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EUR 50 million Oradea Shopping City to open this fall

Commercial center Oradea Shopping City will launch this fall, following an investment of EUR 50 million

July 2011 - From the Print Edition

According to data on the market, Shopping Center Holding is controlled by Cyprus-registered company Karias Trading Limited, run by Dumitru Ciocoiu. He is also involved in the administration of companies controlled by Romanian businessman Puiu Popoviciu, known for the large North Bucharest project, Baneasa Shopping City. The commercial center in Oradea covers 30,000 sqm, comprising 22,000 sqm of retail space, a 6,000-sqm area for entertainment and 2,000-sqm food court. The mall will also offer parking for 1,000 cars. Bogdan Jigman, GM of the commercial center, said “The development, through its concept, is meant to address all the entertainment expectations of Oradea people.”
In June 2010, Tiago Mall in Oradea was sold in a EUR 30.5 million deal to Shopping Center Holding, following an auction organized by insolvency company Casa de Insolvenţă Transilvania. At that time, insolvency was being sought by the Tiago Mall developer, MLS Proiect Oradea, a subsidiary of Irish developer Mivan.



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