JLL selected property management company of Liberty Center – EuropaProperty

JLL has been selected by the owners of the Liberty Center Mall as property and asset manager of the shopping center located in Progresului Street (South part of Bucharest). JLL’s responsibilities comprise from creating an optimal tenant mix and implementing sustained promotion activities in order to revitalize the shopping center.

JLL successfully concluded the first leasing contract by attracting the Romanian cinema operator HAPPYCINEMA in the shopping center. Through this contract JLL significantly improves the tenant mixt of the Liberty Centre and also creates the proper environment for attracting other important brands in the shopping centre.

HAPPYCINEMA will open next month and will be expecting its customers with 7 screens within 3,338 sqm. This is the first cinema operated in Bucharest by HAPPYCINEMA, which currently has cinemas across 4 cities in Romania.

”Liberty Center is among the first shopping centers in Bucharest, opened just before the financial crisis in 2008. The mall has a visible location and its size is optimal considering the demand in the area. For JLL, the take-over of the management for Liberty Center is a challenge and we believe that the experience we have in the property and asset management services will help us to reposition the shopping center in the area it serves,” commented Mariana Stamate, head of Property Management Department, JLL.

The shopping center, with a lettable area of 25,700 sqm, has over 60 tenants – fashion, food and entertainment. Among the anchor-tenants are Billa, Altex, Adidas, Deichmann, Kenvelo, Lee Cooper, Sephora, Steilmann, CCC, KFC, McDonalds and Spring Time.

Liberty Center was completed in November 2008.