The investor intends to develop a mixed project (offices, residential and retail), with a maximum height of 17 floors.
Michael Topolinski initially bought the former Dacia Textile factory for 40 million euros and planned to build a mall with a loan from Alpha Bank, together with two former directors of TriGranit and with NEPI, but the start of the construction was postponed until the bankruptcy started.
In February 2019, Alpha Bank sold its debt to Balbec Capital. During the bankruptcy years, the land of the former factory in Bucharest was auctioned several times, starting with a price of 24 million euros and gradually decreasing to 18 million euros. (source: profit.ro)