MALLWATCH
BUCHAREST LIST OF MALLS
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There is some debate over what constitutes a shopping mall – with many insiders believing that only a property with over 25,000 sqm in GLA can constitute a mall. The malls shown here are not exhaustive and are quite flexible in their description.
But this is an attempt, gathered from The Diplomat's discussions with the major developers and local authorities, to try and understand the retail map of Romania today.
Below are the malls open, those to be open in the years 2008, 2009 and 2010, those which have unclear information.
MALLS IN BUCHAREST OPEN
Location: Calea Vitan
Description: Bucuresti Mall, over 140 shops, 1,800 parking spaces, 5,000 sqm supermarket, ten screen cinema, casino
Developer: Anchor Grup (Turkey)
GLA: 37,000 sqm
Investment: 53 million Euro
Opened: 1999
Location: Blvd Timisoara
Description: Plaza Romania, 6,000 sqm supermarket, cinema, 2,400 parking spaces
Developer: Anchor Grup (Turkey)
GLA: 39,000 sqm
Investment: 56 million Euro
Opened: 2004
Location: 2 Sos Oltenitei
Description: City Mall, 38,000 sqm, 110 stores
Developer: Jaguar Development (Israel-Greece), owned by Victoria Holding.
GLA: 24,000 sqm
Opened: 2005
Location: 103 Str Bis Erou Iancu Nicolae
Description: Jolie Ville, 1,700 sqm supermarket, 456 sqm restaurants, 4,000 sqm parking lot
Developer: HKS Group (Egypt)
GLA: 24,000 sqm
Opened: 2004
Location: 536-560 Blvd Iuliu Maniu, Bucharest
Description: Militari Shopping Centre, 55,600 sqm big box retail, 22,500 sqm supermarket, 2,200 parking spaces
Developer: Liebrecht & Wood (Belgium), bought by Meinl European Land (Austria) for 20 million Euro
Opened: 2003
Location: Piata Unirii
Description: Unirea Shopping Centers
Developer: Unirea Shopping center SA
GLA: 44,000 sqm
Opened: 2000
SHOPPING CENTRES TO OPEN IN 2008
Location: Blvd Bratianu
Description: Cocor Shopping Center
Developer: PAS Cocor
GLA: 9,700 after revamping planned for 2008
Investment in revamping: 18 million Euro
New brands: Gucci, LVMH, Richemont, Estee Lauder
To close and then reopen: December 2008
Location: Progesului/Calea Rahovei
Description: Liberty Center, over 100 shops, 3,500 sqm supermarket, 700 parking spaces, department store, ice rink
Developer: Mivan (Northern Ireland)
GLA: 26,000 sqm
Investment: 70 million Euro
To open: Autumn 2008
Location: DN1 national road between Bucharest and Otopeni
Description: Baneasa Shopping City, over 220 shops, including Peek and Cloppenburg, Zara, Zara Home, spa, family entertainment centre
Developer: Baneasa Developments SRL
Investors: Baneasa Investments [University of Agronomy Sciences and Veterinary medicine/private investors]
Investment: 150 million Euro
GLA: 85,000 sqm
To open: Spring 2008
Location: Piata Sudului
Description: Sun Plaza, includes a Cora, Baumax, Mobexpert
Developer: EMCT
Investment: 100 million Euro
GLA: 76,600 sqm
To open: Autumn 2008
SHOPPING MALLS TO OPEN BY 2009
Location: Blvd Timisoara
Description: Cotroceni Mall, 20 screen cinema, 250 retail units, parking for 2,500 vehicles
Developer: AFI Europe Group (Israel)
GLA: 80,000 sqm
Investment: 100 million Euro
To open: by Xmas 2009
Location: Eroilor Metro
Dambovita Center
Developer: Plaza Centers (Israel)
GLA: 37,000 sqm
Delivery date: 2009
Location: Chitila
Description: Colosseum, 450 shops, 16 screen cinema, 20 lane bowling, Carrefour, 8,000 parking spaces
Developer: Modus Properties (UK)
Investment: 450 million Euro
GLA: 120,000 sqm
Open in two phases: 2009/2010
SHOPPING MALLS TO OPEN BY 2010
Location: Playing field on Strada Liviu Rebreanu
Description: Park Lake Plaza
Developer: Caelum Development with RI Investment
GLA: 110,000 sqm, including 3,800 parking spaces
Delivery date: end 2010
Location: Aurel Vlaicu Metro, Calea Floreasca
Name: Promenada Mall, shopping centre in mixed-use Floreasca City with 1,400 parking spaces
Developer: Raiffeisen Evolution (Austria)
GLA: 31,000 sqm
Delivery date due: 2010
Location: Site of Laromet, Blvd Bucuresti Noi
Description: Shopping mall
Developer: Africa-Israel
GLA: 25,000 sqm
Estimated delivery date: end of 2010
PLANNING STAGES
'The Diplomat – Bucharest' has approached the shopping malls developers and local authorities below to find out further information such as addresses and delivery dates for the projects and so far we have incomplete data. We are in the process of updating information on the progress of the following malls.
Location: Semanatoarea Metro
Sema Park
Developer: River Invest with ECE
GLA: 100,000 sqm
Location: Blvd Unirii
Name: Esplanada Project
Developer: Trigranit
GLA: 40,000 sqm
Situation: Yet to win planning approval from City Hall
Location: Lacul Plumbuita/Sos Fabrica de Glucoza
Name: Galleria Bucharest
Developer: GTC
Hypermarket, 250 shops, multiplex, 2,000 car parking spaces
GLA: 57,000 sqm
