The Galleria Malls from Romania have lost Value

The Galleria malls from the cities of Arad, Piatra Neamt and Buzau, owned by the real estate developer GTC, were valued at the end of June 2014 at 29 million euro, 17% less compared to March, while the office ensemble City Gate from Bucharest lost 1% of its value in the past three months.

City Gate ensemble, the most important asset of GTC in Romania, was estimated at the of H1 at 156 million euro, 1% less compared to the end of March.

The downwards reevaluation of the commercial centers was caused by Read more