Baneasa Shopping City in northern Bucharest posted a net profit of €10.3m in 2013, up 25 percent from the previous year. Turnover also increased by 7 percent last year, while sales reached €200m, up to 5 percent from 2013. Grand Cinema brought in €6m. The four-story shopping center, developed by Baneasa Developments, offers 55,000 sqm of space in 250 stores. It opened in 2008.