Festival Shopping Center will be located in the city center, will have a rentable area of 42,000 square meters and will require investments of approximately EUR70 million. It will include a hypermarket and 160 commercial spaces.
Primavera Development is controlled by Tanasoiu family and Dutch Ellko Kortaweg and has developed so far several projects on the local market, such as Frumoasa Office Building, Danone headquarters, business park S-Park. The company also developed logistic spaces of over 10,000 square meters in eastern Bucharest and a residential compound in northern Bucharest.