86% of Polus Center's space is already rented

Representatives of TriGranit Development Corporation, the developer of the Cluj-based shopping centre Polus, sold to the Immoeast investment fund in a 210 million-euro transaction last year, have announced that 86% of the centre’s spaces had already been leased, with the official opening to take place in October 2007. Among the companies that have signed leasing contracts are Sephora, Marks & Spencer, KFC, Mango, Zara, Lee Cooper and Yves Rocher. The Cluj-based project covers 60,000 square metres. The management of TriGranit also stated that similar projects are scheduled to begin soon in other areas in Romania. “We are mainly looking at cities with at least 200,000 inhabitants, because you need customers,” stated Arpad Torok, development manager of TriGranit Development Corporation. According to Torok, the TriGranit group is interested in cities such as Brasov, Arad and Craiova. Currently, in addition to the project in Cluj, the company has a similar ongoing project in Constanta, which is planned for completion next year.