malls
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Mondex driven into insolvency by high rents in malls
"Everybody believes Mondex has piled up state budget debts as a result of the diving orders in the wake of the financial crisis, but starting April, the Sibiu-based firm has been practically...
Gold Plaza developer: Only 5 out of 120 projected malls going ahead
Hungary-based Futureal has the Gold Plaza mall underway, which is set for completion next year, in the wake of investments worth 97 million euros.
Discounters replace electro-retailers and supermarkets in malls
Discounters are entering malls for the first time this year because, as rents are going down, shopping centres have become more accessible to the retailers that have the lowest costs on the...
Discounts bring 200,000 visitors daily into Bucharest malls
The up to 80-90% discount campaigns have been attracting Bucharest people into shopping centres, although sales are down, causing retailers to settle for lower rents in several malls.
Romanian malls are a popular choice for weekends and after 6 PM
French group Cegis, which manages 12 shopping centres on the Romanian market, i.e. around 20% of all malls in Romania, says malls that have created a solid client base are not seeing a major...
Plaza Centers to develop small malls first
Plaza Centers real estate developer, involved in the development of the project Dambovita Center on the platform of the Casa Radio building of Bucharest, is set to focus on the small project...
Sonae Sierra finds it hard to start another 2 projects this year
The representatives of Sonae Sierra real estate development company, which owns a mall in Ramnicu Valcea in Romania and has another three projects under development, says it will be extremel...
Iulian Dascalu: I believe in the market's potential
Iulian Dascalu, the biggest domestic shopping centre developer, who owns three operational malls in Iasi, Timisoara and Cluj-Napoca, says that, whereas two years ago retail was considered "t...
Bankers follow their clients into malls
A series of banks with aggressive retail expansion plans, such as BCR and Alpha Bank, are relying heavily on branches opened in shopping centres, with some malls including as many as six or...