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Bucharest’s Shopping Center Stock To Reach 1 Mln Sqm Next Year
The shopping center stock in Bucharest (malls, retail parks and shopping galleries) will reach one million square meter lettable area next year, sixteen years after the opening of the city’s...
NEPI Invested EUR500M In Malls In Five Years
South African-held commercial property company NEPI has become the largest owner of shopping centers in Romania and now owns about 350,000 square meters of lettable space, according to a ZF...
Promenada Mall Sees EUR80M Sales After One Year In Business
Promenada Mall, opened near the Aurel Vlaicu subway station in northern Bucharest last October, following a EUR130 million investment, has mostly reached the targets set for its first year i...
Argentopoulos, Baneasa: Retailer Sales Up Because Of Rise In Traffic
George Argentopoulos, the chief executive officer of the company managing the Baneasa Shopping City project in northern Bucharest, says he did not see any rise in average spending in the fir...
Former Armonia Braila Mall To Get New Lease On Life As Production Facility
The former shopping center Armonia in Braila, closed in 2009 after a EUR45 million investment and nine months in business due to poor sales, will most likely be turned into a production faci...
Anchor: Subway, CCC, Brioche Dorée, New Tenants Of Bucuresti Mall, Plaza Romania
Real estate developer Anchor Grup announced new tenants for shopping centers Bucuresti Mall and Plaza Romania, currently undergoing a remodeling process, which include Subway, Ecco, CCC and...
Prodplast Owner Seeks EUR35M Loan To Build Shopping Center In Bucharest
Romanian businessman Florin Pogonaru wants to borrow EUR35 million to finance the building of a shopping center in Bucharest via his real estate firms Prodplast Imobiliare, whose share capit...
20 Most Debt-Laden Malls Owe EUR2B
The 20 most debt-laden shopping centers in Romania owe EUR1.9 billion together, ten times the revenue they posted last year, due to the high loans they took out during the boom days of the l...
Romania’s Top Ten Malls Posted EUR190M Revenue In 2013
Ten shopping centers in Bucharest and in the rest of the country posted some EUR190 million revenue together last year, while the sales of their tenants can be put at EUR1.4 billion.