S Immo, the developer and owner of the Sun Plaza shopping mall in Bucharest will begin works on refurbishing the retail project, the company announced this Monday. This takes place six years after the Austrian developer opened the 81,000 sqm (GLA) mall and in addition to an overall facelift will also come with changes to the mall’s tenant mix.
The developer says the refurbishment will focus on reshaping 11,000 sqm (GLA) most likely the area of the former 10,000 sqm Mobexpert store which was closed in 2012. This will lead to the creation of some 40 new stores. The upgrading process of Sun Plaza will start in the first quarter of 2016 and is expected to be completed in the first quarter of 2018.
The extension works, designed by architects and engineers from ATP Vienna and coordinated by Optim Project Management, will cover the refurbishment as well as the redevelopment of new space.
Sun Plaza is owned by Austrian S Immo and is managed by real estate services firm CBRE. It is the largest shopping center in southern Bucharest featuring 140 stores and an entrainment area. Its main anchor tenants are Cora, Leroy Merlin, Cinema City, Zara, C&A, H&M, Bebetei and Flanco. In 2015 Sun Plaza reported some 13.5 million visitors.