Immoeast delays Romanian mall schemes

Lack of demand from retailers and the general property malaise are behind Immoeast’s alleged decision to delay delivery of 10 malls by at least a year. Romanian daily Ziarul Financiar reports that among the projects Immoeast seems to be putting on ice are West Gate Craiova, Gold Plaza Baia Mare, Euromall Galati and Polus Center Constanta. All were due to open this year. While no confirmation from Immoeast has been given, the paper says its claim is based on interviews with Immoeast’s development partners.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s