Catinvest invests EUR 36 million in extending ElectroPutere Parc in Craiova

by   CIJ News iDesk V
2024-07-04   12:17
/uploads/posts/2191934c37377fa74226a7787de184ce768a9e84/images/688668127.jpg

The French real estate group, Catinvest, announces the consolidation of ElectroPutere Parc as one of the largest retail centres in Oltenia. This is marked by the opening of a new Leroy Merlin store, covering an extended area of 13,500 sqm, and the acquisition of the former Leroy Merlin that will be converted into a 11,000 sqm extension of ElectroPutere Mall. ElectroPutere Parc now features 100,000 sqm of retail space, along with 24,000 sqm of Class A office space and additional amenities such as a premium apart-hotel.

At the same time, Catinvest acquired from Leroy Merlin their 11,000 sqm former store to further expand ElectroPutere Mall. This new extension will increase the leasable area by 9,000 sqm, bringing the shopping centre to over 62,000 sqm, including Auchan. This development will attract new international brands, including Primark, which will open its first store in Craiova in 2026, covering an area of about 4,500 sqm.

”At Catinvest, our goal is to continuously develop ElectroPutere Parc into a vital hub for the local community and businesses, offering premium facilities for professional activities, shopping, dining, leisure and hospitality. Since our acquisition in 2016, we have multiplied by 4 the size of ElectroPutere Parc. We are convinced that this thriving location still has huge potential for further development,” stated Bertrand Catteau, CEO of Catinvest Group.

Switzerland
Albania
Asia
Austria
Belgium
Bosnia & Herzegovina
Bulgaria
Central Europe
China
Croatia
Czech Republic
Denmark
Estonia
Europe
Finland
France
Germany
Greece
Spain
Hungary
Italy
Kosovo
Latvia
Lithuania
Luxembourg
Moldova
Montenegro
Netherland
North Macedonia
Norway
Poland
Portugal
Romania
Russia
Serbia
Slovakia
Slovenia
Sweden
Ukraine
United Kingdom
USA