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

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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