Bucharest,, once known as “Little Paris”, has over 2 million inhabitants and while Romanian GDP/capita is estimated at 8000 euros, in Bucharest GDP/capital is estimated over 12000 euros. European Regional Growth Index (E-REGI) published annually by Jones Lang LaSalle put Bucharest as expected to produce the highest output growth ever in next 5 years. In 2007 Bucharest ranks 25 from top 91 European cities based on E-REGI up by 33 positions since 2006 entrance in the top.

Nowadays the commercial centers total GLA is low by comparison to other European cities: currently Bucharest has just 0.08 sqm/capital retail space whereas Warsaw has 0.83 sqm/capita. Bucharest accounts for over 30% of the total retail turnover of Romania High end brands are being commercialized especially in hotels’ retail areas, targeting the tourists rather than the general public. The prime retail area in Bucharest counts approximately 45,000 sqm of space.

International fashion retailers:

LVMH, Zara, Marks & Spencer, Debenhams, Promod, Mango, Intersport, Kenvelo, Nike, Terranova, Esprit, Puma, Diesel, Lacoste, Tommy Hilfiger, Peek & Cloppenburg.

Cocor will bring a fresh supply on the retail market in fall 2009 earmarked to luxury brands with high chances to shift the location perceptions. On this still transitional market, Cocor Luxury Store has the opportunity to become a leader on the high-end brand market and shift the interest of brands to the historical center of Bucharest. Despite the recent market turmoil, our project become stronger in October 2008, with the 22 mil euros credit investment committed by BCR the largest Romanian bank part of Erste Group.