The center is set to open in April 2021 following an investment of EUR25 million.
The project has obtained a EUR7.5 million credit line from CEC Bank.
This is the developer’s fifth investment in Romania after the Victoria Park office project in northern Bucharest, Militari Shopping Centre, West Park Retail Militari and Fashion House Outlet Centre Bucharest in the western part of the city.
The center in Fundeni will have a total area of 13,000 square meters and will be developed in two stages. The first stage will be delivered in April 2021 and will consist of a retail area of 8,700 sqm, while the second stage is set to be delivered in 2023.
The first stage of the project is currently 50% pre-leased, the developer said.