Lion Capital, a public financial investment company, has purchased a land plot of 11 hectares in western Constanța in a deal valued at more than €10 million.
The land was purchased by a subsidiary of Lion Capital from construction firm COMCM, which is owned by Transilvania Investments and the Frățilă family, reported profit.ro. The transaction was brokered by Crosspoint Real Estate.
Several warehouses are located on the land plot and the new owner aims to start a new development featuring residential units and retail spaces.
In the past years, Lion Capital has made two large land purchases in Bucharest in former industrial areas. In 2020, the company bought the industrial platform IMGB for €40 million. In mid-2022, Lion Capital purchased another land plot in the city on a former industrial site for more than €33 million.
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