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04. 02. 10. - 16:00

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04. 02. 10. - 16:00

Austrian investor to open largest shopping mall in Romania

Romanian Times

Sun Plaza shopping mall in Romanian capital Bucharest, the largest in the country, will open on 25 February following a 200 million Euro investment.

Austrian investor Sparkassen Immobilien AG and Romania-registered developer EMCT announced the news today (Thurs).

The project's completion has been postponed several times. Work was initially scheduled for completion in 2008.

In October 2009, the two investors announced the shopping mall would open on 18 February 2010.

Sun Plaza will have 150 stores and 2,000 parking places and be connected to Piata Sudului subway station through an underground passageway.

The mall will have an area of 210,000 square metres, of which 80,000 square metres are retail space.

Cora hypermarket, Baumax, Mobexpert and Flanco are some of the retailers opening stores at Sun Plaza. Mall stores will carry such Inditex's brands as Zara, Pull and Bear, Bershka and Stradivarius.

Sparkassen Immobilien, the real-estate division of Austrian Erste Bank group, owns land in Romania, some in the Grivita area of Bucharest, where the company is planning to build an office building and a four-star hotel, and some in Jilava near Bucharest, where the investor may build a shopping mall.

Romanian-registered EMCT is owned by two French businessmen.

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