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Articles - commercial centres

AFI Palace Cotroceni invests EUR 1.5 mln in mobile proximity marketing platform

AFI Palace Cotroceni is the first shopping mall to use a mobile proximity platform, allowing brands to interact in real time with customers, according to company representatives.

Plaza Centers secures financing for Timisoara Plaza

Plaza Centers secured funding for 65 percent of the development costs for Timisoara Plaza. Construction could start by the end of the year.

Lone Star prepares the selling of Galleria Arad and Piatra Neamţ

Real estate developer Globe Trade Centre (GTC), whose sole shareholder is the American giant Lone Star, has restructured the credits from EBRD, took for the development of the malls Galleria Arad and Piatra Neamţ, movement that allows the company to continue the “cleaning” process of underperforming assets, a category which also includes the two projects.

NEPI expands Severin Shopping Center

Real estate investment fund New Europe Property Investments (NEPI) announced today the expansion of the Severin Shopping Center mall.

Top of Bucharest commercial centres: Baneasa, AFI and Unirea leaders according to rent

The 16 commercial centres in Bucharest have a total area of 1 million square meters and have exploitation incomes of 800 million lei/year. Mall sales represent 5.3 billion lei per year.

ParkLake announces advanced construction state

ParkLake, the EUR 180 million shopping mall developed by Sonae Sierra and Caelum Development in Bucharest’s District 3, announced that construction work is continuing and that structural building is now “in advanced state”.

AFI Europe invests EUR 15 mln to expand shopping center in Bucharest

Real estate developer AFI Europe Romania will invest EUR 14-15 million in expanding the AFI Palace Cotroceni shopping center by some 8,000 sqm.

Romanian mall occupancy rate halves after hypermarket closes down

The occupancy rate of the retail center Galleria in the western Romanian city of Arad will go down by 50% starting June, according to market sources quoted by Mediafax.

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