Gabriel Popoviciu plans EUR 80 million of further investment in Baneasa
Romanian businessman Gabriel Popoviciu, the developer and owner of the Baneasa project in north Bucharest, plans to invest around EUR 80 mln in the next four years October 2011 - From the Print Edition
The investment will mainly target the commercial area of the complex, to where the businessman plans to move restaurants and develop a leisure area and luxury-brand commercial space. According to Popoviciu, the new space that will host the restaurants will be 10,000 sqm and is part of a development stage to start this year and be completed in 2013. By 2015 at the latest, the businessman plans to launch other extensions between Baneasa Shopping City and Ikea, according to representatives of Baneasa Developments, the company managing the commercial area of the Baneasa project. Recently, a EUR 19 mln cinema was opened inside Baneasa Shopping City. The cinema complex, Grand Cinema Digiplex, has an area of 14,000 sqm and 13 cinema halls, and joins the shopping, leisure area and food court at the mall, which currently attracts over 18 million visitors yearly.
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