THE DIPLOMAT > Real estate > Giant retail and leisure complex
Vol. 2 No.2  

Giant retail and leisure complex
due for north capital

     CHITILA United Kingdom-based Modus Properties, with local partner Nova Imobiliare, is planning a 408 million Euro retail and leisure destination in north-west Bucharest, with design aiming to be ready for the second half of 2006 and construction to start in Spring 2007.
     Over 150,000 square metres of gross letable area on a 600,000 sqm plot, the Colosseum Center aims to have over 200 shops, a cinema, restaurants, bars, coffee shops, family play areas, bowling and 6,000 car parking spaces, including multi-storey car parks.
     Manchester-based Modus will also build up the local public infrastructure to and around the development in the Chitila area, such as a tram and bus station, 12 km of new highway and tram links to the centre from the existing road network.
     The development plans to house retailers from top European branded fashion houses, anchored by a hypermarket, a DIY Store, electrical retailer, and sports shops.