Romanian Altex Group opens EUR 4 mln shopping center in Alba Iulia

Romanian company Altex Group, which runs the Altex IT&C retail chain in the country, has recently opened the Alba Iulia Retail Park, a new shopping center in the Romanian city of Alba Iulia, in Transylvania. Cometex, the real estate arm of this group, has invested EUR 4 million in this new project. The Altex store in the new commercial center has an area of 1,500 sqm and joins international brands like Takko Fashion, Deichmann, and Drogerie Markt. Altex Group representatives expect the new shopping center in Alba Iulia to attract over 7,000 visitors per day, hoping to see it grow by 20 percent in the first year. The new shopping center was built on an area of 9,544 sqm owned by the company, and is located between the Profi and Kaufland stores in the city. Altex Group, owned by Romanian investor Dan Ostahie, includes Altex Distribution and Cometex. Its real estate division has a portfolio of five shopping centers in Buzau, Brasov, Suceava, Falticeni and Alba Iulia, as well as office spaces, retail spaces and land plots in Suceava, Falticeni and Piatra Neamt, North of Romania. Irina Popescu, irina.popescu@romania-insider.com (photo source: Cometex)