News Article AFI Europe Romania Arad Doron Klein retail Romania
by Property Forum | Retail

AFI Europe has completed the construction of its first retail park developed in Romania, located in the city center of Arad, with its inauguration scheduled for November 1. 

The project boasts a gross leasable area of 29,400 sqm, all on a single level, and ensures convenient access for visitors with 950 above-ground parking spaces. The retail park’s tenants include Carrefour hypermarket (with a leasable area of 5,800 sqm), Media Galaxy (3,000 sqm), Decathlon (2,000 sqm). 

As part of the project, a McDonald's Drive-Thru restaurant was opened during the summer of 2022. Also, the first Leroy Merlin in the city opened its gates to the public in July 2023, offering a leasable area of 9,000 sqm. 

”We have successfully delivered a retail park built to the highest standards, ensuring that the people of Arad can enjoy shopping with their family and friends. Additionally, we are delighted to have contributed to the local economy through our partnership with an Arad-based contractor – PAB, ensuring the best possible outcome,” said Doron Klein, CEO of AFI Europe Romania and The Czech Republic. 

Going forward, the company's development plans include new offices, commercial and residential to rent, in Bucharest and regionally.