04. September 2012 
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H&M opens at Shopping City Sibiu
The global real estate consultant DTZ Echinox has mediated the leasing of a 1,554 m² unit at Shopping City Sibiu to the Swedish group Hennes&Mauritz, acting as advisor for the landlord. H&M will open in Sibiu the 17th unit of their retail chain in Romania. The store will be located within Shopping City’s comercial gallery.
We are pleased to announce the opening of H&M’s first store in Sibiu this autumn, at Shopping City. H&M’s presence in our shopping centre, reconfirms Shopping City Sibiu as the main retail destination in this region and one of most important shopping centers in Romania.” stated Graham Kilbane, COO at Argo Real Estate Opportunities Fund.
“H&M continue their expansion in Romania. After a presence of more than one year on the Romanian market, we are very satisfied with our results and we are glad to see that Romanian customers appreciate high quality fashion at most affordable prices. We are enthusiastic to open new stores in more Romanian cities, so that our products will be reachable throughout Romania”, stated Ewa Jarzemska, Marketing and PR Manager of H&M.
„The opening of the H&M store will add value and atractiveness to the tenant mix of Shopping City Sibiu. The expansion of the Swedish retailer also proves that the most important fashion retailers continue to capitalize the opportunities the local market is offering, and they continue to extend in succesful shopping centres from Romania.” commented Razvan Sin, Head of Retail Department at DTZ Echinox.
DTZ Echinox is today at its seventh collaboration with H&M. Over the last two years, DTZ Echinox has been involved as advisor to Anchor Group (Bucharest Mall, Plaza Romania), EMCT (Sun Plaza), K&S (Electroputere Parc), Atrium Centers (Atrium Center Arad) and Lotus Market (Lotus Center) for securing lease agreements with H&M accounting for a total of over 11,500 m² of retail space.
Part of the portfolio of the British investor Argo Real Estate Opportunities Fund, Shopping City Sibiu was opened in 2006 and has 80,000 m² GLA, being the largest commercial development outside Bucharest. Since its opening, Shopping City Sibiu has been going through a continuous development process attracting new anchors and constantly improving its tenant mix. Now the shopping centre accomodates some of the biggest retailers operating on the Romanian market: Real, Carrefour, Baumax, Altex, Flanco, Domo, Mobexpert, KFC, C&A, New Yorker, Takko, Deichmann, Hervis, Orsay, Humanic, Douglas, DM and, starting with this autumn, H&M.
With an anual traffic of 10 milions visitors, Shopping City Sibiu is the main shopping destination in Transilvania. In January 2010, DTZ Echinox was appointed by Argo Real Estate Opportunities Fund as provider of property management services for Shopping City Sibiu and Shopping City Suceava.
We are pleased to announce the opening of H&M’s first store in Sibiu this autumn, at Shopping City. H&M’s presence in our shopping centre, reconfirms Shopping City Sibiu as the main retail destination in this region and one of most important shopping centers in Romania.” stated Graham Kilbane, COO at Argo Real Estate Opportunities Fund.
“H&M continue their expansion in Romania. After a presence of more than one year on the Romanian market, we are very satisfied with our results and we are glad to see that Romanian customers appreciate high quality fashion at most affordable prices. We are enthusiastic to open new stores in more Romanian cities, so that our products will be reachable throughout Romania”, stated Ewa Jarzemska, Marketing and PR Manager of H&M.
„The opening of the H&M store will add value and atractiveness to the tenant mix of Shopping City Sibiu. The expansion of the Swedish retailer also proves that the most important fashion retailers continue to capitalize the opportunities the local market is offering, and they continue to extend in succesful shopping centres from Romania.” commented Razvan Sin, Head of Retail Department at DTZ Echinox.
DTZ Echinox is today at its seventh collaboration with H&M. Over the last two years, DTZ Echinox has been involved as advisor to Anchor Group (Bucharest Mall, Plaza Romania), EMCT (Sun Plaza), K&S (Electroputere Parc), Atrium Centers (Atrium Center Arad) and Lotus Market (Lotus Center) for securing lease agreements with H&M accounting for a total of over 11,500 m² of retail space.
Part of the portfolio of the British investor Argo Real Estate Opportunities Fund, Shopping City Sibiu was opened in 2006 and has 80,000 m² GLA, being the largest commercial development outside Bucharest. Since its opening, Shopping City Sibiu has been going through a continuous development process attracting new anchors and constantly improving its tenant mix. Now the shopping centre accomodates some of the biggest retailers operating on the Romanian market: Real, Carrefour, Baumax, Altex, Flanco, Domo, Mobexpert, KFC, C&A, New Yorker, Takko, Deichmann, Hervis, Orsay, Humanic, Douglas, DM and, starting with this autumn, H&M.
With an anual traffic of 10 milions visitors, Shopping City Sibiu is the main shopping destination in Transilvania. In January 2010, DTZ Echinox was appointed by Argo Real Estate Opportunities Fund as provider of property management services for Shopping City Sibiu and Shopping City Suceava.
