Era of 300m-euro mall is gone

The most expensive shopping centres announced so far in Bucharest entail investments of 80-90m euros, after in 2009-2010 period three projects worth above 150m euros each were opened in the capital city, with Cotroceni Park, whose development cost 300m euros, as the most expensive. The only large shopping projects where construction works are set to start in this period are Pallady Shopping Center of Titan and the retail park of Colosseum project of Bucure[tii Noi area, with the centres due to involve investments of 80 and 90m euros, respectively. These centres are focusing on the presence of some retailers that rent large spaces, such as hypermarkets or DIY networks, and less on apparel stores or entertainment space, activities for which the Bucharest market has reached a quite high coverage level.