Property investment group NEPI Rockcastle will open its new Promenada Craiova shopping centre this October, following an investment of more than €125M.
The project will include more than 150 stores and will create over 1,500 jobs in the city based in southern Romania. Promenada Craiova shopping zone will have an area of 78,500sq m, of which the new shopping centre, which includes a retail park, will occupy 62,500sq m and the Dedeman store another 16,000sq m.
“We are confident in Craiova’s potential, which is why we decided to implement our newest project outside Bucharest here. At the same time, this is also the largest retail investment to take place in Romania in the last period. Although the market context remains challenging, I am convinced that this is a favourable moment for investments that will boost the national economy while focusing on sustainability and community support,” said Rüdiger Dany, CEO, NEPI Rockcastle.
The shopping centre will host the first Carrefour hypermarket in Craiova as well as the first Lefties store in Romania. Other newcomers in Craiova are technology and software retailers (iStyle), as well as the new types of stores in the Inditex chain.
