Project developer is Cocor SA, the company who owns the Cocor (Crane in engl.) department store, a 35 years traditional apparel store which is located on the zero Kilometer of Romania from which are measured all the road distances to Bucharest.
Cocor SA is a public company listed on Bucharest Stock Exchange, (COCR.BRQ-Reuters) with no controlling shareholder see www.bvb.ro.
Cocor’s Market capitalization is 35 mil euro, registered a 300% stock appreciation in the last 3 years, a 3 mil euro EBITDA for 2007, 15% growth over 2006. Cocor group also controls a 4 star hotel on Black Sea Neptun resort www.hotelcocor.ro which has 120 rooms and where the company develops a luxury wellness center to be launched this summer.
Cocor will own the largest LED installation (500 sqm) on a single building in Continental Europe (after Piccadilly Circus, London)
These investments will transform the Cocor Luxury Store in an exclusivist commercial center, one of the most successful in New Europe.
Web : www.cocor.ro