German fashion retailer Peek & Cloppenburg has opened its fourth local store in the Mega Mall shopping mall in Bucharest. The 5,000 sqm unit is the largest of its local network.
South African investment fund NEPI (New Europe Property Investments) opened the Mega Mall shopping center in Bucharest this May, following a EUR 165 million investment. The 72,000 sqm (GLA) project is located near the National Arena stadium in the capital.
Mega Mall is the largest investment the South African investment fund has made in Romania so far and the largest modern shopping mall to be delivered this year in the country.
Peek & Cloppenburg has a network of over 60 stores in Germany and another 45 in Austria and Central and Eastern Europe.