Vitantis Shopping Center, the retail park owned by Revetas Capital, has closed new leasing deals for 3,900 sqm with three companies that will occupy spaces for the next 5-10 years.
Local retailer Proges, specialized in interior design products and LaserMaxx, the operator of laser tag areans, are the new tenants in the project. Meanwhile, Grill Market, specialized in the delivery of outdoor cooking and entertainment products, expanded its presence in the retail park.
“The exceptional evolution recorded by Vitantis Shopping Center during the last 18 months is aligned with the resilience shown generally during the COVID period by the retail parks at global level and represents simply another value-adding outcome of its superior concept combining the mix of highly accessible locations, proximity to its customer communities with the viable physical and fluid functional layouts,” said Radu Boitan, Head of Investments at Revetas Capital Advisors.
The retail park has a gross leasable area of 38,000 sqm and is located in southern Bucharest.
“In a very challenging year for the Romanian retail market, the retail parks have proven to be more resilient than shopping malls, and Vitantis Shopping Center is no exception, being of interest for potential tenants, having excellent visibility, fewer restrictions imposed and benefiting from direct outdoor access to tenants’ units,” added Oana Partenie, Head of Property Management for Ceres Romania, the company in charge of property management for Vitantis retail park.
Revetas Capital manages real estate investments with a combined value of over €1.55 billion. In Romania, the company controls three projects, all based in Bucharest: Radisson Blu Hotel, The Landmark office building and Vitantis retail park.
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