Business Forum • 1 November, 2024 at 10:42 AM
The Cushman & Wakefield Echinox real estate consultancy company was appointed to exclusively manage the leasing strategy and process of Jumbo Center in Bucharest, a Jumbo anchored and partially owned modern retail destination for the whole family. Jumbo Center offering 25,700 sq. m of retail spaces will be following the Jumbo philosophy, “looking & feeling” welcoming for guests of all ages and all social/ financial backgrounds and providing a unique “value” proposition.
In this mandate, Cushman & Wakefield Echinox is focused on creating the right mix of tenants, responding to the needs of the customers in the area.
Dana Radoveneanu, Head of Retail Agency: "Through an exclusive agreement, Cushman & Wakefield Echinox is deeply involved in shaping the leasing strategy for Jumbo Center, transforming it into a modern retail destination in the heart of Bucharest, designed to serve the entire family. The project holds significant potential due to a combination of factors that make it an attractive location for retailers and consumers alike. Retailers who tap into these opportunities can benefit from the diverse and growing customer base."
The new Jumbo Store, owned by Jumbo, opened on October 25th and is occupying the whole 2nd level, transforming a currently underperforming level to a desired retail destination attracting differentiated high traffic flows, all year round, from which all partners in Jumbo Center will benefit from.
The Jumbo Center strategy entails identifying business partners that share the same vision and business principles as its anchor and partial owner Jumbo and are interested in and capable of establishing a long-term win-win cooperation framework.
Apostolos Vakakis, Chairman of the Board of Directors Jumbo: “We are thrilled to see our new store at Jumbo Center in Bucharest come to life. We are sure that Jumbo Center will evolve as a retail destination that truly embodies our common philosophy of offering a welcoming and inclusive shopping experience for everyone. We consider the collaboration of Jumbo Center with Cushman & Wakefield Echinox as being essential in ensuring that the Center will attract the right mix of partners who share the vision of providing value and accessibility to all its visitors."
Cushman & Wakefield Echinox is a leading real estate company on the local market and the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently, with a team of over 80 professionals and collaborators offering a full range of services to investors, developers, owners and tenants.
The company's retail department provides consultancy to developers and retailers and intermediates the leasing of commercial spaces both on the street and within major shopping centers in Bucharest and across the country.
Cushman & Wakefield Echinox's Retail Agency department facilitated 26 lease transactions accounting for almost 20,000 square meters in Bucharest and the main cities of the country in 2024, including the opening of the first Bogner store on the Romanian market.