Real estate developer K&S Developments and retailer Auchan have reached an 80 percent occupancy rate for Electroputere Parc shopping center in Craiova. The project, an investment of EUR 90 million, is scheduled for opening in Q4 2011, according to real estate agency DTZ Echinox.

Electroputere Parc has a total gross lettable area of 55,000 sqm , 1,900 parking spaces and over 120 stores. So far, lease agreements have been signed with retailers from the fashion segment: C&A, NewYorker, Takko, Orsay.

The project includes an Auchan hypermarket and major anchors such as Decathlon, Kiabi, Leroy Merlin, Norauto. The shopping center is being built on the former Electroputere industrial platform in the city.

Irina Popescu, irina.popescu@romania-insider.com