Eastern Bucharest, the area where Mega Mall is situated is the less developed in terms of commercial developments, currently missing a dominant project. In this area there are two projects announced, Parklake Plaza, of Sonae Sierra, to start next year and Mega Mall, which could start in 2013. Mega Mall started this year with a positive feeling, with new leases already signed and some other on-going. Among the anchor tenants of Mega Mall there are: Carrefour hypermarket, Flanco and Altex and international fashion anchors such as C&A, H&M, Kenvelo, Lee Cooper, Tom Tailor, Bata, Benvenuti, Celio, Lashez, MOA, Office Shoes, as well as the entertainment operator Slot Point Casino. Mega Mall has designated Colliers International and DTZ Echinox as leasing agents for the project. “More than 15,000 sq. m are already in advanced negotiations. At this moment we estimate that the project will reach more than 50% occupancy rate in the following months,” has declared Liana Dumitru, associate director of Colliers International Romania. The project has a total of approx. 70,000 sq. m and has obtained its construction permit in November 2012. Real 4 You plans to start the construction as soon as the occupancy rate will reach 50%. Mega Mall benefits from a privileged location, at the crossroad of Iancului and Pantelimon Roads on the former industrial platform of Electroaparataj. This will be the first modern retail scheme dedicated to the inhabitants of the Eastern Bucharest, and it is positioned as entertainment and shopping attraction for 900,000 inhabitants (including the secondary zone). "PThe project is easily reachable by common transport and will be also served by the future metro line, in project," has declared Razvan Sin, head of retail department, DTZ Echinox. Grupul Real 4 You will develop, apart from Mega Mall in Bucharest, several commercial centres in Romania, in cities such as Satu Mare, Focsani and Targu Mures, under Mega Mall brand. The centres will have between 18,000 and 22,000 sq. m each and will be anchored by a hypermarket or a supermarket, Both real estate consultants acts as co-exclusive agents for all Mega Mall projects in Romania. (source: wall-street.ro)
Construction works for Mega Mall could start in few months
The project Mega Mal, developed by Real 4 You group in Bucharest estimated an occupancy rate of 50% in the next few months, which will allow the Austrian developer to start the construction works.
