Nearly one year after the purchase for EUR30 million of bankrupt project Tiago Oradea, developed by Irish group Mivan, Popoviciu has announced that its tenants will include The Light cinema operator, retailers such as Domo and Famous Brands, which he hopes will revitalize the Oradea mall, an overall EUR50 million investment.
The investment in the project has been financed by UniCredit, the bank that had also financed the mall’s construction “during the Mivan period”, and which has been seeking a buyer for also bankrupt Bucharest’s City Mall for nearly three months.
Representatives of Oradea Shopping City had not provided details on the pre-rental level by edition close. Oradea Shopping City is Oradea’s third shopping mall, and covers 30,000 square meters.
Bogdan Jigman, the man put in charge of the opening of Oradea Shopping City has previously worked as sales and marketing manager of Greek investment fund Bluehouse Capital. Most of the fund’s assets were office buildings (City Gate, Olympia Tower, Victoria Center).
Bluehouse’s main retail property is the former Eva store on the Magheru Boulevard, now without a tenant after Diverta left.