Dawnay Day builds 55m-euro mall in Baia Mare

Dawnay, Day PanTerra, a part of British investment and financial services group “Dawnay Day”, will invest 55 million euros in a shopping and entertainment centre in Baia Mare. Dawnay, Day PanTerra bought the 6-hectare plot in Baia Mare, through Atrium Centers. At the latest, the construction works will start at the beginning of next year, with the opening planned for April 2009. This investment has brought total value of funds attracted to the British group in Romania to 190 million euros. The investment company also has two real estate projects in Cluj and Arad planned for the next two years, worth 135 million euros. “The project in Baia Mare will cover 50,000 square-metres, out of which 32,000 square metres will be available for rent. It will also include 1,000 parking spots, a hypermarket and eight cinema screens,” Adina Calinescu, country manager of the Atrium Centers told ZF Transilvania. Dawnay, Day’s prime project is in Cluj-Napoca and involves the construction of a mall on the site of the former Tricotaje Somesul plant, with a total value of around 85 million euros.