Raiffeisen Evolution (RE) real estate developer, controlled byAustria's Raiffeisen group, is due to start works on Promenada mallof northern Bucharest this year, a project announced more than fouryears ago.
RE owns a plot of land located between Lakeview, Nusco Tower,Oracle Tower and Floreasca Business Park office buildings on whichit projected the construction of a mall with a 35,000 square metrelettable area and a 35-storey office tower (SkyTower). In early2009, amid the crisis, construction works were put offindefinitely, after a series of foundation works had beenexecuted.
"We'll start works on the mall this year," Alina Puşcaşu, incharge of renting Promenada spaces, together with Krammer &Wagner consultancy, told ZF.
Northern Bucharest is currently the least congested area asregards shopping centres, with Băneasa project as the onlysignificant development in this part of the city.
Mall developers have started bringing projects frozen during thecrisis period back to life amid international retailers' interestin expansion.
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