ZF English

Popoviciu invests another 20m euros to complete Oradea mall

Autor: Cristina Stoian

29.09.2010, 00:03 17

Businessman Gabriel Popoviciu, who three months ago won theauction for the acquisition of Tiago mall of Oradea, undergoingbankruptcy proceedings, through Shopping Center Holding, is set toinvest 20m euros to finish the project next spring.

"We've managed in one month to reach the final stage as regardstalks with retailers to fill around 60% of the available space.We've also made several moves and will attract tenants for the restof the space in the coming period. We'll bet on the entertainmentsegment, which has around 10,000 square metres earmarked in themall," Cristina Dinu, Shopping Center Holding manager, toldZF.
In Oradea, the new owner's first move was to rebrand the mall takenover in the wake of a deal valued at 30.5m euros, with the formername, Tiago Mall, being replaced with Oradea Shopping City, a modelsimilar with that of the Băneasa shopping centre, also owned byPopoviciu.
The shopping centre due to be opened in early 2011, with a30,000-sqm gross lettable area, will have over 120 footwear,apparel, accessories and décor stores, a food-court area and anentertainment one.

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