Colliers International, a major real estate services firm, has been able to secured new retailers such as Euronics, Mercator and Intersport to lease space in Albania’s modern Citypark shopping centre.

Other major retailers including Calvin Klein, Lacoste, Cacharel, Toi & Moi, Societta, Altin Bas, Primo Emporio, Versace Home, One2Play and Chicco have also signed according to a statement by Colliers.

Being developed by AM Group the Citypark shopping center is a large development when you consider Albania’s population size, totalling 111,000 square meters of built up area and 3000 parking spaces it is set to become a major attraction not only for the citizens of Tirana but Albania as a whole.

The Citypark development will also be offering other important services apart from shopping that include cafés, a hotel with conference high-tech facilities, a concert hall and other leisure scenes for adults and children.

When compared to other major Shopping Centres in Europe for instance the Lakeside Shopping Centre in the UK it is still relatively small however Tirana also does not have the population size of London.

Nonetheless the Citypark shopping centre will have an impact on property prices and demand on the area around it, leading to new opportunities for investors since a lot of the land around the complex is still undeveloped.

citypark-fig2

Citypark

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