Shopping complex replaces garage

Investors are rushing to open new commercial centres before the Bucharest retail market becomes saturated, and are using the few locations still available for this kind of business. Anador, a company held by four foreign individual investors, opened a shopping complex last week that was built on the location where the first horse-drawn tramcar barn used to be over 100 years ago. The centre will comprise 3,200 square metres of shopping galleries and the plot of land on which the building is located takes up 11,000 square metres. The place where the new centre was built by converting the old industrial facilities had previously been used as the garage for the state-owned taxicab company Getax, which replaced the tramcar barn. The investment in this complex located at the intersection of Vasile Lascar Street with the Stefan cel Mare Road was 2.5 million euros, with the funding provided by the company in partnership with OTP Bank. ZF