Update from the originator:
It is not a secret that the COVID-19 pandemic forced everybody to make corrections in our daily lives which became the main engine of innovations in 2020. Therefore the developer Kirsan dared to challenge the virus and provide an absolutely new shopping experience in these hectic times. The totally new concept and design of the mall were developed with social distancing needs and requirements in mind. Thus implementing solutions to build the first antiviral shopping center in Moldova.
The new concept of Albisoara is designed in a way to keep every customer at a safe distance without fear of catching the virus. The boutiques will be located in an open space, independently of each other and will be equipped with separate entrances. The access to each boutique will be provided by check-ins from the parking lots that surround the entire area of the mall. In addition to separate boutiques with autonomous entrances, there will be a possibility to serve customers via drive-through for a grocery shop, contactless car wash. And many other establishments that are typical to shopping centers.
Engineers state that this approach will allow customers to be at a safe distance from each other, excluding possible close contact. And thus prevent the further spread of the virus. And since it is uncertain how long the current restrictions will last, the innovative concept of Albisoara shopping center may become an impressive and convenient rescue ship of the current situation.
It is important to mention that despite the fact that construction works are in process, many global retail chains expressed interest in renting options. For example, the developer knows already that one of the Albisoara shopping center tenants will be a well-known Scandinavian retailer of household goods – JYSK.
The total area of the Albisoara shopping center is 23141.1 m2 and it will become a future home for 51 stores. The 3 zones will divide the building. The first zone will be a commercial center with a total area of 2624 m2 and it will include 13 stores. The developer expects that the construction of the first zone will finish in 12 months. The second zone will include a supermarket with a total area of 1242 m2 and 8 stores with an area of 870m2. The third zone will consist of 29 stores with commercial real estates with a total area of 3320 m2. A 505 m2 hotel will also be located on the territory of the shopping center. Besides that, the entire territory of the shopping center is surrounded by an open parking area with 284 parking spaces.
As of today, the construction works started already. The developers equipped the land plot with an entrance for large-sized transport and laid the foundation of the first floor. Also, the contactless car wash constructions are installed.
New pictures of the actual construction state and new concept have been uploaded.
Stunning investment opportunity in the heart of Chisinau, secured by 1st rank mortgage.
Pretty much all roads in Moldova lead to its wine-and-food loving capital. The city of Chisinau is located in the Central region of Moldova and stands on seven hills in the form of a circle, which stretches along the river Byk — the right tributary of the Dniester.
The area of the city is about 120 km2, and the total municipality is 571.64 km2. In other words, It's about one-fourth as long as The Grand Canyon. The capital of Moldova is considered to be one of the greenest cities in Europe, as there are many parks in the city and the trees grow on almost every street. In addition, it is considered to be one of the less-urbanized European Capital cities.
The new modern shopping center "Albisoara" is located at Albisoara street 15, Chisinau. Thanks to its location on the main street of the city, it will provide a constant and stable flow of customers who are looking to satisfy their day-to-day needs. Besides, the minute's walk from the train station will ensure even greater attendance, not only from locals but also from the guests of the capital city.
Albisoara is a three-storey complex that includes a wide range of different commercial enterprises that provide everything from food to various types of services. It will be a business home for several well-known chain boutiques, supermarket, where you can get just about everything, from home-made meat and cheese to electronics, clothes, and furniture. Also, food courts and restaurants, a bank, a cinema and many other entertainment venues. In other words, everything you need to spend the best time with your loved ones or just to enjoy the day on your own while shopping in the jungle of goods. On the top floor, there is a spacious terrace with a number of cafes and restaurants where you can enjoy beautiful views of the river and the city, refreshing drinks and delicious food.
Taking into account that the parking facility is the first and last impression people get from the shopping centre, the visitors of Albisoara will be able to park their vehicles safely and conveniently on the large Parking lot in front of the center.
The shopping center is located in a fast-developing part of the Chisinau city center.
The small size of it (13000m2) and efficient layout will allow visitors to make purchases without wasting time walking along the corridors, bringing more profit to tenants. The tenants of Albisoara will be the top companies in Chisinau with an already established reputation, which will also have a positive impact on it. For example, one of them is Linella - a well-known Moldovan network of stores which in its 21 years of activity has managed to become the preferred network of supermarkets among consumers.
The total investment amount in the project is almost EUR 7,000,000, from which EUR 2,000,000 (28.6%) is the developer's skin in the game. The first development works have already started and the shopping centre will be ready for commissioning next year.
Real Estate Market in Moldova
The real estate market in Chisinau accounts for about 70% of the entire Moldovan market. The beginning of the year 2020 was significant for the real estate market in the capital city. More apartments were sold in the first quarter than during 2019. This is due to an increase in the number of people who decide to move to the capital city or its suburbs.
According to the forecasts of the real estate agency, the demand for new housing will continue to increase this year, and the secondary market is expected to decline by 8-10%. The primary market will be characterized by a steady increase in prices. This is due to a reduction in the number of authorizations for the construction of new homes, as well as improved mortgage lending conditions.
For example, if five years ago banks provided loans at an interest rate of 12-14% per annum, at the end of 2019, the loan rate fell to 6-9%. On average, prices for apartments in new buildings are expected to grow by 8-10%, while in complexes commissioned, the price growth will be more pronounced – by 10-15%.
Taking into account all the above, the real estate market in Moldova, especially in the city of Chisinau and its surroundings, is on a stable, balanced and favourable development path, which has a positive impact on the developer and investors.
The KIRSAN holding has begun its operations in 2010 as a real estate development company. It opened offices and developed numerous successful projects in Spain, Latvia, Switzerland, Germany, Romania, Moldova and Romania.
Between 2010 and 2016, KIRSAN built and commissioned 15 residential complexes with 2012 ready-to-use apartments. The total built-up area was 208,000 m2. At the moment, 10 more residential complexes and 2583 apartments with a total construction area of 225,460 m2 are under construction. Each project was built with a special treat, passion and scrupulous attention to even the smallest details.
KIRSAN uses the latest construction technologies. This allows to build reliable buildings with high security in difficult soils, as well as provide a high degree of seismic stability.
The company has a unique technical Park equipped with the most modern equipment of famous European manufacturers, such as Casagrande and Bauer. KIRSAN is the only company in Moldova that uses the latest generation of drilling equipment for jet cementation of soils.
KIRSAN holding is focused on the most complete and effective satisfaction of customers and investors needs through a comprehensive approach to construction without involving third-party financiers, which allows implementing projects of any complexity in a short time.
The total number of employees is more than 1000 people. The quality and reliability of any service provided, starting from construction to commissioning-is confirmed by extensive practical experience.
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