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Articles - commercial centres

Immochan Started the Construction of Coresi Braşov Commercial Centre

Immochan, the real estate division of the Auchan group, started in Brasov the construction of the commercial centre Coresi, to include 130 stores, 6,000 sq. m entertainment area and the biggest Auchan hypermarket in Transylvania, with an investment of EUR 60 million.

Chinese investors turning to CE

More Chinese investors are turning their attention to Central Europe, after recently closing their first deal in the region: Silesia City Center, a shopping center in Poland, was sold at a price equivalent to almost EUR 400 million.

Works Started for Mega Mall near National Arena

South-Africa’s NEPI, one of the most active investors on the local real estate market in the last year, has started to gather the construction equipments on the former platform Electroaparataj in Bucharest.

New Mall and Office Tower in Bucharest’s Bucurestii Noi district

Canadian company Benevo will start in the beginning of next year the construction of the mall Victoria City, on the former platform Textila Dacia, also intending to develop, in the second phase, an office building with 11 floors.

Last Mall to Open in Romania by the End of 2013

South-Africa’s investment fund NEPI will open next month the mall in Galaţi. This is the last project announced to be opened this year.

Jones Lang LaSalle: A Quarter of the Commercial Centres Need Modernization

One of the reasons why the commercial centres in Romania currently face difficulties is that they did not adapt themselves to the retail market changes and didn’t take measures for their projects’ modernization, has declared Carmen Ravon, head of retail department within Jones Lang LaSalle (JLL).

Inditex, First Tenant of Coresi Project in Brasov, Rented 6,000 sq. m for 6 Stores

Spanish group Inditex rented 6,000 sq. m in Coresi commercial centre in Brasov, developed by Immochan.

NEPI to buy Mega Mall project on former Electroaparataj factory plot

Real estate investments company New Europe Property Investments Plc (NEPI) has signed an agreement for the takeover of 70% of the company ELJ VATRA SRL. This is the owner of the land where Mega Mall Bucharest will develop, on the plot of the former Electroaparataj factory.

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