The two investors started preparing the project in 2007-2008, and earlier this year started work on the mall, which will have a 70,000 square meter lettable area. The first phase of the construction work was done by Apolodor and Soletanche Bachy and the developers chose another builder to see the mall through completion. Total investment is estimated at EUR180 million and should be completed in 2016.
“We chose the builder and are working out the final details of the contract,” the officials of Sonae Sierra told ZF. They will not reveal the name of the contractor until the ink is dry on the contract.
Carrefour is a party to this project, as well, after having bought the 12,000 square meter space allocated for a hypermarket in the new mall this fall.
The two groups that have developed dozens of malls together in Europe hope to see the mall near the Titan Park reach EUR200 million annual sales.
(English version by Loredana Fratila-Cristescu)