CITY MALL &
SOUTH CENTER PARKING

APN European Retail Trust is a renowned Australian real estate investor in Europe that identified the growing need for commercial facilities in Eastern and Central Europe.

Once they singled out Romania as one of the most promising markets, the company planned to build a mall in Bucharest, which they acknowledged as the most dynamic Romanian city. Since Bucharest is a traffic congested city, the investor realized that City Mall should have its own parking structure, given the urban architectural characteristics.

In November 2004, after thorough research of the market, the Australian investor decided that Global Vision should be in charge of the real estate project design and its construction, as well as supplying and installing the intelligent building technology systems.

In December 2005, Global Vision finalized the contract with City Mall by delivering a turn-key project for IT&C networks, security systems, access control, fire security, power and power back-up systems. The same month, Global Vision was appointed Property Manager and became responsible for all facility management, IT & Administration operations.

The following year, in April 2006, Global Vision signed on as project designer and supplier of ITBS for South Center Parking and finished one year later. In April 2007, Global Vision became property manager of South Center Parking.

City Mall has a GLA of 50,000 sqm and a total investment value of €30,000,000, made during 18 months of real estate development.

South Center Parking was initially raised in order to serve City Mall’s clients. It is located just across the street from City Mall and it is directly connected to the retail gallery’s second floor through an unconventional construction resembling a submarine.

South Center Parking is the second largest parking building in Romania, with a GLA of 34,000 sqm and a total investment of €18,000,000, made during 18 months of real estate development.