MegaMall will have a surface of 70,000 square meters. Consultancy firms Colliers and DTX Echinox are co-exclusive rental agents for the four MegaMall projects in Romania.
The issue of authorizations for the plot enabled the developers to estimate the start of construction in the second half of this year.
Real4You Group announced it plans to develop several malls outside Bucharest as well, in cities such as Satu Mare, Focsani and Targu Mures, under the Mega Mall brand. The malls outside Bucharest will have surfaces between 18,000 and 22,000 square meters each.
Outside Romania, Real4You plans to build a MegaMall unit in Bulgaria, in February 2012.
Austrian Real4You Group was founded in 1995 and it is active in Austria, Romania, Hungary, Slovakia, Bulgaria and the Czech Republic.
In Romania, Real4You Group developed 21 MiniMax stores and three retail parks.