The opening of Colosseum Mall, initially planned for the end of this year, is rescheduled for 2021, considering the unpredictability of the business environment under the impact of Covid-19 pandemic.
“Together with our retail business partners we decided to target 2021 for the launch of Colosseum Mall. It is a natural and responsible decision in the current context, mitigating risks both for us as developers and for the brands which joined our project.” Says Mihai Dinu, General Manager Colosseum Mall.
Colosseum Mall, an investment of 30 million euros, is part of the development strategy of the existing retail scheme, present on the Bucharest market for almost 9 years and with notable performances each year.
The leasing process of Colosseum Mall is advanced, with over 85% of the spaces already secured. The mix of tenants includes well-known brands from the fashion, food and entertainment segments.
“Although Covid-19 pandemic has influenced the dynamics of the retail market, Colosseum Mall project remains attractive for the retailers that want to develop and strengthen their offline and online business in Romania in order to create a stronger omnichannel synergy. Just recently we signed with a famous international brand to be announced next week, which has a very strong online presence as well, to open a 2000 sq m flagship fashion store in Colosseum Mall.” Says Doinita Ilie MRICS, Leasing Manager Colosseum Mall.
Colosseum Mall will be enjoyed by the community living North-West Bucharest and aims to strengthen its position as first-choice destination when it comes to shopping & leisure opportunities in the area.
This extension will consolidate the existing mix of tenants that includes large retailers such as Carrefour, Leroy Merlin, Altex, Jysk, Sport Vision, LC Waikiki & Pepco, and other important brands with various goods and services.
The Colosseum shopping centre has 100 % occupancy rate and with the opening of Colosseum Mall, the project will count 54.500 sq m GLA.