Owner of Militari Shopping expands shopping centre

Atrium European Real Estate, which finished the shopping gallery of the Militari Shopping project in Bucharest in April, following a 75 million-euro investment, could start construction works for three new commercial spaces, given the good results recorded in the first two months of business and demand from retailers. “Two or three retailers are very eager for us to build them big box stores (specific to hypermarkets), and we have signed letters of intent with two of them for this project. These partnerships are likely to come to life. The shareholders are to make a decision in the coming period, after they analyse the costs and the yield change,” Bogdan Dancau, managing director of the company, told ZF. In parallel with the investment in expansion, the construction of a car park will also be started, with the project’s developers also examining the possibility of an underground car park, on top of which the new commercial spaces would be built.