Austrian developer Real 4 You Group has obtained the building permit for its planned 70,000 m[sup]2[/sup] retail development in Bucharest.
Austrian developer Real 4 You Group has obtained the building permit for its planned 70,000 m2 retail development in Bucharest.
In a statement on Thursday, the company said it plans to start construction of the Mega Mall in 2013. Located on a former industrial site, the scheme will be the first modern retail centre in the eastern part of Bucharest.
DTZ Echinox and Colliers International are co-exclusive leasing agents for the shopping centre, which will be anchored by hypermarket operator Carrefour and entertainment operators Slot Point Casino and Cine Grand.
'This is both a positive sign for the retail market and the consumer trends, and a firm reinforcement of our confidence in this project,' said Simina Istrate, associate director within the retail division of Colliers International.
Real 4 You Group is an investment company that was established in 1995 by Christian Rimpf and Klaus Riederer. The company is active in Hungary, the Czech Republic, Slovakia, Bulgaria and Romania.
