Colosseum Mall in Bucharest announced that Douglas will be joining the tenant portfolio of its new expansion project due to be completed in Spring 2022.
Douglas, one of the leading premium beauty retailers in Europe, will be opening its 34th store in Romania within Colosseum Mall. The new store will present the retailer’s newest premium store concept and will display a wide range of luxury brands of fragrances, beauty cosmetics, makeup, accessories, and lifestyle products.
“We have been interested in Colosseum Mall for a while now, due to its excellent location in North-West Bucharest. It is close to the Ring Road area which attracts not only Bucharest District 1 residents but also people living in Chitila, Mogosoaia, and Buftea neighborhoods. We believe that the current expansion of the shopping center is a perfect opportunity now to open a new Douglas store in order to be closer to our customers in this catchment zone”, stated Lavinia Ivaș, Country Manager Douglas Romania.
Douglas Business Success
In Europe, Douglas Group operates over 2.000 stores and offers an assortment of over 160.000 beauty and lifestyle products. In the past fiscal year (2020/2021), Douglas Group generated sales of 3.1 billion euros. Its physical store network and e-commerce platforms have both contributed to the good business performance of the brand during the pandemic.
“Perfumeries, beauty and health care stores are vital for our shopping center. Our strategy is to create a tenant mix that will include the most recognized and loved brands that are also performing well and are meeting the current market conditions. We are glad to welcome Douglas and to bring the most popular international beauty brands closer to Colosseum Mall’s visitors”, stated Mihai Dinu, General Manager of Colosseum Mall.
Colosseum Mall Expansion Project
Colosseum Mall in Bucharest, with a GLA of 38.000 sqm, is close to finishing construction works on its 30 million euro expansion project that will present to its visitors an additional 16.500 sqm of retail space.
The new retail space will be occupied by many famous international and local brands, including Sinsay, New Yorker, Deichmann, CCC, Happy Cinema, Stay Fit, 4F, Teilor, Douglas, English Home, Ac&Co, Colin’s, Smyk All for Kids, Noriel, Mumuso, Optiblu, Helpnet, Flori Vesele, Magic Casino, Superbet Premium Store, KFC, Dristor Kebab, Zodiac Café, Presto Restaurant, Noodle Pack, Bunătăți Ardelenești, Mesopotamia, All For Six, La Galleria, Inmedio ș.a.
Besides new stores, the expansion project also includes an attractive food court area that is connected to outdoor terraces and a 2.000 sqm garden created to accommodate food trucks, a children’s playground, and areas for recreational activities suitable for any season.
Colosseum Mall ended 2021 with a 100% occupancy rate for its current GLA and a 95% leasing rate for the mall’s expansion project.
After the inauguration of the expansion project, the developer of Colosseum Mall will focus on several other planned projects which include the construction of a multiple units drive-thru concept along Chitilei Road, as well as building a multifamily residential project.