Baneasa Developments kicks off new EUR 22 million investment

Baneasa Developments has announced the start of a three-phase EUR 22 million investment to expand the Baneasa commercial area with the construction of three new facilities. The additions – a multiplex cinema, a family entertainment center and a gas station – add a total of 25,000 sqm to the project.

“We believe that this investment is the natural step that Baneasa Developments must now take, when celebrating two years from the opening of the most eagerly awaited fashion mall in Romania,” said Ali Ergun Ergen, CEO of Baneasa Developments.

The multiplex cinema requires an estimated investment of EUR 19 million and will spread over a total of 15,000 sqm to the Baneasa Shopping City. It will have 13 screens and a total seating capacity of more than 2,700. Construction of the cinema will begin this spring and the venue is planned to open by the second half of 2011.

The family entertainment center will have a surface of 4,000 sqm and cost EUR 1 million to build. It will be developed on top of the center’s food court. Its opening is planned for spring 2011. The third part of the investment is a EUR 2 million gas station, the construction of which is expected to begin this year.

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