New malls in Bucharest, 90% leased

Over 90% of the commercial space available in the two malls that will be opened by yearend in Bucharest-City Mall and Plaza Romania, has been already rented. According to the latest market information, City Mall will be opened one month later than originally announced, that is in December, while Plaza is to be opened this autumn. Both in the case of Plaza Romania, and of City Mall, available commercial space has been rented quite a long time in advance, and the developer, at least in the case of Plaza Romania, had to enlarge the built area from 80,000 sqm to 100,000 sqm. Despite this, officials of Anchor Grup, which also owns Bucuresti Mall, say Plaza Romania will open on schedule this autumn, most likely in October. In the case of City Mall, this autumn, the deadline initially announced by the representatives of Sirius Investitii, the project developer, has turned into this winter, as the latest information released by the company place the opening early in December. ZF