French retailer Cora, part of Louis Delhaize group, yesterdaystarted work on a Constanţa-based shopping centre with a usablearea of around 40,000 square metres, set to be the fifth shoppingcentre in the city, one of the most crowded cities on the retailsegment.
Cora holds a five-hectare plot in Constanţa at the intersectionof Brătianu and Cumpenei streets, in the city's semi-central area,where it intends to invest 100 million euros to develop theshopping centre, the company's biggest project on the Romanianmarket.
The biggest store in the future shopping centre will be a Corahypermarket with a 9,000 square-metre area, with the project toalso include a 25,000 square-metre shopping gallery, a cinema and afood court. Consulting firm CB Richard Ellis has been recentlynamed as the project's leasing agent.
The opening of the shopping centre is scheduled for the first halfof 2012, with the project developed by Cora set to be Constanţa'sfifth. Shopping centres operating in Constanţa are TOM, Tomis Malland City Park, with next autumn to see the completion of theMaritimo project, which will have an Auchan hypermarket as its maintenant.
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