| |
        
|
 Address:
13, Charles de Gaulle Square, 011857, Bucharest, Romania
© 2008 Avrig 35. All rights reserved. Avrig 35 refers to the member firms of Avrig 35 Group, each of which is a separate and independent legal entity.
|
|
 |
News
|
back
Avrig 35/Cascade Group announce for 2012 the opening of Pallady Shopping Center the biggest commercial center in Eastern Bucharest
The Pallady Shopping Center project's representatives, Avrig 35 and Cascade Group, joint venture partners, officially announce the signing of the contracts with the hypermarket chain Auchan and with Decathlon, the most considered sports store in Romania.
The project is located in the third district, the most heavily populated sector in Bucharest, at 50 Theodor Pallady Bd. The main anchors are Auchan - which is building here the biggest hypermarket in Eastern Europe, with a total surface of no less than 30,000 sq m and Decathlon - with a 7,000 sq m store. In addition to these, the development will also contain a DIY store (15,000 sq m), Furniture & Decoration (25,000 sqm), as well as a 20,000 sq m Commercial Gallery with over 110 stores. Thus, the commercial surface totalizes over 100,000 sq m and the construction will begin soon with the first stores to be opened in H2 2012.
The entire project will be built on 10 Hectares of land and benefits of over 800 meters of street frontage for maximum visibility. The commercial complex will also have 3000 above and below ground parking spaces for complete ease of entry and exit by car.
Auchan opens in Pallady Shopping Center its biggest hypermarket in Eastern Europe, with a total surface of 30,000 sq m, out of which 20,000 selling area, situated on two levels - ground- and first floor. Also the product range will be extended to 75,000 articles.
"It is a great joy for me to be able to already announce the opening of a new Auchan Hypermarket in Romania, which at the same time represents a unique commercial concept on the market, through its dimensions and through the much larger range of products. I am convinced that the inhabitants of Bucharest will know to fully appreciate the advantages offered by Auchan - small prices for all the products and the large range of quality articles - now in a way improved by the comfort of a very big store. Not lastly, the unique attractiveness offered by Pallady Shopping Center through its diversity of the existing stores and its location in a very accessible area, convinced us of the fact that this is the place we must open this giant hypermarket", says Patrick Espasa, general director Auchan Romania.
To its turn, the Decathlon store, on a 7,000 sq m surface, will offer to its clients varied articles, for no less than 60 sports, among which there are: equipment for mountain sports - hiking, climbing, walking, articles for team sports, for racket sports, equipments for horse riding, hunting, fishing, fitness and town sports - roller-ice skating and cycling. "In the same time, due to the location of the commercial center near the highway with goes to the seaside, we will lay emphasis on the water sports, swimming, diving, surfing. Besides, we will have a swimming pool in front of the store for a month, during the summer, in order to allow our customers to freely enjoy swimming or diving", says Fabrice Beschu, General Director Decathlon Romania.
Pallady Shopping Center will have excellent access by car, but also by public transport - metro, tram and bus, allowing a short commute from almost any location in Bucharest. Theodor Pallady Bd. is the one of the main arteries for exiting Bucharest and practically connects the capital to Constanta through the Sun Highway (Autostrada Soarelui). This means large amounts of traffic on a daily basis especially during the summer.
For an even better access for the customers traveling by metro, the recently opened Nicolae Teclu metro stop will have a direct link into the shopping center.
Regarding the leasing of the commercial spaces in Pallady Shopping Center, important international and Romanian retailers have shown interest and are in advanced stages of negotiations. Among the most known future tenants are Deichmann, Burger King, KFC, McDonalds, Takko, New Yorker, Sprider, Cache Cache, Pet Center, Tina R, Jysk, Starbucks, Marks and Spencer, Forever 18 and Diverta.
The DIY and furniture store names will also be announced in the coming weeks which, with the already announced anchors, will solidify Pallady Shopping Center as one of the top retail parks in Romania. Due to these advantages, the estimated traffic is of 9 million visitors per year.
"We are proud to push forward with the Pallady Shopping Center development with the credible international retail partners joining thus far. The involvement of these big names in retail, like Auchan and Decathlon, solidifies the development and underlines the vision that we had from start, that Palldy Shopping Center will soon become one of the most successful retail areas of Bucharest. The investment of over 80 million Euros will be one of Avrig 35’s biggest to date and we hope to continue our reputation of quality and on time delivery" said Matthew Proskine, Director of Marketing Avrig 35/Cascade Group.
- Avrig 35 was founded in 1999 by four American investors and is a pioneer in the Romanian real estate development industry. The company draws upon the significant real estate experience of its owners to approach ambitious projects in different areas of the Romanian market ranging from the development of a diverse portfolio of Class A office space, retail, residential and industrial properties.
- Avrig 35 has won important real estate awards such as Developer and Development of the year 2005, The ECCS European Steel Design 2005 Award. The company is also the developer of the 40,000 sqm international award winning architectural landmark Charles de Gaulle Plaza. Avrig 35 has begun construction on a 30,000 sqm, two building office complex, located in the transportation hub of Bucharest, near Piata Obor, called Avrig 7 Business Center. Avrig 35 is also close to completing three stand alone box units in the Iris Shopping Center Titan including Kiabi, Norauto, World Class and Go Sport with openings beginning in February 2010.
- Please visit the www.avrig35.ro website for more details on Avrig 35 and its various projects.
|
|
 |
|
|
|
 |
Avrig 35 Group
Avrig 35 Group was established in 1999 by four American investors. Since its inception the Group has grown to become one of the leading real estate developers in Romania. The company draws upon the extensive experience of its owners and employees to approach ambitious projects in different sectors of the Romanian market. Our ability to deliver exceptional services and value to our clients derives from the strength of our investment analysts and construction professionals working together towards a common goal.
details » |
 |
|
|
|
|
