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Galan shopping center sold

Foreign company Franco Real Estates bought the 11,000 sqm Galan shopping center near the Bratislava airport for €7m. The center has been being auctioned off by Dražobná spoločnosť since this February, and the initial asking price was €16m. The new owner plans to use the building for stores, but would not disclose any details. The center, which sells furniture and accessories, was built by Peter Galan in 2004-07 using a VÚB bank loan. It got into trouble due to competition from other furniture retailers and the economic slowdown after 2009.

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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