French retailer Cora, part of Louis Delhaize group, yesterday started work on a Constanța-based shopping centre with a usable area of around 40,000 square metres, set to be the fifth shopping centre in the city, one of the most crowded cities on the retail segment.
Cora holds a five-hectare plot in Constanța at the intersection
of Brătianu and Cumpenei streets, in the city’s semi-central area,
where it intends to invest 100 million euros to develop the
shopping centre, the company’s biggest project on the Romanian
market.
The biggest store in the future shopping centre will be a Cora
hypermarket with a 9,000 square-metre area, with the project to
also include a 25,000 square-metre shopping gallery, a cinema and a
food court. Consulting firm CB Richard Ellis has been recently
named as the project’s leasing agent.
The opening of the shopping centre is scheduled for the first half
of 2012, with the project developed by Cora set to be Constanța’s
fifth. Shopping centres operating in Constanța are TOM, Tomis Mall
and City Park, with next autumn to see the completion of the
Maritimo project, which will have an Auchan hypermarket as its main
tenant.