Baneasa Developments unveiled a major retail space expansion programme on Monday. The developer of one of the largest shopping areas in the Central and Eastern Europe noted that it is expanding at a time when other developers are scaling back or even stopping investment.
Baneasa Developments unveiled a major retail space expansion programme on Monday. The developer of one of the largest shopping areas in the Central and Eastern Europe noted that it is expanding at a time when other developers are scaling back or even stopping investment.
The 85,000-m2 Baneasa Shopping City opened in Bucharest in mid March 2008.
The extension will include the addition of a multiplex cinema, a family entertainment centre (bowl, billiard, video games and other fun facilities) and a gas station. The new developments represent an investment of EUR 22 mln and will add a total of 25, 000 m2 to the centre.
'We believe that this investment is the natural step that Baneasa Developments must take now when celebrating two years from the opening of the most eagerly awaited fashion mall in Romania,' said Ali Ergun Ergen, the CEO of Baneasa Developments.
