Băneasa Developments to invest €300 million in new projects
Băneasa Developments, the operator of Baneasa Shopping City in the northern part of Bucharest, plans to expand the mall by 127,000 sqm. The developer plans to invest over to €300 million until 2026.
The company's long-term plans call for further retail, office and residential developments, resulting in over 1.4 million sqm of mixed-use space (75% of which would be residential).
According to a study by KPMG, the expansion of the Baneasa area could have an economic impact of €6 billion in the period 2017-2026.