Oradea Shopping City Explained

Oradea Shopping City
Opening Date:14 October 2011
Developer:Mivan
Owner:Sapient Center SA
Floor Area:25000sqm[1]
Floors:1
Parking:1,000

Oradea Shopping City was a large shopping mall located in Oradea, Romania. It was originally developed by Irish company Mivan Group as Tiago Mall. In May 2010 was the first mall in Romania that went bankrupt, before opening.[2]

The center include around 150 stores and a multiplex with eight screens. The complex has a floor area of 46600sqm and 1,000 parking spaces.[1]

Shopping Center Holding took over Tiago Mall and after an investment of 50 million€ opened on 14 October 2011 Oradea Shopping City.[3] [4] In 2017 Oradea Shopping City was closed and its owner Shopping Center Holding went bankrupt.[5]

On 4 September 2018 it was announced that Oradea Shopping City was bought by Sapient Center SA, for the sum of 8 million€. Sapient Center SA has 70% of the shares held by Lotus Market and 30% by Sapient Imobiliare.[6]

Notes and References

  1. Web site: The Building. Tiago.ro. Romanian. 2009-08-27. https://web.archive.org/web/20100109003929/http://www.tiago.ro/oradea/index.php?id=9. 2010-01-09. dead.
  2. Web site: First mall to go bankrupt: Tiago Oradea up for auction « News from Romania . 2010-08-20 . dead . https://web.archive.org/web/20100927181017/http://www.news-ro.info/first-mall-to-go-bankrupt-tiago-oradea-up-for-auction.html . 2010-09-27 .
  3. https://www.mediafax.ro/economic/shopping-center-holding-vrea-sa-deschida-in-toamna-mall-ul-oradea-shopping-city-9751887 Shopping Center Holding vrea să deschidă în toamnă mall-ul Oradea Shopping City
  4. http://www.bihon.ro/oradea-shopping-city-se-deschide-in-14-octombrie/983329 Oradea Shopping City se deschide în 14 octombrie
  5. https://www.zf.ro/companii/oradea-shopping-city-se-inchide-iar-compania-va-intra-in-faliment-16504379 Oradea Shopping City se închide, iar compania va intra în faliment
  6. http://www.bihon.ro/oradea-shopping-city-a-fost-cumparat-de-lotus-center/2104327 Oradea Shopping City a fost cumpărat de Lotus Center

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