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Romania’s Colosseum delays shopping mall extension again over spike in Covid-19


Colosseum Centre a retail park located in Bucharest said on Tuesday that it has decided to reschedule the opening of its shopping mall for the spring of 2022, due to the unpredictability of the business environment amidst the coronavirus pandemic, according to See News.

„The opening previously planned for the end of this year has been postponed due to the actual context of the accelerated increase in the incidence of the new coronavirus infection rate in Bucharest and throughout the country, but also to the restrictive measures imposed by emergency law responses,” Colosseum Centre said in a statement.

In July 2020, the company announced the rescheduling of the event for the end of 2021, for reasons related to the pandemic. The Colosseum Mall, an investment of €30mln is part of the development strategy of the existing retail scheme.

„Although the advanced stage of construction would have allowed us to inaugurate the new spaces before the end of this year, the extremely high incidence of the infection rate with the new coronavirus in the capital and the whole country, determined us to adopt a responsible attitude and head for the spring of 2022. This decision was appreciated by all our retail segments’ partners,” said Mihai Dinu, Colosseum Mall general manager.

In July 2019, Colosseum Centre announced that it has secured financing of €23mln from Credit Europe Bank for the development of the shopping mall.

Romania’s government decided last week to tighten restrictions as of Monday in an attempt to curb a surge in new cases of the coronavirus infection in the country,