Confident in Romania

Despite this optimism, he admitted that the situation wasn’t all together rosy, with the effects of the credit crunch still very much in evidence on the market. “We’re still in the crisis here, but you can see small steps towards improvement,” he added. The 30,000 sqm shopping centre, which opened on October 3rd, clearly represents one of these small steps. The mall is anchored by a 13,000 sqm Cora hypermarket, while service outlets are situated on the ground floor. Its fashion boutique offer can be found in the upper gallery. The company claims to have turned down potential tenants looking to open fashion stores on the ground floor, with the only exception being a two-storey H&M store. Nevertheless, the mall was close to 95 pct leased on its opening day. One conspicuously empty area is the 1,500 sqm entertainment section, a space which is likely to be the eventual location of a restaurant, a bowling alley and a climbing wall. Negotiations are currently unde