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Articles - commercial centres

Demand for retail space to go up in 2015, says DTZ Echinox

After four years during which most retailers have concentrated on consolidation and brand repositioning and less on expansion, 2014 has seen a more dynamic evolution which is expected to continue this year as well, according to representatives of real estate consultancy firm DTZ Echinox.

JLL: Bucharest ranks 30th in the top European retail destinations

Bucharest ranks 30th among the most attractive 57 cities in Europe in terms of the interest of international retailers for expansion, after Budapest and Warsaw, and 25th as regards luxury brands, according to a cross-border retailer index compiled by global real estate adviser JLL.

Auchan acquires EUR 20 mln shopping center in Pitesti from Rolast

Real-estate rental specialists Rolast have sold a shopping center in Pitesti to Auchan Romania for EUR 20 million.

Austrian constructor to build the EUR 180 mln ParkLake mall in Bucharest

The ParkLake shopping center developers, Portuguese company Sonae Sierra and Irish group Caelum, have chosen the Austrian company Strabag to carry out structural work for the mall located in the Titan district of Bucharest, an investment worth EUR 180 million, reports local Mediafax.

Romanian Promenada Mall in Focsani opens leisure area after EUR 0.7 mln investment

A new leisure area, which includes a Colours Cinema, a food court and a space dedicated to children, was recently inaugurated in Promenada Mall shopping center in Focsani, Eastern Romania, after an investment of EUR 700,000.

Immochan already constructed 75 pct of Coresi Mall in Brasov

The Coresi Shopping Resort in Brasov, developed by Immochan, the real estate division of French retailer, scheduled to open next spring, is 75 percent constructed at the end of November, the company announced Monday, quoted by Mediafax newswire.

Adamescu sells 3.6 pct of Unirea Shopping Center stake to stepson For EUR 0.5 mln

Romanian businessman Dan Adamescu has sold a 3.6 percent stake in Unirea Shopping Center to his stepson, Rani Palade, for RON 2.2 million (EUR498,400).

NEPI acquires Promenada Mall for EUR 148 million

South-African investment fund New Europe Property Investment (NEPI) paid EUR 148 million for the Promenada Mall in Bucharest to Raiffeisen evolution, which invested EUR 130 million in the project. The group paid cash from its own funds, writes Mediafax.

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