News Article Czech Republic development RC Europe retail retail park Romania
by Property Forum | Retail

Czech real estate developer RC Europe has opened its third retail park in Romania, following an investment of €9 million. The retail park, operating under the Nest brand, is located in Oradea, occupying approximately 6.500 sqm GLA. Construction works on the project started in October 2019.

Nest Oradeais is located in the northern part of the city in the proximity of Lidl and Kaufland. The project has a parking lot with 200 places and accommodates 13 retail stores of local and international brands, including JYSK, Martes Sport, Sportisimo, CCC, ZOO Center, KIK, PEPCO, dm-drogerie markt, and Zoomania.

Nest Oradea is the second retail park project RC Europe delivered in 2020, following the opening of Nest Miercurea Ciuc in May.

The first Nest retail park in Romania was opened in Dorohoi, in 2017. Besides Romania, the company operates two Nest retail parks in Serbia, where it also plans to develop new projects in 2020.

In Romania, RC Europe also owns five office buildings: two in Pitesti, and the rest in Craiova, Drobeta and Slatina, totalizing over 18,000 sqm GLA. The company’s development pipeline includes a Class A office building in Bucharest – Arc Office Building with 30,000 sqm GLA and a new retail park in Sighisoara.