Atrium, the shopping centre specialist focused on Central and Eastern Europe, has completed and opened the extension of 'Militari Shopping', its first shopping centre in Romania.
Atrium, the shopping centre specialist focused on Central and Eastern Europe, has completed and opened the extension of 'Militari Shopping', its first shopping centre in Romania.
The original centre opened in 2004 and consisted of two units let to international DIY chain, Praktiker, and leading national electronics retailer, Domo. The two phased extension to the Bucharest-based centre commenced in 2007 and, upon completion, has increased the gross lettable area by 40,600 m2 to a total of 51,400 m2.
Militari, which is 99% let, is Atrium's first shopping centre in Romania. It is located in a densely populated area of western Bucharest, very near the E81 motorway junction, has 2200 car parking spaces and is well served by public transport (bus and subway).
Rachel Lavine, CEO of Atrium, commented: 'Despite the difficult market conditions we take great pleasure in the fact that we are able to open Militari Shopping almost 100% let. It is all the more encouraging that the centre is home to such a wide variety of well known tenants, including international blue-chip brands, some of whom have chosen Militari Shopping as their entrance point into the Romanian market.'
