According to data presented by real estate consulting firm CBRE Romania in March, the shopping center has a lettable area of 18,000 square meters and an occupancy rate of 80%. The investment was worth EUR58 million.
The shopping center includes a Cora hypermarket and a commercial gallery with over 50 stores.
Cora will open its 12th hypermarket this year, in the southern city of Ploiesti. The store will be hosted by a shopping center developed by Israeli company AFI Europe.
The retailer’s local network currently includes 10 hypermarkets, four in Bucharest and six in Cluj-Napoca, Baia Mare, Arad, Drobeta Turnu Severin, Constanta and Bacau.
Last year, the European Bank for Reconstruction and Development said that, together with ING and Rabobank, would grant a syndicated loan of up to EUR210 million to group Louis Delhaize to build 17 Cora hypermarkets in Romania.
Cora Romania registered sales of 1.6 billion lei (EUR359 million) in 2012, up 6% on the year, after opening two new units.