UK developer Modus Properties will invest, along with partner company Nova Imobiliare, some 450 million euros in the construction of a new commercial center in Bucharest, the largest facility of its kind until today.

The complex will measure a total of 162,000 square meters (some 200,000 square yards), but only 52,000 square meters will be opened in the first phase, before the end of 2009.

Beside stores, the complex will include 16 movie theaters, restaurants, pubs, coffee shops, entertainment areas and 8,000 parking spaces. The "Colosseum Shopping Center" will be built in the North - Western edge of Bucharest.