EUROPEAN RETAIL PARK BRAILA- THE BIGGEST RETAIL PROJECT FROM BRAILA COUNTY TO OPEN AT THE END OF THIS MONTH

• the retail park will have approx. 44,000 sq m of lettable sourface, • aprox. 80 stores • over 1 million potential buyers

Bucharest, May 5th, 2008 – European Retail Park Braila, the first retail park from the county of Braila and also the most modern shopping center, with a total lettable area of approx. 44,000 sq m and a shopping galery of 14,500 lettable sq m is going to open gates, in a short period of time, at the end of May. The commercial center includes as main anchores big players on the retail market such as: do it your self operator Bricostore with 6,000 letted sq m , Media Galaxy – with 4,500 sq m, a furniture shop with 6,000 sq m, Cinema City, over 3,000 letted sq m – which will open in October and Carrefour hypermarket with a total lettable area of 11,700 sq m - already oppened in December 2007. The total investment in the retail park is of aproximately 60 million Euro. The retail center benefits from 1,400 parking lots. European Retail Park Braila is located 10 minutes from the city center, at the entrance from Bucuresti – Slobozia. The acces is done through European road 577 which continues with the main city bulevard , Calea Calarasilor. The retail park is accesible to all the inhabitants of Braila by the new dedicated public transportations routes due to whom the center will be easier to reach from every point of the city and by the connexion with the European road. The letting process is managed exlusively by one of the world leaders in the development and letting of retail projects: Cushman & Wakefield, through its office in Romania: Cushman & Wakefield Activ Consulting. The Company’s General Manager in Romania, Razvan Gheorghe announced that over 90% from the commercial galery is rented: “Braila needs modern retail spaces. The demand is high and the offer is underdeveloped. The fact that in a city of such a regional weight the retail market is still at the beginning represents a big opportunity for the retailers. The ones that will go there first will benefit from an unique compettive advantage.“, concluded Răzvan Gheorghe. This commercial center addreses to the citizens of Braila city - over 216,000 inhabitants according to the lattest official data but also to those from Galati (a city at 20 km distance from Braila) of aproimately 300,000 inhabitants , as well as to those from neighbour county, Tulcea. Therefore European Retail Park Braila estimates an aproximated number of 1,000,000 potentional buyers. The commercial galery of 14,500 sq m of lettable space, with aproximately 80 stores, restaurants and coffee shops benefits from a modern concept, a mall developed on a single level with two major access points. Among the national and international brands present in European Retail Park Braila, already signed contracts the followings: apparel stores – Takko, House of Art, Hervis, Leonardo, Fox, Kenvelo, Cropptown, Reno, Otter, Nissa, Pieta, Veer, Orsay, Jolidon, Secuiana (with Adam’s), Mondex, Gatta, D’OTTO and Daiso for interior decorations, for recreation Prestige Casino; f or servicesOptiblu (optics & acesories), Miniblu (clothes and accessories for kids ), B&B Colection with 2 stores Kendra – parfums si Splen D’or – luxury accesories, Banca Transilvania, Alpha Bank (banking services), Vodafone (telephony). For spending their free time the retail park offers to its visitors the services of cinema operator - Cinema City, that will open starting with October a multiplex cinema with 12 screens, the first of its kind in the county. European Retail Park Braila will benefit from the management services offered by Cushman & Wakefield Activ Consulting, one of the few consulting companies in real estate that offers property management services on the Romanian market. The total constructed sourface is 70,000 sq m and the land sourface is 126,000 sq m. The investment belongs to Belgian company Bel Rom Real Estate, being the third retail park opened by them in Romania, after European Retail Park Sibiu in the fall of 2006 and European Retail Park Targu Mures, in the fall of 2007. About the companies: 1) Bel Rom Real Estate is a company with Belgian capital that developes several investments projects in Romania. The company announced the construction of over 10 retail parks and malls all over the country two of them being already oppened - : European Retail Park Sibiu (2006) and European Retail Park Targu Mures (2007). The other retail parks and malls will be constructed in cities such as Bacau, Focsani, Deva, Bucuresti – in Colentina, Ramnicu Valcea, Braila (the first phase of the project was inaugurated in December 2007 through the oppening of Carrefour hypermarket) as well as in two other cities where the company already bought lands and will announce them at a latter date. 2) Cushman&Wakefield is the largest private capital property services company in the world. Established in 1917, it has 221 offices in 58 countries and employs more than 15,000 people. It has a very varied client portfolio, from small businesses to large corporations which are amongst the 500 largest companies in the world, according to Fortune magazine. It offers a full range of all-inclusive services in four areas: Transactions, which includes representation of tenants and owners of offices, blocks for industrial and commercial use; Capital markets, which includes management of investment operations, valuation services, investment banking and financing of debt and capital; Client Solutions, which offers all-inclusive property strategies for occupants and owners; and Consultancy Services, devoted to business and property consultancy. The undisputed leader in the world property market, Cushman & Wakefield publishes a whole selection of market surveys which may be found in Knowledge Center on its website www.cushmanwakefield.com.
Tags: retail braila which market company property commercial services center european county cushman lettable wakefield euro

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