Doraly Expo Market was founded in 1993 and it functions in Afumati, Ilfov county. The business started from the businessman Gheorghe Iaciu that has built commercial areas on 4000 sqm. Meanwhile, the business has developed spontaneously, being evaluated in 2007 at 89 million euros.
The challenge of realizing a well-known commercial complex did not stop here. Willing to obtain cash, Iaciu wanted from in 2006 to attract a partner with equal shares. Thus, after negotiations that lasted for almost 11 months, an end was reached: the partnership with the HSBC British Financial Group (Hongkong and Shanghai Banking Corporation), an important moment in the evolution of the shareholder structure.
From the merging moment, the company finalized several projects established on 23.70 ha land in Afumati: the construction of one building for frozen / refrigerated products with a capacity of 1500 sqm, storage areas – 1300 sqm and a new commercial area pavilion – 17800 sqm.
The partnership with HSBC drove to a more rigorous control of cask flow, the computer system being totally changed. Also, investments in several domains were made: in infrastructure - for connecting the areas belonging to Expo Market Doraly to DN 2 and the ring-road, in supervising equipments and in security. From the customers’ viewpoint, the portfolio realized by Doraly Expo Market represents a success point in the continuity of its activity.
Doraly Expo Market is the most modern wholesale commercial park in Romania, with a surface of 227 160 sqm where over 850 firms are developing their business
HSBC Holdings, the biggest European bank from the capitalization point of view, was founded in 1865, in Hong Kong and Shanghai, under the name The Hongkong and Shanghai Banking Corporation. HSBC is developed at global level (10 000 branches in 83 countries) with over 300 000 employees. According to a statistic made by Forbes magazine, in 2007 HSBC was the most profitable bank in the world and in 2008 it ranked 4 in the world in a top regarding wealth, it ranked 2nd in a top regarding sales and it was the first in terms of its place at the stock exchange.
The British bank HSBC was awarded with several prizes starting with 2003. Financial Times – “The most durable bank of the year that operates on developing markets” and others Fortune magazine – “The most admired bank” and others The Banker magazine – “Bank of the year” and others Euromoney. More information about the prizes can be found on the main website of HSBC.