The opening will be synchronized with the reopening of the shopping centre, previously known as Era Shopping Park. Prime Kapital has upgraded and extended the project, which has been rebranded as Mall Moldova.
"The entire region of Moldova represents an emerging pole of development in Romania. Investments in infrastructure and urbanization facilitate access to and from this area, creating opportunities for new businesses and a favourable environment for attracting international operators. The real estate potential is supported by economic dynamics and the increased interest of investors to intensify their presence in this part of the country, with Iași representing the central point of attraction for the entire region," says Bogdan Marcu, Partner Capital Markets at Cushman & Wakefield Echinox, the agency that brokered the lease deal.
Mall Moldova will have a leasable area of 110,000 sqm and will host more than 250 local and international brands.
Leroy Merlin's network comprises 22 stores across 16 Romanian cities.
