9 new RETAIL projects for the years to come

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Merry Christmas everyone!

2011 is about to end so this seems like a good moment to draw the line and look at the present situation in Romania. It appears that the period of decline has ended and there is cause for sustainable growth in the up-coming months and years, although the country still faces challenges in the future. One thing is clear: the only segment in Romania that is really advancing is RETAIL. The conclusion is that when someone knows what he wants to do and is well prepared, Romania gives him the opportunity to develop a successful project. Below you will find a list of retail projects that will be developed in the following years, an early Christmas present from me to you that I will touch upon more in the coming year.

As this will be my last post of 2011, I would like to take this opportunity to wish you a warm and happy Christmas and a peaceful and prosperous New Year. I hope you and all your coworkers, family, and friends have a lovely holiday season filled with joy and meaning. See you in 2012 with more posts and news from the real estate industry.

 

Major RETAIL projects to be completed in Bucharest during 2012 – 2016

NR.

PROJECT

LOCATION

DEVELOPER

SURFACE

ESTIMATED INVESTMENT

ESTIMATED TERM OF DELIVERY

1

Floreasca City (Sky Tower; Office Wing; Promenada Mall)

Centre-North

Raiffeisen Evolution

140,000 sqm

250.000.000 euro

2012 – 2013

2

Colosseum Bucuresti

Chitila, Bucuresti

Nova Imobiliare

137.000 sqm

350.000.000 euro

2012 – 2016

3

Victoria City Center

Bucuresti

CD Capital Partners and Benevo Capital Corporation

10.500 sqm

150.000.000 euro

2013

 

4

Park Lake Plaza

Bucharest (Titan Park)

Caleum Development

70.000 sqm

250.000.000 euro

2013

5

Mall

Bucharest, Colentina

K&S Development

35.000 sqm

100.000.000 euro

S2 2013

6

Mall AFI Palace B. Noi

Bucharest, Bucuresti Noi

Afi Europe

30.000 mp

60.000.000 euro

2013

7

Mall Galleria

Bucharest, North

GTC

2013-2014

8

Mega Mall

Bucharest, Pantelimon (plot of ex-Electroaparataj factory)

Real 4 You

70.000 mp

400.000.000 euro (announced in 2008)

2013-2014

9

Pallady Shopping Center

Bucharest, East

Avrig 35

97.000 mp

80.000.000 euro

Project uncertain

 

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