If at the end of last year, RVA Specialist Insolvency put on auction the mall in construction with an area of over 12,800 sqm and a land of nearly 22,000 sqm for the price of EUR 1.62 million, for the auction of last month the price was reduced to EUR 1.46 million.

Currently the new price is EUR 1.29 million without VAT. That means a reduction of 20% compared to the selling announcement published by RVA in December last year.

The auction will start on 4th of July, at 13h00, at the RVA headquarters. If the auction will fail again, the procedure will repeat weekly, at the same day and time.

The opening of the mall in Focsani was scheduled for 2009. But at the end of 2010, Omnium Invest has changed the strategy and aimed for the transformation of the mall into food market. But his solution failed too and in the spring of 2011 the company went bankrupt with over 55 million lei (EUR 13 million) debts.

Omnium Invest is owned by Waverunner Corporation (50%), with its headquarters in Wien, Austria and by George Steinberg (50%), Israeli citizen, according to the data from Trade Registry. (source: economica.net)