The top ten owners of shopping centres in Romania hold 940,000
square metres in lettable area, that is almost 100 hectares of
malls, in which they invested about 2 billion euros, with more than
half of the money taken from banks.
This business, where Romanian entrepreneurs managed to stay on
the market and compete with international companies, generates
200-250 million euros in rents a year for the top ten owners, a ZF
analysis reveals.
Iasi-based Iulian Dascalu remains the biggest owner of
shopping centres in Romania with a portfolio of 175,000 square
metres that can be let in the four Iulius-branded malls in Iasi,
Timisoara, Suceava and Cluj.
Other top Romanian owners are Dan Adamescu, who controls
Unirea Shopping Centre projects in Bucharest and Brasov and Gabriel
Popoviciu, owner of the Baneasa Shopping City in northern
Bucharest.
However, breathing down Dascalu’s neck is not a Romanian
entrepreneur but the Austrians at Immoeast, who bought three
operational shopping centres – Polus Cluj, Euromall Pitesti and
Armonia Arad in 2006 and 2007, which total together 127,000 square
metres in lettable area. The Austrians are the only ones
threatening Dascalu’s position, after all.
The owners of the biggest shopping centres in Bucharest, Sparkassen
Immobilien (Sun Plaza) and AFI Europe (Cotroceni Park) went
straight into the top ten of mall owners, which also includes
Turkish-held Anchor Grup (Bucuresti Mall and Plaza Romania), BelRom
(European Retail Park Bacau and Focsani) Omilos (ERA Oradea and
Iasi) and Argo (Shopping City Sibiu and Suceava).

Subiecte #Dan Adamescu#Iulian Dascalu#Puiu Popoviciu#shopping centres