Plans to develop 20-25 malls in Bucharest are not realistic,given Bucharest inhabitants' purchasing power, says Ali ErgunErgen, CEO of Baneasa Developments, manager of the retail area ofnorthern Bucharest's Baneasa project. Ergun, 39, one of the mostexperienced shopping centre developers in Romania, together withbusinessman Iulian Dascalu, believes the worst on the retail marketis not over, yet. "I've never believed in the option of building20-25 malls in Bucharest. (...) More shopping centres do not meanpeople have more money to spend. All (mall managers i.e.) targetthe same pocket," Ergen told ZF. Bucharest now has eight classicalmalls, another five shopping parks and an outlet-type centre.However, another around ten projects are on paper, but just a partof them would be carried out in the following years. "(...)Thinking of the construction of some projects with an area of atleast 40,000 square metres, I do not believe the city can absorbmore than 3-4 more projects (...)", Ergun says.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
