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S IMMO AG completes the first phase of Sun Plaza remodelling

S IMMO AG completes the first part of the remodelling process for Sun Plaza shopping centre in Bucharest. On March 23rd, the newly reconfigured area within Sun Plaza will open to the public, hosting seven new shops with a total leased area of 7,800 sqm.

2017-03-20 15:52:54

Phase 1 totals 7,800 sqm of redesigned shopping space displayed on three levels, out of which 2,000 sqm are occupied by four new tenants: Altex, Terranova, O Bag and Autograf. Anchor tenants such as H&M, C&A and Bebetei have relocated their stores and now enjoy improved areas. The existing subway access tunnel was extended and connected to the mall extension. As of March 23rd, the tunnel will be equipped with an approximately 40 m long art installation.

"With the completion of the first stage, we are just at the beginning of a transformation that will bring Sun Plaza closer to its customers' needs. The construction works will continue at fast pace in the next few months, so more changes are still to come", stated Friedrich Wachernig, member of S IMMO AG's management board.

The upgrading process of Sun Plaza started in the first quarter of 2016 and is expected to be completed in the first quarter of 2018. The remodelling works will add to the scheme 11,000 sqm of retail and leisure space for up to 40 new stores. Apart from the 11,000 sqm, other 9,000 sqm from the existing retail units will be redesigned during the remodelling process.

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