Oradea Shopping City, which opened six years ago, has accumulated debts of more than RON 277m, and its operator, Shopping Center Holding, started insolvency proceedings in May. Retail tenants have been asked to vacate the space within the next two to three weeks, after the Bucharest Court declared the shopping center bankrupt in early June. Oradea Shopping City has a leasable area of 29,600 sqm.
