NEPI Rockcastle invests €30 million in Shopping City Galati

08
Nov
2017
News - NEPI Rockcastle invests €30 million in Shopping City Galati #Galati #mall #NEPI Rockcastle #renovation #retail #Romania #shopping

by Import Sys | Retail

NEPI Rockcastle has invested nearly €30 million in the expansion and modernisation of Shopping City Galati and the first brands that will appear following the expansion will be inaugurated on November 16. An additional 21,000 sqm was added to the 27,000 sqm shopping centre.

A number of new tenants are set to open stores on 16 November, including Hervis, Lee Cooper, Levi’s, Sephora, Douglas, Panhore, Kultho, MeliMelo Home, Pizza Hut, Starbucks and Cinema City, Pull & Bear, Bershka and Stradivarius.
 
The expansion and modernisation process targeted the construction of a new level for the entertainment zone, which includes a cinema, restaurants, coffee shops and an outdoor terrace.
 
NEPI Rockcastle’s development strategy, which was also applied for Shopping City Galati, is a mix between strategic partnerships with international brands and the development of the local economy, through the access offered to local brands.
 
Photo: nepinvest.com

Galati mall NEPI Rockcastle renovation retail Romania shopping


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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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