The mall developments should take ten years. The investment per unit could even go above EUR 100 million, if land prices should increase, says Marica.
So far, the company has not acquired any land in Romania. ECE entered the local market last year through a partnership with local developer River Invest to build the Sema Parc mall.
The mall, which will cover some 70,000 sqm, will need EUR 150 million investment.
The German developer also took part in the bid to become the Obor mall constructor, but the municipality chose the investors behind the Baneasa project instead.