No less than eight shopping malls will be built in the Capital City, in the upcoming years, the pace of the constructions responding the increasing demand for shopping spaces, but also the builders’ increasing interest. It seems the first three malls already built (Bucuresti Mall, Plaza Romania and City Mall) no longer cope with the current situation, and developers of new projects are decided to embark on this challenge, Nine O'Clock reports.
A new mall will be built in Baneasa area, whose foundation was started in August 2006 by Baneasa Developments company, which plans to finish it at the end of 2007.
Baneasa Shopping City will offer over 220 shops, which will occupy a surface of over 65 000 sq m, restaurants, service and entertainment spaces.
For the first time in Romania, the mall will have a food-court developed on three storeys, with a view on the entertainment area that surrounds it.
The entertainment centre will cover 15 000 sq m, thus becoming the biggest in Romania and even in the region.
One of the largest malls in Romania will be built in the Southern part of the Capital City and will be called Sun Plaza, the investment reaching over EUR 100 mln.
Located in Sudului Square, Sun Plaza will be the first mall to include a hypermarket and will occupy more than 11 hectares of land.
Construction works started in December 2006 and are to be finalised in the spring of 2008.
Sub Plaza will have a built area of 208 000 sq m and a rentable surface of 76 000 sq m, on four storeys.
Of them, two will host the underground parking, with a capacity of 2 000 lots.
Sun Plaza will shelter the first BauMax do-it-yourself store in Romania, the third Cora hypermarket and a new Mobexpert furniture store.
The multiplex cinema will have 15 halls, with approx 3 000 seats.
The place of the former plant UMEB will be occupied by Cotroceni Park, where approx EUR 200 mln will be invested in the construction of a mall and five office buildings.
A piece of land measuring 120 000 sq m from Blvd Timisoara area will be used for this project.
Furthermore, on old construction sites, two malls will be built in Eroilor area-Dambovita Center and in Rahova area -Liberty Center.
The works in Dambovita Center, the former Radio House, were seriously delayed by issues concerning the companies that had committed to investing in the new project, on a public-private partnership.
The partnership contract has been modified, and the project that will include office spaces, parking lots, a hotel, a casino etc will be finished in seven-eight years.
The investment was evaluated at EUR 140 mln.
Another mall to be built on an old construction site is Liberty Center, located at the junction between Rahova Road and Progresului Road.
The former “circle of hunger” was put to the ground in 2006 and constructions have started, which are to be finalised in 2008.
This mall will have a surface of 30 000 sq m for rent, on three storeys. Bucharesters living in Chitila area will have their own mall, with a famous name – the Colosseum.
The total investment announced for this project reaches EUR 450 mln. Colosseum Shopping Center will have a built surface of 220 000 sq m, which will be occupied by a hypermarket, furniture, electronics, fashion stores, a cinema with 16 halls, restaurants, bars, coffee shops and leisure places.
The construction will start in 2008-2009 and will be finalised in 2010.
An investment project in the Obor area, approved by the District 2 authorities, aims at transforming of Obor Market into a four-storey mall.
The ground floor will maintain the market function for fruits and vegetables producers, who will occupy approx 20 000 sq m.
The surface of the new shopping centre will be 65 000 sq m, the investment reaching EUR 117 mln and works are to start this year and will be concluded in one-two years.
New centre of Capital City When Esplanada project was first presented, authorities said they wanted the area to become the new centre of Bucharest.
With an investment of EUR 800 mln, Trigranit company wants to achieve one of the most important real estate projects in Bucharest and even in Romania.
On the piece of land measuring over 10 hectares, delimited by Unirii Blvd, Nerva Traian, O. Goga Blvd and Mircea Voda Blvd, there will be built a mall, office and apartment buildings, shopping and leisure spaces, which are added streets, public markets and gardens.
Works haven’t started yet, as the legal situation of the land must be solved, given the multiple owners.
Municipality started buying from the owners who were given back these pieces of land, and, if there are people who refuse to sell, the surface might even be declared public utility.
The oldest mall in the Capital City, Bucuresti Mall, built in 1999, will extend, works being currently in progress.
The expansion project includes the construction of a new building, with a total surface of 45 000 sq m, attached to the already-existing building.
The new edifice is being built on five storeys (two underground, ground floor, first and second floor), the shopping area being placed on the ground, first and second floor.
The new building will become functional this spring, following an investment worth EUR 20 mln.
Source: Nine o'Clock |
