The Romanian subsidiary of French sports retailer Decathlon will open a new store in Suceava on the grounds of Shopping City Suceava, the mall owned by British investment fund Argo Real Estate Opportunities Fund (ARGO).
Following the opening of the 1,600 0sqm Decathlon outlet, the shopping mall’s occupancy rate reaches approximately 100 percent, according to company data. The developer projects that the number of visitors will be up by at least 20 percent during the opening weekend.
Decathlon has been present in Romania since 2009. Following this new opening, the retailer reaches a network of 13 outlets. Decathlon is owned by the French Mulliez family who also owns the Auchan food retailer and DIY chain Leroy Merlin, also present in Romania.
ARGO owns 4 shopping centers in Romania located in Sibiu, Suceava, Iasi and Oradea. The one in Sibiu has a gross leasable area of more than 80,000 sqm, making it the largest in the chain. Shopping City Suceava has a gross leasable area of 47,000.