City Mall to reconvert to office building
Greek businessman Ioannis Papalekas will complete this year the transformation process started last year.
The office area will totalize more than 20,000 sqm on 1st to 3rd floor, while the ground floor will include a small commercial gallery, where Mega Image already opened a supermarket this year. The landlord already started the rent process, the premises being suitable for backoffice activities, due to the large areas. City Mall, located near Bellu Cemetery in Bucharest, went bankrupt in November last year, having EUR 76 million liabilities. The building has a total built area of 31,000 sqm, with 19,000 sqm leasable area.
Papalekas office portfolio includes Tower Center and Cathedral Plaza, both properties being bought this year. (source: economica.net)