A project with a rentable area of around 10,000 square meters will be developed on the structure of the old marketplace and in some new commercial spaces built from scratch, real estate market sources told ZF.
The project will address both the several thousand employees working in office projects Global City, Swan, North Center, North Gate or Cubic Center closeby, and Pipera residents.
Shunned by hypermarket networks because of the high prices of land plots, Pipera has in recent years attracted several supermarket networks owing to the above-average purchasing power of the area’s residents. Nevertheless, the residents’ main destination for weekend shopping is still Baneasa project.
The first stage of Pipera Plaza, with an area of around 7,000 square meters, is reportedly due to be opened in May. In parallel, 4-5 independent stores will be built and opened subsequently.
Overall, the project will have around 20-30 tenants, including supermarket chain Lidl, apparel retailers Takko and Pepco, drogerie markt personal care network, as well as Starbucks, Saladbox or Dinner Food.
In Romania, Czech group InterCora developed tens of shopping centers for retailers such as Kaufland, Lidl, Deichmann, Takko and others.
(English version by Catalina Apostoiu)