring. The project, which is worth approximately 6 million euros, will include the reorganisation of the commercial space. “We want to start renovation and will increase the amount of space rented by some 2,000 square metres, once the works are completed. We would like to start works in March-April, so that they can be finalised in September or October,” explained Ilie Ioan Banu, the chairman of the board of Cocor Bucharest, which operates the shopping complex of the same name in downtown Bucharest. Funding for the project will come from the profit of the past few years and from the sale of shares and interests Cocor owns in other trading companies. ZF