Volumetric sells 10,600 sqm of land to Billa, Penny Market

by   CIJ News iDesk V
2014-10-22   11:52
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In a deal worth €3m, Volumetric sold 10,600 sqm of land in Brasov to Billa and Penny Market. The Spanish company sold 3,600 sqm to Billa and 7,000 sqm to Penny Market. Volumetric still owns approximately 30,000 sqm on Spicului street and plans to develop the land into residential or commercial space. Jordi Sans, the company’s real estate general manager, said it isn’t beneficial to build residential projects right now, so Volumetric will concentrate on developing smaller projects.