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Timisoara To Get Three New Malls In Three Years
Three shopping centers totaling more than 150,000 square meters will be built in Timisoara over the next three years, following more than EUR200 million investments, according to ZF estimate...
Bucharest’s 16 Shopping Centers Posted RON800M Revenue In 2014
The 16 shopping centers in Bucharest, among which Baneasa Shopping City, AFI Palace Cotroceni, Sun Plaza and Bucuresti Mall, generated more than 800 million lei (EUR178 million) in revenue l...
Vizel, AFI Europe: Bucharest Market Not Oversaturated With Malls
Bucharest’s mall market is not oversaturated, despite the openings in the last few years, says Israel Vizel, the manager of the shopping center division of AFI Europe, the owner of AFI Palac...
Builder Bog’Art Sees Revenue Up 45% In 2014
Builder Bog’Art SRL of businessman Raul Doicescu ended 2014 with more than 585 million lei (EUR131 million) revenue, up 45% on 2013 and its highest in six years, according to Finance Ministr...
Pogonaru Family Awaits Bids From Builders To Erect Veranda Mall
Businessman Florin Pogonaru’s family, which plans to develop a shopping center called Veranda on a 4.5-ha land plot close to Bucharest’s Piata Obor, launched the auction for the selection of...
Immochan Set To Open Coresi Shopping Center In The Wake Of EUR60M Investments
Immochan, the real estate arm of Auchan group, will open shopping center Coresi on Brasov’s Tractorul platform this Friday in the wake of investments worth EUR60 million. Tatian Diaconu, the...
Debenhams Invested EUR1M In Bucuresti Mall Store
British retail group Debenhams, which had left the Romanian market 18 months ago, has invested over EUR1 million in the 2,800-square-meter store it will open on March 26 in Bucuresti Mall.
AFI Could Compete Against Immochan In Brasov
AFI Europe has signed a preliminary agreement to acquire the land owned by retailer Cora in Brasov, where it plans to build a retail center, as Auchan's real estate division Immochan is laun...
Construction Works On ParkLake Shopping Mall Set Off
Portugal’s Sonae Sierra and Ireland’s Caelum Development have chosen the builder of the ParkLake Plaza shopping mall in Titan district in eastern Bucharest, which has been installing cranes...