Avrig 35 hopes to beat recession with retail park in east capital
BLVD PALLADY Real estate developer Avrig 35 and Dutch developer Cascade Group will together pour 80 million Euro into the construction of a retail park in eastern Bucharest March 2010 - From the Print Edition
The Pallady Shopping Center will be located on Bulevard Pallady on the platform of the former pharma factory Sicomed.
The construction of the retail park, which will cover over 100,000 sqm of the 30 hectare land plot, will begin in May and will be completed in 2012.
The two developers have signed leasing contracts with the two main anchor tenants, French hypermarket chain Auchan and French sports equipment retailer Decathlon, which are both already present on the Romanian market.
Auchan rented 30,000 sqm of the retail park and the Decathlon store will cover 7,000 sqm. The park will also include a DIY store, a furniture and interior decoration store and a shopping gallery consisting of 110 stores.
Avrig 35 developed the office block Charles de Gaulle Plaza on Bucharest’s Piata Charles de Gaulle, while Cascade is now completing work on its green office block, Euro Tower on Barbu Vacarescu.
Avrig 35 is also planning to develop offices and residential units on the rest of the land plot on Bulevard Pallady.
|
|
|
 | |
|
|
| Daily Info |
|
Smart city is not a fad, it's a necessity In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo... |
|
Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers" "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u... |
|
Telekom Romania, a strong supporter of Smart City development in Romania Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society... |
|
In the industrial era, the fight was for finite material resources. Not anymore Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e... |
|
Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania" Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p... |
|
