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Colliers sees continued retailer interest

These tenants have continued their plans for expansion in regards to the Albanian market as they recognize the value of Citypark and the impact it will have on Tirana’s retail market. Several important brand names will be leasing retail space at Citypark including major anchors Euronics, Mercator, and Intersport. Other retailers who have signed with Citypark are United Colors of Benetton, Sisley, Calvin Klein, Lacoste, Cacharel, Toi & Moi, Societta, Altin Bas, Primo Emporio, Versace Home, and the children’s brands One2Play and Chicco.

Citypark, which is being developed by AM Group, will be the largest shopping center in Albania totaling approximately 60,000 square meters of built-up area and 35,000 square meters of leasable retail space. Citypark will be a premium shopping mall covering three floors and hosting various international brands as well as cafés and other entertainment. Citypark will be the first international style shopping center and Albania and includes an experienced team of architects, project management consultants, and property management experts.

The Citypark complex is not just a retail park but an entire city of 111,000 square meters of built-up area on a land plot of 200,000 square meters offering guests a unique environment of shopping and entertainment. The center will include a children’s entertainment area of 6,000 square meters called Cartoonland, an auto showroom of 12,000 square meters featuring several top car brands, a hotel of 12,000 square meters comprising of state-of-the-art conference facilities, a media center of 11,000 square meters as well as a concert and festival center of 10,000 square meters

Dimitris Voutsas, Director of Retail for Colliers International Greece and Albania, commented, "We are happy with the interest Citypark has received so far and we are focusing on attracting retailers from Greece and helping them with their expansion plans."

Stela Dhami, General Manager of Colliers International Albania, added, "Colliers International is excited to continue working with AM Group to bring great retail to Albania."