The revenue stood at RON232.6 million, 5% higher than in 2016. The profit margin was therefore 35%, continuing the upward trend that started in 2014.
This is the highest profit and the highest revenue the company has posted in the past nine years. Baneasa Developments’ revenue comes from the rent paid by the retailers in the shopping area, which includes the mall and the Feeria shopping gallery.
Baneasa Developments’ sole owner is Spesso Trading Limited, a Cyprus-based company, according to the latest Trade Registry data. It is indirectly held by businessman Puiu Popoviciu.
Baneasa Shopping City ranked first among shopping centers by revenue derived from rent paid by retailers in 2016. Tenants include Peek & Cloppenburg, Collective, Chopard and Massimo Dutti. (EUR1-RON4.6485)
(English version by Loredana Fratila-Cristescu)