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Articles - commercial centres

EUR 20 million capital increase for the company controlling Sun Plaza in Bucharest

Austrian company S Immo has increased with EUR 20 million the capital of the company Societate Dezvoltare Comercial Sudului (SDCS), which controls the commercial centre Sun Plaza in Bucharest’s district Berceni.

Romanian investor expands his new mall due to high demand

Romanian investor Florin Pogonaru has decided to expand by 16% the area of his Veranda shopping center, which he develops on a 4.5-hectare plot near Bucharest’s Obor market.

New shopping center to be opened in Romania’s Timisoara in 2017

Alpha Group Investments, a unit of Greek lender Alpha Bank, and Ali Ergun Ergen have obtained the building permit for Timisoara Centrum, a new mixed real estate project in Timisoara, western Romania.

Biggest mall owner in Romania plans to build mall in small city

South-African real estate developer NEPI plans to build a shopping center in Ramnicu-Valcea, after signing a pre-contract for the purchase of a 12-ha plot in the city. The plot belongs to Belgian real estate developer BelRom.

Carrefour signs with Canadian investor to open new hypermarket in Bucharest

French retailer Carrefour has agreed with Romanian-Canadian group Benevo, owned by the Canadian investor Michael Topolinski, to open a new hypermarket in the Victoria City shopping mall.

Bucharest mall developers get EUR 83 mln loan

Real estate developers Sonae Sierra and Caelum Development will receive a EUR 83 million loan from the Austrian Bank Hypo NOE Gruppe Bank, thus securing their financing to build the ParkLake mall in eastern Bucharest. Hungarian bank OTP Bank and its local subsidiary will guarantee the loan.

Alpha Property expects 8,000-10,000 daily visitors in Pipera Plaza

Alpha Property Group, part of Intercora group, and Marius Ivan have opened on 10th of September the project Pipera Plaza and expects 8,000-10,000 daily visitors in the commercial centre in Pipera area.

Bog'Art named general contractor for Veranda Mall

Bog'Art was named general contractor for Veranda Mall, which will go up near Bucharest’s Piata Obor district. Completion is set for fall 2016.

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