“Retailers like Romania not because they can stay in malls free of charge for a while, but because they sell,” Shonn told ZF in an interview.
The 41 year-old American manages around EUR300 million worth of projects in Sibiu, Suceava, Oradea, and Iasi, where it has tenants such as Carrefour, Real, Bricostore, BauMax, Mobexpert, Decathlon, and C&A and is looking to attract strong retailers to increase sales and rent income.
The four projects attract around 60,000 visitors daily and last year generated over EUR15 million in rent revenue, according to ZF calculations.