RED not to develop shopping centre in Bucharest, yet - Azi

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RED Management Capital, with a 350m-euro portfolio on the domestic market, which includes 22 properties, is present in Bucharest only through a partnership for a housing complex.

Despite being one of the most dynamic shopping centre developers outside Bucharest, the company, held by US and Spanish funds Warburg Pincus and GED, as well as by managers holding minority stakes, has not started a project of this type in Bucharest, where the population has the biggest purchasing power. "No matter how...

Read the whole story in: Ziarul Financiar