A brand-new mall in the southern city of Targoviste will open in August, three months later than scheduled due to the coronavirus pandemic.
The Dambovta Mall, the first in the county of Dambovita, is a 50 million euro investment which is expected to create 1,000 jobs, Realitatea Plus reported.
The 33,000 square meter shopping center is being built by MAS Real Estate, a real estate investment company listed in Luxembourg and Johannesburg with headquarters in the Isle of Man.
It was expected to be opened in late May, but malls have been closed in Romania since March due to the health crisis. They are expected to reopen on June 15.
The company has malls in Arad, Bucharest, Baia Mare and Roman in northeast Romania.
The real estate developer also said it is moving on with refurbishment and reconfiguration works of Atrium Mall in Arad and development works in relation to Marmura Residence residential complex.
The company didn’t invoice non-essential tenants for April and May at its malls in Romania and Bulgaria, Economica.net reported.
MAS Real Estate has acquired and developed a portfolio of retail, office, industrial, logistics and hotel properties in Romania, Germany, Britain, Bulgaria, Poland and Switzerland.