CEE - Argo opens Era Shopping Park

The park, which is the first of two to be opened under the Era Shopping Park brand, currently has 37,000 square metres of lettable space, all of which is occupied. Development is ongoing and is expected to be fully completed between 2009 and 2010. With 115,000 square metres of gross lettable area and projected annual turnover of EUR 18m, the park, which is based in Iasi, will be the largest outside of Bucharest and the second largest in Romania.

The project is being supported by a EUR 126.5m debt facility being provided by a syndicate of Western banks.

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