Bucharest shopping center leases three-quarters of its new area

Bucharest shopping center Sun Plaza, which is currently working on an expansion project, has already leased three-quarters of the mall’s new area. The work on Sun Plaza’s expansion has begun in the first quarter of the year and will be completed by March 2018, reports local Profit.ro. The new area will include 40 new stores, and will have new brands, such as Forever 21, among its tenants. The anchor tenants, including H&M and C&A, will also relocate and modernize their stores. At the beginning of this year, the Austrian company S Immo increased by EUR 20 million the capital of the company Societate Dezvoltare Comercial Sudului (SDCS), which owns the Sun Plaza shopping mall. Last year, SDCS had a turnover of EUR 15.7 million, slightly lower than in 2014. The mall was opened in the south part of Bucharest in 2010 and has over 130 stores. editor@romania-insider.com