Home & Design Mall expands

Stomobi, the owner of the furniture and interior decorations mall Home & Design, opened its doors this year in Bucharest. It will expand the mall by 50% in 2005. “Home & Design Mall currently takes up 8,000 sqm, but this is only the first stage of the project. The second stage, due to begin early next year and to be opened next spring, will add a further 4,000 sqm,” announced Aura Dinu, marketing manager of Home & Design. She gave no details as to the value of the expansion, however. Home & Design is the first furniture and interior decorations mall in Bucharest and opened in Bucharest this November after a 5 million-euro investment. Home & Design is owned by Stomobi SA, which itself is controlled by Heratico BV, a Dutch company with Canadian shareholders. “At present, the mall is 100% rented to 60 tenants,” explained Dinu. Tenants include Modul Design, Neoset, Menotti, Silvarom, Flamingo, EuroPrestige, Bravo Group, Finnforest, Exotique and Pier Import. ZF