The value of the transaction is estimated around EUR 25 million, according to the above mentioned sources.

Global Finance owns since 2007 28,000 sq. m of land within Automatica base, near the Ford building, an historical monument. Automatica building is currently in ruin.

Over the years, the Greek investment fund tried to develop a real estate project on this land, also obtaining the Urban Plan from the City Hall, but didn’t complete it, considering the falling of the real estate market since 2009 up to present, due to the economic crises. (Source: zf.ro)