S IMMO AG launches new projects
Reshaping of Sun Plaza shopping centre and kick-off of The Mark office project
Stock exchange listed S IMMO AG is launching two projects in Bucharest in the first quarter of 2016: Six years after its opening in February 2010, the Sun Plaza shopping centre is being expanded to accommodate new tenants. An area spanning over 20,000 m² is affected by the refurbishment and will offer space for up to 40 new shops. The final completion of the project is scheduled for the first quarter of 2018.
Launch of “The Mark”
At the same time, S IMMO is starting the office project “The Mark”. The office tower with a connected low-rise building will offer around 28,000 m² of gross floor space. S IMMO aims to obtain a BREEAM sustainability certificate at the “Excellent” level for the project. The central location, outstanding connection to public transport, and an underground parking garage with 275 spaces will also provide a high level of convenience for tenants.
Friedrich Wachernig, Member of S IMMO AG’s Management Board, comments: “We are taking advantage of the clear signs of a recovery in Bucharest and launching two very exciting projects in 2016. Both the field of project development and the region are very important to us, so I am especially happy to see these projects get under way.”
He adds: “We are confident that the reshaping of our Sun Plaza will enhance its position on the retail market and allow it to offer visitors an even wider mix of brands in the future. Our office project ‘The Mark’ is located in the heart of the city on one of the most important main traffic arteries and will enrich the city as a modern landmark upon its completion.”