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Fund Plans 600,000-SF Retail Center in Romania

BUCHAREST-When the Bucovina shopping center opens in 2008, it will be the region's largest.

By Anita Howarth | Updated on December 06, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

BUCHAREST-North Real Estate Opportunities Fund plans on making its second investment in Romania with the euro 60-million ($79.8-million) development of the Bucovina Shopping City in Suceava. The 592,020-sf Bucovina shopping center is scheduled to open in April 2008 and will be the largest shopping center in the region.

Retail tenants are already lining up for space in the center. French supermarket operator Carrefour Hypermarket and German furniture retailer Mobexpert have signed up to anchor it. The center will also include a 129,168 sf retail gallery with more than 80 stores.

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