27 million euro mall in Pitesti

AWS Singapore Properties SRL, a company owned by a Middle-Eastern businessman, will invest more than 27 million euros in the construction of a mall in Pitesti, close to the Metro supermarket.

The company, set up this year, belongs to Bin Shabib Abdulwahed Ahmad Rashed, a United Arab Emirates businessman, according to the Trade Registry, and has a share capital worth 150,000 dollars. The company acquired the land in February at an average price of 4 euros per square metre.

“The building will take up about 60,000 square metres, while the parking lot will be of 10 hectares, accommodating 4,000 cars,” Dorinel Branescu, marketing manager, told Ziarul Financiar.

At the centre of the mall there will be a 600 square metre skating rink, the shopping centre’s intended main attraction. The mall in Pitesti will have furniture and home appliances marketing areas, a special entertainment area where visitors will be able to enjoy snooker, bowling, a children’s playground and an Internet cafe. The mall will also have a multiplex cinema, with six halls each of 400 square metres.

The mall will host about 400 firms, with a third of the commercial space having already been rented, at a price ranging between 6 and 12 euros per square metre for a hypermarket and 30-35 euros per square metre for a fast-food outlet. “We plan to bring the entire retail segment here, so that customers will be able to find everything, from A to Z,” Branescu said.

He added that the investors were currently in talks with Romanian companies that would take part in the construction of the complex.
andreea.paun@zf.ro