Colosseum Mall signs a lease agreement with Douglas, to join the mall’s expansion project

Aurel Constantin 25/01/2022 | 13:16

Colosseum Mall announces that Douglas will be part of its tenant portfolio in its expansion project which is going to be completed and inaugurated in S1 2022. Douglas is the leading premium beauty platform in Europe, with over 2000 stores and more than 160,000 beauty and lifestyle products available on its online and offline networks.

 

Douglas opens its 34th store on the Romanian market in Colosseum Mall and implements the newest premium concept aiming to improve the customer experience and provide customers with its popular portfolio which includes fragrances, skincare, and makeup products, also accessories of luxury and prestige brands.

Lavinia Ivaș, Country Manager Douglas Romania – “We have been monitoring Colosseum Mall retail area for a while now, due to the excellent location in the North-West Bucharest. This is close to the ring road area and it addresses not only Bucharest District 1 residents but also Chitila, Mogosoaia, and Buftea neighborhoods. We believe that this expansion of the shopping center is the perfect opportunity to open a new Douglas store to be closer to our customers living in this area”.

In the past fiscal year (2020/2021), Douglas Group generated sales of 3.1 billion euros. Both physical stores e-commerce and marketplace platforms have contributed to the good business performance of the brand, despite the pandemic context.

Mihai Dinu, General Manager Colosseum Mall –  “Perfumeries, beauty and care products stores are vital for such shopping center. The strategy we are following for our tenant mix is ​​to attract popularly and loved brands that perform and meet the market conditions. We are glad to welcome Douglas and bring the favorite brands closer to Colosseum Mall’s customers”.

Colosseum Mall is close to finishing construction works and inaugurating the new retail spaces which comprise famous international and local brands.

In addition to a diverse range of fashion and accessories brands, Colosseum Mall integrates an attractive food court area connected with outdoor terraces and a 2000 sq m garden designed to accommodate food trucks, children playgrounds, and recreational activities suitable for any season.

Colosseum Mall ended 2021 with a 100% occupancy rate for the current GLA and a 95 % leasing rate for the mall expansion project.

After the inauguration of the new retail spaces, the developer will be focusing on several planned projects which include the construction of a multiple units drive-thru concept along Chitilei Road, as well as a multifamily residential project.

BR Magazine | Latest Issue

Download PDF or read online: July August 2022 Issue | Business Review Magazine

The June 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Companies Embracing Sustainability For A Better Future” Read it online
Aurel Constantin | 02/08/2022 | 10:15

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 business-review.eu
I agree with the storage and handling of my data by business-review.eu

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