Thus, River Plaza Mall will reach an 85% occupancy rate by Christmas, the company said.
The companies which opened stores in River Plaza Mall are Adidas, Intersport, Exit9 (clothing), CCC (footwear), Claire (accessories), Oni’s (accessories), La Cucina di Maria (restaurant) and Line Cinema, and Tao Ice Land skating rink.
Sonae Sierra started this year the construction of a new shopping mall in Bucharest, ParkLake, in partnership with Caelum Development, an investment worth EUR180 million. The project is scheduled to be completed in 2016 and will have approximately 200 stores.
The Portuguese group entered the local market in 2007 and also owns land plots to develop shopping malls in Ploiesti and Craiova, but the company postponed their development on lack of financing.
Sonae Sierra owns 47 shopping malls and manages 83 such projects in 14 countries, whose market value exceeds EUR5.6 billion.