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.
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