Revetas Capital is in advanced talks to buy Vitantis Shopping Center from Equest Balkan Properties. The Bucharest retail project has accumulated debts of more than €44m. Key tenants at the center, which offers 36,000 sqm of leasable space, include Carrefour, Praktiker, Domo and Casa Rusu. Equest Balkan Properties bought the shopping center in 2006 for €31.6m and has invested more than €30m into the property through a loan obtained from UniCredit Bank. Revetas Capital specializes in the acquisition of distressed assets.
