Owners of Romania’s largest DIY chain to further expand into real estate

Romanian investors Dragos and Adrian Paval, the founders and owners of the largest Romanian DIY chain Dedeman, signed with NEPI-Rockcastle and local entrepreneur Ovidiu Sandor an agreement for the acquisition of The Office office building in Cluj-Napoca, unofficial sources told local Ziarul Financiar.

The deal, which was not completed yet, is evaluated at around EUR 100-130 million, making this the biggest office deal outside Bucharest, the daily reported. Romanian billionaire Ion Tiriac was also interested in The Office building, according to previous data, quoted by Romania-Insider.com.

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