France’s Catinvest to commit 6 mln euro in Romanian searching mall extension

BUCHAREST (Romania), June 23 (SeeNews) – French serious estate group Catinvest reported on Wednesday that it will invest 6 million euro ($7.13 million) in an extension of its Electroputere Mall in Craiova, southern Romania, starting this month.

Catinvest has received the necessary building permit to get started development will work for the extension of the mall’s food stuff court with five new dining establishments, a new prevalent out of doors terrace and 5.500 sq m of extra retail place, it mentioned in a press launch.

“Foods has become a important factor of attractivity for malls. With this new financial commitment, Electroputere Shopping mall will consist of an essential give of 25 dining places, 4 with personal terraces and 21 benefitting from a 1,000 sq m outside terrace overlooking eco-friendly spaces and a wonderful church,” Catinvest Jap Europe common supervisor Jibril Semour said.

Catinvest is also acquiring an business office and retail developing inside of Electroputere Parc – a 39 million euro financial commitment. The job is shut to completion, the team claimed.

“The second tranche of our 25,000 sq m blended-use creating will be completed in a couple weeks. The retail aspect of this enhancement is currently 92% leased,” Catinvest Team president Bertrand Catteau stated.

Electroputere Parc was opened in 2011 and turned aspect of Catinvest in 2016. The retail park now has a whole revenue space of 92,000 sq m.

In April, Catinvest declared that it has committed 58.5 million euro investments for present and new tasks in Romania.

In Romania, Catinvest also owns and manages several other procuring centers – Carrefour Orhideea and Cora Pantelimon in Bucharest, and Carrefour TOM in Constanta.

($=.8412 euro)