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Suceava Shopping City

Location: Suceava, Romania

Suceava Shopping City is a GLA 48,000 sq. m shopping center in Suceava, an investment of Argo Real Estate.

Sector
Retail
Location(s)
Romania

Shopping City Suceava, one of the key retail developments in the city, opened in Q1 2008. The project comprises 47,000 sqm GLA and serves a large catchment area including Suceava and neighboring cities – Falticeni, Radauti, Vatra Dornei, Botosani sau Dorohoi. The project is located on Calea Unirii, 5 minutes’ drive time from the city centre.

With a GLA of 47,000 sqm, Shopping City Suceava includes one hypermarket – Carrefour, Mobexpert (furniture), Baumax (DIY) and Media Galaxy, Flanco (electronics) as anchor stores. The park features a shopping gallery hosting 120 retailers, both local and international.
A well-proportioned Foodcourt area provides an array of preferred brands as well a diverse cuisine including multinationals such as KFC.

GLA 47,000 sq. m
No of retail units 120
Parking 1,500 lots
Anchor tenant Carrefour
Argo Group Limited
May 02, 2016 - Managed by Argo Group, Argo Real Estate Opportunities is a close-end fund that invests primaruly in the... read more
Three Cinema Theaters to Open in Suceava in 2015
May 13, 2015, 14:41, (Property Xpress) - Three cinema theaters are scheduled to open by the end of the year in the Romanian city of Suceava, which ...   read more
Decathlon to Open 1,600 Sq. m Store at Shopping City Suceava
March 18, 2014, 12:21, (Property Xpress) - Decathlon, the largest European sporting goods retailer, with a Romanian business of EUR 43.7 mln in 2012, ...   read more
Argo Real Estate Romania Shopping Centers Suffer Decline in Value
July 09, 2013, 12:54, (Property Xpress) - The four Romanian shopping centers owned by the UK-based Argo Real Estate Opportunities Fund were evaluated at ...   read more
Argo Generates EUR 37 mln in Revenue from Properties in Romania, Ukraine
April 01, 2013, 15:02, (Property Xpress) - The four Romanian shopping centers owned by British Argo Real Estate Opportunities Fund (Argo) generated ...   read more
Statistics Provided for Romanian Shopping Centers
August 26, 2011, 8:09, (Property Xpress) - Vitantis Shopping Center in southern Bucharest and Moldova Mall in Iasi, taken over this year for EUR 5.0, saw ...   read more
Update: Argo Real Estate to Acquire Two Shopping Schemes in Romania
August 18, 2011, 12:43, (Property Xpress) - British investment fund Argo Real Estate Opportunities Fund (AREOF), which earlier this month announced ...   read more
Argo Real Estate Provides Updates on Regional Investments
June 30, 2011, 10:09, (Property Xpress) - Argo Real Estate Opportunities Fund today announced its results for the six month period ended March 31, 2011. ...   read more
Argo Real Estate Sees Rental Income Decrease in Romania
February 03, 2011, 13:38, (Property Xpress) - Argo Real Estate Opportunities reduced its rental income from Romanian Sibiu Shopping City and Shopping City ...   read more
New Yorker and Hugo Boss Open Next Stores in Romania
December 03, 2009, 14:42, (Property Xpress) - German fashion retailer New Yorker will open its 10th store in Romania on December 5. The unit will occupy 800 ...   read more
New Yorker Leases 1,000 sq. m at Shopping City Suceava
October 14, 2009, 11:25, (Property Xpress) - New Yorker, one of the largest German clothing retailers, will open a 1,000 sq. m store at Shopping City ...   read more
AREOF Turns to EUR 55.8 mln Pre-tax Loss
June 30, 2009, 7:23, (Property Xpress) - Argo Real Estate Opportunities Fund Limited (AREOF), closed-ended investment company formed for investing ...   read more
Argo Fund Satisfied with 2008 Results
February 12, 2009, 14:30, (Property Xpress) - Argo Real Estate Opportunities Fund Limited, active in the commercial property markets of the CEE, said its ...   read more
AREOF Announces Loan Refinancing for Mall Project in Romania
September 15, 2008, 8:06, (Property Xpress) - Argo Real Estate Opportunity Fund Limited (AREOF), a Guernsey based closed-ended company, investing in the ...   read more
Argo Real Estate Announces Results to March 2008
June 27, 2008, 9:59, (Property Xpress) - Argo Real Estate Opportunities Fund Limited, a closed-ended investment company for investing primarily in the ...   read more
Carrefour and BauMax Open Store in Suceava Shopping Park, Romania
March 05, 2008, 14:15, (Property Xpress) - The EUR 70 mln first retail park in Suceava, Shopping City Suceava, will be open in April 2008. First tenants ...   read more
NRE Continues Expanding to Ukraine
January 02, 2008, 9:28, (Property Xpress) - North Real Estate Opportunities Fund Ltd (NRE) has announced its joint venture development of the 50,000 sq. m ...   read more
North Real Estate Registers Profit and Continues with 'Significant' Pipeline
September 24, 2007, 15:22, (Property Xpress) - The Guernsey-based closed-ended investment company North Real Estate Opportunities Fund Ltd posted a pretax ...   read more
Suceava Anchor Tenant Units Fully Leased
July 19, 2007, 10:22, (Property Xpress) - North Real Estate Opportunities Fund Ltd, managed by Absolute Capital Management Property Limited, has ...   read more
Western European Fund Plans New Deals in SEE, Primarily in Romania and Ukriane
May 31, 2007, 10:58, (Property Xpress) - AIM-listed financial vehicle has announced its intention to secure further developments and acquisitions ...   read more
North Real Oportunities Expands Its Projects
February 07, 2007, 10:39, (Property Xpress) - North Real Estate Opportunities Fund (NRE), owner of the last November purchased EUR 83 mln worth Retail Park ...   read more
Market Research in ARGO Shopping Centers
March 17, 2014, 18:02, (Property Xpress) - According to a market research conducted in the shopping centers that Argo (Argo Real Estate Opportunities ...   read more
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