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Erste subsidiary to open Romania's largest shopping centre

Sun Plaza shopping centre in Romanian capital Bucharest, the largest in the country, will open on 25 February following a 200 million Euro investment.

Romanian Times reported the news announced by Austrian investor Sparkassen Immobilien AG and Romania-registered developer EMCT yesterday (Thurs).

The project's completion has been postponed several times. Work was initially scheduled for completion in 2008. In October 2009, the two investors announced the shopping centre would open on 18 February 2010.

Sun Plaza will have 150 stores and 2,000 parking places and be connected to Piata Sudului subway station through an underground passageway. The mall will have an area of 210,000 square metres, of which 80,000 square metres are retail space.

Cora hypermarket, Austrian tools store Baumax, Mobexpert and Flanco are some of the retailers opening stores at Sun Plaza. Mall stores will carry such Inditex's brands as Zara, Pull and Bear, Bershka and Stradivarius.

Sparkassen Immobilien, the real-estate division of Austrian Erste Bank group, owns land in Romania, some in the Grivita area of Bucharest, where the company is planning to build an office building and a four-star hotel, and some in Jilava near Bucharest, where the investor may build a shopping mall.

Romanian-registered EMCT is owned by two French businessmen.

Austrian Times

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brands Plaza Romania businessmen stores shopping investor Bucharest Immobilien Erste mall largest completion Inditex EMCT Austrian Flanco registered Zara Sparkassen

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