News Article Alpha Bank investment land Lidl retail Romania shopping Timisoara
by Property Forum | Investment

Alpha Bank Romania has sold a 60,000 sqm plot of land in Timișoara to German retail chain Lidl and two other investors. The Romanian bank previously planned to develop a shopping centre there, Ziarul Financiar reported.

Part of the land was sold to Lidl, another part to a local residential developer and the rest to a third investor, who will also build residential or commercial properties.

Alpha Group Investments, in partnership with businessman Ali Ergun Ergen, announced plans to develop a €90 million shopping centre (Timisoara Centrum) back in 2016.