Sonae Sierra is buying the River Plaza mall in its first acquisition in the Romania market for EUR 42 mln. The shopping centre, opened in November 2006, is located in Ramnicu Valcea, 170 km from Bucharest. The mall has 12.358 m[sup]2[/sup] of GLA (gross lettable area), and features 90 shops, anchored by a Spar supermarket that will open next June. Major tenants include Altex (electrical appliances), Leonardo (footwear), Kenvelo (fashion), Stone Creek/Puma (fashion and sports accessories), Pizza Hut (restaurant), KFC (restaurant) and MaxBet (casino and dance club). The catchment area of River Plaza Mall comprises about 185,000 inhabitants within a 30-minute drive. Álvaro Portela, ceo of Sonae Sierra, said: 'River Plaza Mall will be our 44th shopping centre and its acquisition represents the continuation of our long-term expansion strategy.’
Sonae Sierra is buying the River Plaza mall in its first acquisition in the Romania market for EUR 42 mln. The shopping centre, opened in November 2006, is located in Ramnicu Valcea, 170 km from Bucharest. The mall has 12.358 m2 of GLA (gross lettable area), and features 90 shops, anchored by a Spar supermarket that will open next June. Major tenants include Altex (electrical appliances), Leonardo (footwear), Kenvelo (fashion), Stone Creek/Puma (fashion and sports accessories), Pizza Hut (restaurant), KFC (restaurant) and MaxBet (casino and dance club). The catchment area of River Plaza Mall comprises about 185,000 inhabitants within a 30-minute drive. Álvaro Portela, ceo of Sonae Sierra, said: 'River Plaza Mall will be our 44th shopping centre and its acquisition represents the continuation of our long-term expansion strategy.’
