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AFI Europe Posts EUR26.9M Income From AFI Palace Cotroceni
Real estate developer AFI Europe Wednesday reported net operating income from AFI Palace Cotroceni mall in Bucharest rose to EUR26.9 million in 2012, from EUR24.6 million a year before, fuel...
NEPI Plans To Build A Mall In Bucharest And Become Largest Office Owner
Martin Slabbert, CEO of South African investment fund NEPI, is perhaps the only investor in Romanian real estate who can say about the last five years that they have been “great”.
Cora To Open Its First Romanian Mall In April
Cora, which operates a hypermarket chain in Romania, will open its first local mall in Constanta (SE Romania) in April.
Insolvent Grand Arena Mall Announces New Major Tenant
Shopping center Grand Arena in southern Bucharest went insolvent at the end of last year as a result of the petitions of three construction companies. “We don’t owe a single leu,” say the ow...
Echo Investment To Start Work On Brasov Mall In Summer
Echo Investment, controlled by billionaire Michal Solowow, the third richest man in Poland, has announced the start of works on the EUR100-million Korona Brasov mall, for which it bought lan...
Cora’s Mall In Constanta 70% Complete, Set To Open In 2013
Retailer Cora Romania, which has a nine-hypermarket network, will open its first mall on the local market in Constanta (southeastern Romania) next June, following a EUR70 million investment.
First Malls Ever Opened In Romania Get An Extension
Bucuresti Mall and Plaza Romania, the first modern malls built in Bucharest will go through a new development phase and get a 20% lettable area extension.
Carrefour Signs Lease Agreement In Korona Mall, Brasov
French group Carrefour Monday signed an agreement concerning a 8,500-square meter leasing area in Korona entertainment and shopping centre in the central town of Brasov, developed by Polish...
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.