Magazinul Bucuresti will be delivered by end-2019

The reconstruction of Magazinul Bucuresti, the former universal shop located at the crossroads of Lipscani Street and I.C. Bratianu Boulevard, will be finalized by the end of this year. The new building will accommodate diverse concepts, from retail and services spaces to office, co-working or dining spaces. The real estate consultancy company Colliers International Romania was assigned as exclusive agent for the leasing of the project.

The future Magazinul Bucuresti will have a gross leasable area of around 3,150 sqm, 6 floors (6+GF) and will benefit from over 2,600 parking spaces in the vicinity, in Universitate, Intercontinental, Cocor and Unirii areas. The building is designed to accommodate a variety of tenants, from the retail and services segments, offices, co-working and restaurants. As a result, Magazinul Bucuresti could become the most important mixed-use project in the center of the Capital.

Magazinul Bucuresti is one of the most important historical monuments in the Capital. Build in two phases, the center dates back from the interwar period (1929-1939). Moreover, it used to be one of the most accessed shopping centers in the city. Nowadays, the building is going through a process of complete reconstruction and only the facade will keep the original aspect, as the rest of the building will be adapted to a class A project.