Dambovite Mall 2

Dambovita Mall – New Shopping Center in Romania

By Retail SEE Group / August 30, 2019

Dambovita Mall, the first large shopping center in Dambovita county developed by Prime Kapital and MAS Real Estate Inc., is scheduled to be completed in the second quarter of 2020.

The project will comprise of 33,00 sqm of GLA, offering approximately 150 stores and many entertainment and leisure facilities.

It will be located in a densely populated residential area, 2 km from Targoviste city center and near the city’s train station. Thanks to its strategic location, Dambovita Mall will serve a large catchment area of 344,000 residents.

The project is a 50 million EUR investment and represents one of the largest private investments in this region.

A STRONG TENANT MIX

Dambovita Mall is already 80 percent pre-leased and has secured major tenants such as Colin's, C&A, CCC, Various Brands, LC Waikiki, OptiBlu, Kendra, XXII, Boutique 17, Sinsay, Otter, Orsay, Mango, New Yorker, Intersport, DM, Penti, Pepco, Hervis and various others.

The shopping center will house the first Starbucks store in Targoviste, which is expected to become a major attraction for its visitors. In addition, the mall will also become home to the largest hypermarket in the county spreading across 10.000 sqm, operated by the retail giant Carrefour.

ENTERTAINMENT & GASTRONOMY

Dambovita Mall will feature a strong entertainment component, aiming to position itself as the leading social hub in Targoviste. Confirmed tenants in the mall include Cinema City, the biggest cinema operator in Romania which will offer 6 cinema halls, Kiddo playground and Casino Million.

The Center’s food court area will host a myriad of restaurant concepts run by famous local and international operators such as KFC, Jerry's Pizza, Chopstix, Dabo Doner, Mesopotamia, Spartan, Tucano Coffee, Al Wady, Pep Pepper and Meda Cafe.

ABOUT THE INVESTORS

Prime Kapital is an integrated real estate developer, investor and operator with a focus on Central and Eastern Europe. The company employs an experienced team of more than 200 real estate professionals, covering the entire real estate value-creation chain.

Prime Kapital has a portfolio of more than 20 projects, comprising mainly development projects in various stages of completion and several income properties.

View the investor's full portfolio on their official website.

MAS Real Estate Inc (MAS) is the pre-eminent real estate investment and development company with a substantial development pipeline in Central and Eastern Europe (CEE).

MAS acquires, develops and operates retail, office, industrial, logistics and hotel assets in both western Europe and CEE.

View the full portfolio of MAS HERE.

READ MORE ABOUT MAS ACQUISITIONS IN ROMANIA

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