GTC Romania said it is planning to develop about 10 to 12 shopping centres in Romania within the next four years. The company also said it is starting the construction of three shopping malls in Buzau, Piatra Neamt and Suceava in Romania under the common brand Galleria. Completion for the 50,000 m[sup]2[/sup] buildings is scheduled for the end of 2007. The centres will be all anchored by a SPAR supermarket.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
