Cocor store to open in September

Newsroom 31/05/2010 | 13:20

The Cocor store in Bucharest, which closed in 2008 for expansion and refurbishing works, will reopen in September, with 74 percent being currently rented out, the company has announced.

At the beginning of last year, the store owner announced that it would open the unit in May if the outlet were more than 85 percent rented. The reconstruction works started in 2008 and entailed an investment of EUR 24.5 million from the owners and EUR 19 million put in through a credit.Besides seismic consolidation, the refurbishing works increased the built surface from 10,000 sqm to 25,000 sqm, while the rentable area grew from 6,000 sqm to 10,000 sqm.

The store, which has been renamed Cocor Department Store, has so far attracted around 90 brands, such as Laura Biagiotti, Calvin Klein Jeans, Celios, Eden Spa, Pierre Cardin, Guara and Levi’s kids.

According to the company, rents in the store stand at EUR 58 per sqm, over the projected EUR 55 per sqm when the project’s financing and feasibility study were drafted.

BR Magazine | Latest Issue

Download PDF or read online: July 2023 Issue | Business Review Magazine

The July 2023 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “At a Crossroads: Budget Deficit Endangering Romania’s Economic
Newsroom | 31/07/2023 | 14:14

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of

    I agree with the storage and handling of my data by

    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue