The Asset Services department of the real estate consulting company Cushman & Wakefield Echinox has taken over the administration of the Colosseum shopping center since October 1st, thus expanding its portfolio in Bucharest with a project in full expansion.
Opened in 2011, Colosseum represents the most important shopping destination in the northwest of the Capital, a developing area both in terms of the subway infrastructure and the residential segment, and regarding the premises for the development of the office sector.
As a result of the expansion, whose inauguration is scheduled next year, Colosseum shopping center will reach a rentable area of approximately 54,500 square meters. The new development project includes local and international brands, as well as 60 shops, restaurants, cafes and leisure area.
The new project will also benefit of a multiplex cinema and a fitness center.
Mihaela Petruescu, Head of Asset Services, Cushman & Wakefield Echinox stated: “The integrated services offered, the vast experience and the dedication of the leasing and property management teams work very well together, thus this new mandate of the Colosseum project once again confirms the confidence given to us by the developers.”
Mihai Dinu, General Manager Colosseum said in his turn: “We chose Cushman & Wakefield Echinox as a partner because of our experience in providing complete property management services, but also because we share a common vision for meeting business objectives.”
The Colosseum thus becomes the third commercial center in Bucharest under the administration of Cushman & Wakefield Echinox, along with Carrefour Orhideea and Penny Retail Park Fundeni. At the same time, since the beginning of the year, three office buildings from Bucharest, namely Ethos House, Eminescu Office and One Victoriei, have entered the Asset Management portfolio of the company.
Located in District 1 of the Capital, in the North-West area, on 284 Chitilei Way, Colosseum offers a retail concept that includes shops with a wide variety of products, including fashion and sport clothes and accessories, as well as unique leisure spaces.
Colosseum has a privileged location, close to Bucharest ring-road with two-way access and on the route connecting Bucharest to Ploiești, Târgoviște and Pitești. Colosseum is also accessible from multiple lanes boulevards, such as Bucureștii Noi, Grivița, Şoseaua Chitilei and Ion Mihalache, done also through bus lines STB 112, 422, tram 45, the metro stations Străulești and Laminorului.