Fashion House Group plans further expansion in Romania

02
Sep
2020
News - Fashion House Group plans further expansion in Romania #Bucharest #career #Fashion House #outler #retail #Romania

by Property Forum | Retail

Fashion House Group has appointed retail veteran Cornelia Nicolae to the position of Retail Operations Director in Bucharest. In the newly created role, Cornelia will be responsible for launching the Group’s new flagship development, its second in Bucharest, while continuing to drive footfall and sales at its established outlet centre in the capital.


With 24 years of fashion retail experience, Cornelia joins Fashion House Group from Italian fashion brand Stefanel. As Retail Sales Manager for Eastern Europe, she managed the retailer’s operations in Romania, Turkey, Germany, Austria and Poland, overseeing significant revenue growth across 59 direct stores, seven outlets and 350 people.

Her appointment further underlines the importance of Romania to the Group’s ambitions, following its investment in Bucharest with the opening of a second outlet. The 13,000 sqm development, near Cernica (exit from A2 motorway), began construction earlier this year and is scheduled to open by Spring 2021. The centre will accommodate 59 stores is already over 50% let.

With the opening of Fashion House outlet centre Bucharest, Militari in December 2008, the Group not only launched its first outlet venture in Romania, but also a new concept of locating outlet centres within larger retail parks in Central and Eastern Europe. The 15,500 sqm outlet centre boasts 50 store units, with famous brand tenants, with a third phase opening in November 2020 and a final phase due to be unveiled in 2021.




Latest news


New leases

  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.
  • Primark will launch its first retail location in Craiova in early June. The 3,185 sqm store will be situated within ElectroPutere Mall and marks the retailer’s fifth unit in Romania.

New appointments

  • 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.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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