Colosseum Centre has secured €23m financing from Credit Europe Bank for the further expansion of a popular retail destination located in North-West Bucharest, Romania. As a result of the current expansion, Colosseum centre will have in total 54,500m² GLA of retail space, becoming the second largest retail scheme in the area. The leasing progress is well advanced with over 80% of the retail units now signed or committed to tenants. These new tenants include CCC, New Yorker, Colin’s, Diverta, Noriel, DM Drogerie Markt, Happy Cinema, World Class, Gregory’s, Café Ritazza, and many others to be announced. The expansion works of the shopping mall began in December 2018 and will be ready for opening in 2020.
“Our project enters now the final straight to completion. We are glad to have beside us partners such us Credit Europe Bank and JLL Romania, which allows the fulfilment of our business goals”, said Mihai Dinu, General Manager of Colosseum Mall.
“We are committed to supporting retail development and to be part of this project that will boost the retail offer in the North-West area of Bucharest, creating diverse opportunities for the residents of the area and around the vicinity. For us at Credit Europe Bank Romania, providing finance for retail developments contributes to the socio-economic wellbeing of the community and responds to the large market potential of Bucharest which continues to attract construction investments.”, commented Yakup Cil, CEO of Credit Europe Bank Romania.