ZF English

Constanţa still attractive to retail giants: Zara, C&A and New Yorker sign with Maritimo

08.03.2011, 22:09 25

Constanţa, Romania's most visited city, with around 500,000tourists each year, is still attracting international apparelretailers in the malls under construction, with giants Inditex(Zara and another 5 stores), C&A and New Yorker having sealedcontracts to rent spaces of 7,500 square metres in Maritimo mall,which is under construction.

The three retailers are among Europe's biggest players on thismarket, with over 7,000 stores overall, of which 80 are located inRomania. Besides these companies, Cinema City cinema hall operatoralso rented a space to open an eight hall-cinema due to becompleted this autumn, according to Austria's Immofinanz investmentfund, owner of the project.

However, the main anchor of Maritimo Constanţa will be Auchanhypermarket, set to open a 16,000-sqm store, thus taking up almostone third or the project's 50,000-square metre lettable area, aninvestment of around 140m euros, according to the latest estimates.

Constanţa is a city already covered by shopping centres, withCity Park, TOM, Tomis and two shopping galleries in Realhypermarkets as the biggest such investments completed. The factthat these projects have sales above the average of other shoppingcentres in the county makes retailers further expand on thismarket.

Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels

AFACERI DE LA ZERO