French real estate group Catinvest plans to expand Electroputere Parc, the company’s shopping mall in Craiova, by 9,200 sqm. The group has also started the construction of an additional mixed-use building which will comprise 12,000 sqm of retail space, 15,000 sqm of Class A office space and over 700 underground parking spaces. Total investment in will exceed €70 million by the end of 2018.
Construction works of the extension are already ongoing and opening is scheduled for the first quarter of 2018. The extension will host fashion brands of the LPP group which will soon join existing brands. On the first floor, costumers of Electroputere Parc will enjoy the first VIP multiplex cinema in Romania. The multiplex will count 7 halls, all equipped with electrical VIP recliner seats and with modern technology.
In addition to this extension, Catinvest has also started the construction of a mixed-use building, located between the main parkinglot of Electroputere Parc and Kaufland, which will directly connect the supermarket to the existing retail area, creating a unified retail zone with a gross leasable area of over 110,000 sqm. The opening of Electroputere Parc mixed-use building is scheduled for the second half of 2018.
