The project, developed by the businessman Dănuţ Prisecariu, was bought in 2006 by the investment fund East Balkan Properties, but on the background of crises and growing competition on Iasi retail market the turnover went down and the owners looked for an exit solution.
„The project reached financial difficulties, but these were solved one I became owner, I got the bank and the investors understanding. The company is now financially stable and in the following period I will capitalize the firm with EUR 27 million, where from the debts would be paid and investments done as I plan to develop the upper levels into A class office“, has declared Iaciu. (source: zf.ro)
