News Article asset management Bucharest Cushman&Wakefield Echinox retail Romania shopping
by Property Forum | Retail

The Asset Services department of Cushman & Wakefield Echinox has taken over the administration of the Colosseum shopping centre since October 1st, thus expanding its portfolio in Bucharest with a project in full expansion.

Opened in 2011, Colosseum is located in the northwest of the capital, a developing area in terms of both the subway infrastructure and the residential segment, and regarding the premises for the development of the office sector.

As a result of the expansion, scheduled for next year, Colosseum shopping centre will reach a rentable area of ​​approximately 54,500 square meters. The expanded shopping centre’s list of tenants will include local and international brands, such as New Yorker, Colin's, CCC, Noriel, DM Drogerie Markt, Gregory's, Diverta, Coffee Ritazza, as well as 60 shops, restaurants, cafes and leisure area.

In addition to the existing commercial offer that includes Carrefour, Leroy Merlin, Altex, JYSK, LC Waikiki, Sport Vision and Pepco, the new project will also benefit of a multiplex cinema operated by Happy Cinema, as well as a World Class fitness centre.

Mihaela Petruescu, Head of Asset Services, Cushman & Wakefield Echinox said: “The integrated services offered, the vast experience and the dedication of the leasing and property management teams work very well together, thus this new mandate of the Colosseum project once again confirms the confidence given to us by the developers.”

Colosseum is the third commercial centre in Bucharest under the administration of Cushman & Wakefield Echinox, along with Carrefour Orhideea and Penny Retail Park Fundeni. At the same time, since the beginning of the year, three office buildings from Bucharest, namely Ethos House, Eminescu Office and One Victoriei, have entered the Asset Management portfolio of the company. The Asset Services department manages retail and office projects with a rentable area of ​​over 230,000 square meters in Bucharest and other cities.