Iris Shopping Center Bucharest
- GLA: 48,000 sq. m
- Current Owner: NEPI
- Former Owner: DEGI
- Our Mandate: 2008 – 2011
We were instructed to reinvent Iris Shopping Centre with a 48,000 sq. m GLA. This involved the whole refurbishment and repositioning process, a new tenant mix, featuring numerous new fashion brands and a totally enhanced look.
We have assisted Aberdeen Immobilien throughout the restructuring process, working alongside the architects on the optimization of the layout, concept & pedestrian flows, determining the appropriate positioning of the center based on demographic & catchment research and adapting the tenant mix to the new concept.
With operational experience, we have managed to create a balanced design, bring high value to the project and making it relevant for the targeted market, but also financially attractive for the owner.