06.03.2018

Jumbo joins West Park Retail

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Jumbo, the leader of the toy retail segment in Romania, opened a new store within West Park Retail, one of the most important commercial destinations in Bucharest, located in Militari district. This is the first store opened by Jumbo in the western part of Bucharest. The company operates a network of 74 stores, 51 of which are located in Greece, 5 in Cyprus, 9 in Bulgaria and 9 in Romania.

The new Jumbo store in West Park retail has a built area of 11,460 sqm, comprised in two levels, and increases the retail area of West Park Retail to almost 86,000 sqm.

Patrick Van Den Bossche, Managing Director Liebrecht & wooD, states: ”We are enthusiastic that Jumbo chose West Park Retail. This is yet another important partner that completes the offer within our retail park and adds new retail functions to the project, which will be greatly valued by both tenants and customers.”

The agreement with Jumbo marks a new step ahead in the development strategy of West Park Retail, which steadily evolved into a multi-functional shopping and lifestyle destination since its inauguration in 2008. The scheme with a total catchment area of over 2.7 million people was subject to a rebranding process in 2015 and has since been focused on providing customers with a wider range of products: from fashion to household goods, including unique, high-quality brands present only in West Park.

Sorin Ioan Blaga, General Manager Liebrecht & wooD Romania concludes: ”West Park Retail is strengthening its position as an attractive shopping and lifestyle destination in the capital city. We invested approximately 5 million Euros in the new space operated by Jumbo and we continue to invest, so that new commercial functionalities will be added to the scheme in the near future.”

Delivered in 2008, West Park Retail is located a 20-minute drive from Bucharest city centre and enjoys a great visibility and direct access from the adjacent A1 highway. It comprises FASHION HOUSE Outlet Centre - the first and only professional outlet centre in Romania, totalling 16,000 sqm GLA, as well as other big-box tenants like Kika (28,740 sqm GLA – furniture and home decorations), Hornbach (19,960 sqm GLA – DIY megastore with a garden centre) and Proges (1,340 sqm GLA – home decorations).

West Park Retail is a development of Liebrecht & wooD, an European real estate developer with a history of over 25 years, that operates in Poland, Romania and Russia, where it has developed office, retail and warehouse project with a total area of almost half a million square meters.

Part of Liebrecht & wooD is also FASHION HOUSE Group (FHGR), a leading player in the European outlet sector and the largest developer and operator in the CEE and Russian markets, with a proven track record of opening up and dominating the outlet sector in emerging markets. The portfolio of projects delivered by FHGR includes 5 successful FASHION HOUSE Outlet Centres in Poland, Romania and Russia of a total leasable area of almost 100,000 square meters.

Contact

Małgorzata Majewska
mmajewska@advancedpr.pl
Telephone: 22 642 10 26

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