The project in Bucharest will feature a 49,500-sqm built area and will be a mix of offices and retail, which should be delivered in April 2010, according to data from the company.
The project in Constanta will feature 55,000 sqm, a 7,000-sqm cinema and 3,200 sqm of offices as well. The project, which will be located in the southern part of Constanta, will be opened in autumn 2009. The shopping park in Arad will be the largest of the three projects planned for Romania, some 90,000 sqm of retail, plus a cinema and a hotel. This project should also be ready in autumn 2009.
The Romanian subsidiary of the company is headed by Theresia Wilfinger. The company, which is active in Austria, Croatia, Slovenia and the Czech Republic, is also building power centers in these countries, but has not yet announced any for Romania.
Krammer & Wagner was previously reported to be building these projects in partnership with Meinl European Land.