Citadella Titan

Case status: Bankruptcy

BRC Business Group was founded in 2006 by a group of investors from England, Holland and Israel with the main course of activity targeting residential projects on the Romanian market.

Citadella Titan is a residential compound developed by BRC Business Group in Titan neighbourhood near Auchan commercial centre. The compound covers around 7800 sqm and consists of 2 14 floor buildings with 224 apartments operational since the 2010 spring.

Lately more and more residential developers have requested insolvency due to sales decrease which worsened the bank debt payments. It was BRC Business Group case, a company that entered insolvency in January 2012 and for which BCR requested EURO INSOL as official receiver.