Romanian mall occupancy rate halves after hypermarket closes down

The occupancy rate of the retail center Galleria in the western Romanian city of Arad will go down by 50% starting June, according to market sources quoted by Mediafax. French-Belgian retailer Cora will close on June 1 the hypermarket it operates within Galleria Arad. It is the first Cora hypermarket which closes down in Romania. Cora is the largest tenant of the Galleria Arad, covering a 9,000 sqm area. “We are in various discussions with other hypermarket operators, as well as with other significant retailers; a possible departure of Cora is not equivalent with ceasing Galleria Arad’s activity,” said Danny Bercovich, CEO GTC Romania, the owner of Galleria Arad, according to Mediafax newswire. Cora closes down hypermarket in Romania Retailer Cora Romania launches home delivery service after signing partnership with TNT editor@romania-insider.com