by Property Forum | Retail

The opening of Colosseum Mall in Bucharest, initially planned for the end of 2020, has been rescheduled for 2021, considering the unpredictability of the business environment under the impact of COVID-19 pandemic.

"Together with our retail business partners, we decided to target 2021 for the launch of Colosseum Mall. It is a natural and responsible decision in the current context, mitigating risks both for us as developers and for the brands which joined our project," said Mihai Dinu, General Manager of Colosseum Mall.

Colosseum Mall, an investment of €30 million, is part of the development strategy of the existing retail scheme, present on the Bucharest market for almost 9 years. The Colosseum shopping centre has a 100% occupancy rate and with the opening of Colosseum Mall, the project will comprise 54,500 sqm GLA.

The leasing process of Colosseum Mall is advanced, with over 85% of the spaces already secured.. This extension will consolidate the existing mix of tenants that includes large retailers such as Carrefour, Leroy Merlin, Altex, Jysk, Sport Vision, LC Waikiki & Pepco, and other important brands with various goods and services.

“Although the COVID-19 pandemic has influenced the dynamics of the retail market, Colosseum Mall project remains attractive for the retailers that want to develop and strengthen their offline and online business in Romania in order to create a stronger omnichannel synergy. Just recently we signed with a famous international brand to be announced next week, which has a very strong online presence as well, to open a 2000 sqm flagship fashion store in Colosseum Mall‘, said Doinita Ilie MRICS, Leasing Manager at Colosseum Mall.