Cotroceni mall to open in September, ahead of schedule

Newsroom 11/05/2009 | 16:44

On top, the project delivers 2,500 parking spaces, a Real supermarket, 20-room 3D Imax cinema complex and a go-karting ring in the mall's entertainment area.
Last year, developer AFI Europe announced it had obtained financing of EUR 234 million from Hypo Real Estate Bank for the Cotroceni Park development, launched in 2007. The loan is granted for eight years and will cover 80 percent of the entire investment, which is estimated at almost EUR 300 million. The commercial center and one office building to be launched this year are part of the project's first development stage, while the second stage will deliver four office buildings of 12,000 sqm in total and a five-star hotel.
Besides this large project, AFI Europe has announced that it would start two retail projects located in Ploiesti and the Bucurestii Noi area of Bucharest, under the brand AFI Palace. The company is awaiting the construction permits.
Magda Purice

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