Catinvest to add 7,200 sqm in Craiova-based shopping mall

11
Nov
2021
News - Catinvest to add 7,200 sqm in Craiova-based shopping mall #Catinvest #Craiova #Electroputere Mall #Electroputere Parc #retail #Romania #shopping

by Property Forum | Retail

French real estate group Catinvest will add 5,500 sqm retail space, 1,200 sqm for a shared open-air terrace for the food court and a new playground of 500 sqm in Electroputere Mall, located in Craiova. 


The extension follows the recent inauguration of two mixed-use buildings in Electroputere Parc, adding 9,000 sqm as well as 17,000 sqm of offices. 

In the upcoming years, the company plans further retail, office and service development in the project as part of a €61 million investment. 

“The addition of new brands is the result of the latest expansions and development of the shopping center,” said Jibril Semour, General Manager of Catinvest Eastern Europe. 

In early 2022, Catinvest will start the development of an aparthotel with 58 apartments in a bid to enhance the mixed-use functions of Electroputere Parc. 

Catinvest owns and manages more than 500,000 sqm of spaces in France and Eastern Europe. In Romania, the company has additional shopping centres in Bucharest and Constanța. 




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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