Two businessmen from Sibiu announce fourth mall in Oradea

Shopping centre developers seem to have forgotten about the consumer spending crisis and are again starting to announce project after project, with their latest target being Oradea, a city where businessmen Klaus Reisenauer and Kurt Wagner want to build the second sizeable project.

The investors, who control Oasis Development, say they will start work on Prima Shopping Center in the spring of next year, having signed pre-contracts with retailers for more than half the spaces of the 24,000 square-metre shopping centre.
Oradea’s operational projects are Lotus Center and ERA Shopping Park, while Tiago mall went bankrupt after the project’s developers were not able to attract enough tenants to see it launched. The mall was put up for auction, with businessman Gabriel Popoviciu intending to reopen it next year under the name Oradea Shopping City.