CITR, the insolvency and restructuring market leader in Romania, supports the local cultural landscape and ensures the continuity of activity for the Sibiu-based Fabrica de Cultură, held by Construcții S.A., currently in reorganization, through a successful sale to the Sibiu City Hall, for EUR 5.29 million.
“We are successfully completing a project aimed at saving an internationally acknowledged space with strong influences in our cultural landscape. We are talking about the continuity of a place hosting famous theatre plays, including Faust, a landmark performance for the Radu Stanca National Theatre of Sibiu. We are glad that we could maintain this objective in the cultural circuit, with support from the representatives of Construcții SA, and we are sure that its new owner – the Sibiu City Hall, together with the Radu Stanca National Theatre, will take the already established project of “Fabrica de Cultură” to the next level,” declared Călin Părău, Head of Commercial, CITR.
The asset includes a 34,000 sqm plot within the built-up area, and constructions with a total area of 6,776 sqm.
