Shopping City Sibiu, a retail complex in Romania owned by New Europe Property Investments (NEPI), will this year undergo a major renovation process worth €20 million.
The mall’s commercial gallery will be extended to another level, featuring an additional 11,000 sqm of retail space with 50 new stores, entertainment facilities and a food court.
The modernization works will be implemented on a total area of 40,000 sqm. As a result, the complex will adopt a brand new look and establish itself as one of the leading retail and entertainment destinations in the region.
At the end of the renovation works, Shopping City Sibiu will increase its total area to 90,000 sqm, becoming the largest shopping center in the country.
Its tenant mix will also be expanded with the arrival of various new international brands and the most modern multiplex cinema in the region, equipped with the latest technology.
“By investing in the modernization of Shopping City Sibiu, NEPI continues its strategy of increasing the value of its retail properties. The aim of this move is to achieve the highest standards in terms of design, fashion offering and entertainment,” said Adina Ciobanu, Asset Manager at NEPI.