SHOPPING CENTER
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Dascalu's Malls Bring Revenues Of EUR40M In Nine Months
The malls own by Romanian businessman Iulian Dascalu recorded a cumulated turnover of almost EUR40 million in the first nine months of the year.
Italy’s IGD Wants To Modernize Its 15 Romanian Shopping Centers For EUR12M
Italian company Immobiliare Grande Distribuzione (IGD) will invest EUR12 million in modernizing the 15 Winmarkt shopping centers it owns in Romania, and plans to sell one of them and an offi...
Mall Opening Frenzy Runs Out Of Steam
Only one mall is expected to open on the local market by yearend, the Ploiesti Shopping City, an investment of EUR65 million.
Echo Investment To Start Construction of Shopping Center In Brasov
Polish real estate developer Echo Investment said Tuesday it will soon start the construction of shopping center Korona in Brasov, central Romania.
AFI Palace Cotroceni Head Says Mall Still Far From Reaching Peak Traffic And Revenue Potential
The sales of stores in shopping center AFI Palace Cotroceni in Bucharest, owned by AFI Europe, rose by 9% in the first half to EUR91 million. Calculated in lei, the sales of the mall went up...
How Cocor Went From Making Profit To Falling Behind With Its Loans
Four years ago, when the old Cocor store closed for an extensive upgrade program, it was over 90% rented and the average rent stood at EUR47 per square meter. Cocor Bucuresti (COCR.RO), whic...
Iulius Group Inaugurates Commercial Center Palas Iasi Thursday
Romanian realty developer Iulius Group, owned by businessman Iulian Dascalu, will open Thursday multifunctional commercial compound Palas Iasi, following an investment of EUR265 million fina...
Unirea Rent Down 28% Against 2008 Despite Big Fashion Retailers Joining Ground Floor
At the entrance to Unirea shopping center next to McDonald’s, one of the most popular meeting places for young people in Bucharest, customers continue to flock 5-10 minutes before 10 AM, wai...
Overview Of Works On Four EUR400M Shopping Centers In Bucharest
Shopping center developers continue investments in Bucharest, with intensive work recorded on three of the city’s construction sites, where cumulated investments are worth around EUR150 mill...