American entrepreneur Daniel Cocanougher enters the Romanian real estate market by acquiring 50 percent of each of the two companies used by businessman Iulian Dascălu to develop the Family Market shopping centers in Miroslava and Bucium.
The American investor entered the two projects together with the entrepreneur Ilie Ghiciuc, and the value of the transaction is estimated at EUR 14-15 million. Ghiciuc is the founder of the tech company Thinslices, with operations in Iasi, Berlin, Lisbon and London.
The Iulius Group, owned by Iulian Dascălu, inaugurated in 2022 the two Family Market projects in which it announced cumulative investments of EUR 24 million. Family Market in Miroslava commune has a leasable area of 7,000 sqm, and Family Market in Bucium has a retail area of 5,500 sqm.
Source: Profit.ro
