Real4You obtains the PUZ for MegaMall

On December 13th 2011, Real4You Group has obtained the PUZ (Zonal Urbanistic Plan) for their 70,000 m² project in Bucharest, MegaMall, located on the site of the former Electroaparataj plant. Only months from the appointment of new agents, the project is approximately 20% leased. The real estate consulting companies Colliers and DTZ Echinox are co-exclusive leasing agents for the four MegaMall projects in Romania.

The issue of the PUZ for the land plot is an important milestone in the construction calendar of the project and a key element for the attainment of the building permit and construction start in the second half of 2012.

The recently signed tenants are located on the first underground level of MegaMall, occupying approximately 20% of the leasing surface of the shopping center. The stores will benefit of easy access to the underground parking, with over 2,300 units, as well as of a direct connection to the metro station scheduled for delivery in the immediate proximity of the project.

MegaMall Bucharest is a 70,000 m² mall to be developed at the junction of Iancului and Pantelimon roads, on the former industrial platform Electroaparataj. The scheme will benefit from a catchment area of over 1.2 million inhabitants and it is the first to address the shopping needs of people living in the Eastern side of Bucharest.

Real4You Group also will develop several shopping centers throughout Romania, in cities such as Satu Mare, Focsani and Targu Mures, branded as Mega Mall. The countryside shopping centers will have between 18,000 m² and 22,000 m² each and will be anchored by a hypermarket or a supermarket. Outside the country, Real4You will next start the construction works of Mega Mall Sofia in February 2012.