IMMOFINANZ announces the start of a refurbishment process of VIVO! Baia Mare

Mihai-Alexandru Cristea 05/05/2021 | 12:41

IMMOFINANZ, one of the most important investors on the real estate market in Romania, announces that starting with June 1st, will start a refurbishment process of the VIVO! Baia Mare shopping center. The refurbishment works will bring new tenants in the center’s portfolio and will cover a total area of more than 10,000 square meters, the equivalent of one third of gross leasable area of VIVO! Baia Mare and will be completed in the 4th quarter of 2021.

 

“We continue to invest in strengthening the company’s position in the retail and office segments. The decision to refurbish the shopping center in Baia Mare is based on the company’s confidence in the potential of the market and the region. We want to remain the main destination for shopping and entertainment in the region and to contribute to improving the shopping experience of our customers”, said Fulga Dinu, Country Manager Operations IMMOFINANZ Romania.

The new space resulting from the refurbishment and extension works of the mall will be occupied by a famous food anchor brand on the local market, as well as important fashion and sports brands, some of them, a premiere for the local market. Also, some of the current tenants have opted to expand the area of their stores or to occupy other areas in the mall.

VIVO! Baia Mare currently has a gross leasable area of roughly 32,000 square meters.

In the retail segment, IMMOFINANZ has three other shopping centers in Romania, located in Cluj Napoca, Constanța and Pitești. The retail portfolio is completed by the retail park SHOP SHOP in Botosani. The shopping centres owned and managed by IMMOFINANZ in Romania have an occupancy rate of over 98%.

In 2019 IMMOFINANZ carried out a similar refurbishment process of VIVO! Cluj Napoca, and the modernized area at the end of the works was 22,000 square meters.

BR Magazine | Latest Issue

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

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Mihai-Alexandru Cristea | 19/12/2022 | 18:45

    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
    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