Jumbo would thus seal its second major deal after taking over OBI DIY stores in 2014. The deal may hit EUR40-50 million, in line with ZF calculations.
In 2019, the center benefitted from a common space refurbishment in the wake of EUR400,000 investments and opened the biggest Auchan supermarket of Romania.
The 25,700-sqm shopping center in 2019 had over 60 tenants from the fashion, food and entertainment industries.
Jumbo, the local subsidiary of the Greek retailer of the same name, reported EUR182 million turnover in 2021. In its annual report, Jumbo announces a supermarket in Romania, its 16th, n Sibiu.
The local subsidiary contributed almost 22% to Jumbo group total revenues.
(English version by Catalina Apostoiu)