Romania and Bulgaria will have before the end of 2007 a 150% growth in the amount of commercial space, largest figure in Europe, according to s report published by the real estate services company Cushman & Wakefield.
Between 2006 and 2007 Bulgarians will open commercial centers adding up to 98,000 square meters, while Romania, the second largest market after Poland in the Eastern and Central Europe, has scheduled for opening projects that add up to 470,000 square meters.
The moment is a huge opportunity for investors and retail operations, says Razvan Gheorghe, general manager of Activ Consulting, the Bucharest office associated with Cushman & Wakefield.
The largest projects for 2007 are Baneasa Shopping City - 55,000 square meters - and Floreasca City Center - 33,000 square meters - in Bucharest, as well as the Polus Center in Cluj, with 62,000 square meters.
