Nova Imobiliare, the company that owns the Colosseum retail park in Northern Bucharest, will invest some EUR 30 million in expanding the project with a mall.

The Colosseum mall will have a leasable area of 16,500 sqm and will be an extension of the current shopping area, which includes a Carrefour hypermarket and a Leroy Merlin do-it-yourself store, among others.

The new mall will host shops, restaurants as well as a World Class fitness complex and a multiplex cinema operated by Happy Cinema. It should open in the first part of 2019.

The Colosseum retail park currently has a leasable area of over 53,000 sqm and is fully let.

Nova Imobiliare is controlled by British investor of Cypriot origin Panico Panayi.

editor@romania-insider.com