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 |
Similar Posts:
- The Colosseum project changes leasing agents
- The Colosseum project changes leasing agents
- Comment of the day: Grand Cinema Digiplex opens at Baneasa The retail map of Bucharest changes again
- NEPI enters joint venture for the development of Victoria City Center in Bucharest
- Benevo investment fund buys former Vulcan factory in Bucharest for new retail park
[relevant-to-adsense]
About Ilias Papageorgiadis
Few days ago, on Tuesday, I had presented to you an interview of Mr Gavin Ryan, an expert in Private Equity and Venture Capital Funds. As far as I understood from your feedback, this subject was really interesting for you, as the official information about this segment is really limited. This is why I decided to address to Mr Ryan again, summing some of your questions and adding some new ones. This domain is really interesting and I think that it worths to know ... 
