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The first phase of Colosseum, the retail development of Nova Imobiliare, will open this autumn. The retail park, whose construction is being financed by the Bank of Cyprus, will host tenants such as the first Leroy Merlin store in Romania, electronics retailer Altex and a Carrefour hypermarket.

The EUR 350 million Colosseum development constitutes a total of 190,000 sqm covered shopping mall and a stand alone retail park, with more than 480 shops and over 10,000 parking spaces, constructed on a site of over 600,000 sqm in the Chitila area, northwest Bucharest. The investment is predicted to provide over 5,000 jobs.

The second phase of the project consists of a shopping mall containing 480 stores within a leased area of 137,000 sqm. The mall will feature a marble food court, a 12-screen cinema, 20-lane bowling alley, restaurants and three shopping boulevards: Via Milano, hosting the most popular brands, Corso Capri, targeting fashion conscious teenagers and young people, and Bellini Boulevard, a luxury avenue dedicated to exclusive names. Its opening is scheduled for 2013. Of over 10,000 parking spaces, 8,000 will be covered.

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