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Articles - commercial centres

Immochan Romania wants to open Coresi Brasov in March 2015

The EUR 60 million first phase of the Coresi Brasov real estate project will be delivered in the first quarter of 2015, probably March, said Tatian Diaconu, general director of Immochan Romania, the project’s developer, in a press conference today.

Retail Projects Investments In Romania, Less Than 1 % From The European Total

The investment volume in retail sector in Romania represents less than 1% of the total volume registered in Europe in 2013.

AFI: We open the mall in Bucurestii Noi at the same time with the underground

AFI Europe plans to open the mall in Bucurestii Noi at the same time with the inaugurations of the metro line in the area.

Plaza Centers postpones again the completion of its projects

Plaza Centers estimates the completion date of only three Romanian projects, the project Casa Radio, the mall in Timisoara and the project Cina Plaza in Bucharest, the other mall projects which appeared in the 2012 financial report with completion dates in 2015 or 2015 are now shown in the report as being in the feasibility study phase.

Militari Shopping Center value depreciated with EUR 6 million

The net revenues of Atrium European Real Estate from the renting of the commercial centre Militari Shopping Center have stagnated last year to EUR 6.4 million, the project being reevaluated down with nearly 8% compared to the end of 2012.

Bucharest’s AFI Palace Cotroceni increases income by 6.5 pct in 2013

The AFI Palace Cotroceni shopping mall in Bucharest increased its net operating income by 6.5 percent in 2013, above the initial target, to a total of EUR 28.7 million, announced today representatives of AFI Europe Romania, the project’s developer and property manager.

Băneasa Shopping City attracts new tenant, Polish cosmetics manufacturer Inglot

Polish cosmetics manufacturer Inglot opens its first Romanian store in Băneasa Shopping City, the banner with the name of the brand being already displayed at the entry in the premises.

Argo’s Romanian centers drop in value

The shopping centers owned by the UK-based Argo Real Estate Opportunities Fund were assessed at €330m at the end of 2013, down by about €7m from the previous year.

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