“We have decided to target 2021 to launch Colosseum Mall. It is a natural and responsible decision in the current context to lower risks for ourselves as developers and for the brands that have joined our project,” said Mihai Dinu, general manager of Colosseum Mall.
The Colosseum Center initially opened nine years ago and is currently undergoing expansion works in a EUR30 million investment. Over 85% of the additional area has been leased. Following expansion, the shopping center will reach a lettable area of 54,500 square meters.
Colosseum is developed by Nova Imobiliare. Expansion works started at the end of 2018 after the developer secured financing of EUR23 million from Credit Europe Bank.