Real estate developer Sonae Sierra has leased 1,125 sqm in River Plaza Mall in Ramnicu Valcea to supermarket Billa, the company has announced. This will be Billa’s second supermarket in the city. Recently Sonae Sierra leased 3,000 sqm in another one of its malls, Adora Mall in Craiova, to Cinema City.
River Plaza Mall has a total of 11,950 sqm of leasable area, with 90 stores. In 2009, the shopping center had 2.5 million visitors. Besides Billa, the latest addition to River Plaza mall has been German retailer Takko, which opened a store in the center in December last year.
Sonae Sierra’s shopping mall in Craiova, which is under construction, is said to require a EUR 140 million investment. The Portuguese developer owns 52 shopping centers in seven countries. In Romania, besides River Plaza Mall, it was also partnering Caelum Development in developing Parklake Plaza in Bucharest, a project which has been halted, according to the most recent information.
Billa is part of German Rewe Group, which also runs stores in Romania under the Penny Market brand.