The commercial center Veranda, developed by local Pogonaru family, was inaugurated yesterday near the Obor farmers market, one of the busiest areas in Bucharest.

The mall has a retail surface of 30,000 sqm, with over 100 stores, and a green area of 15,000 sqm. The shopping center’s anchor is the Carrefour hypermarket, which covers over 10,000 sqm.

The shopping gallery includes the first Tati store in Romania, as well as H&M, CCC, Deichmann, Triumph, Pepco, Yves Rocher, Sephora, Splend'or, and Optiblu stores.

The owners, who have invested EUR 60 million in this project, expect to earn an annual rental income of EUR 7.5 million.

The Obor market, which started in the XVII century is one of the most visited in Bucharest. Moreover, some 430,000 people live in the neighborhood. The developer aims to draw these people to the mall and estimates a high number of pedestrian visitors.

The mall was developed on the site of the former Prodplast plastics factory, owned by the Pogonaru family, which was relocated.

editor@romania-insider.com

(photo source: Veranda Mall on Facebook)