Albania’s Balfin unveils 12 mln euro shopping mall project

Of the total, 9.66 million euro is the investment for construction, and an additional estimated 2.8 million euro has been planned by the tenants for the mall’s interior decoration, Balfin told SeeNews via phone.

The project, Galeria by TEG, is envisioned as an extension of Balfin’s Tirana East Gate (TEG) mall in Tirana, and will be operated by Balfin’s property management arm, ACREM.

Similarly to its Tirana counterpart, Galeria by TEG will accommodate fashion and electronic stores, coffee shops, restaurants, and supermarkets.

Turkish studio EAA-Emre Arolat Architecture has been hired by Green Coast for the building design, Balfin added.

Balfin’s shopping complexes also include East Gate Mall in North Macedonia’s Skopje, QTU, marketed as a budget-friendly hub near Tirana, and West Park, a retail park in the south-eastern city of Korca.

($=0.921 euro)