Scallier opens in March a new retail park in Arad, taking its national network to seven projects under the Funshop Park brand.
Scallier's investment in Arad is driven by the strong demand for modern retail space and residents' preference for convenient, local shopping experiences. The retail park is almost fully leased, with about 95% of the 10,000 sqm in total space occupied.
“The Romanian retail market is growing rapidly, standing out with its investment dynamics compared to other European markets. Over 800,000 sqm of modern retail space is currently under construction in this country – twice as much as in Poland. (...) Especially since the level of modern retail space saturation is one of the lowest in Europe, with Romania’s retail stock being three times smaller than Poland’s. Many parts of the country lack attractive retail offerings, particularly in suburban and regional locations. That is where we place our investments,” says Wojciech Jurga, Managing Partner at Scallier.
The company's portfolio in Romania includes retail parks in Roșiorii de Vede, Focșani, Timișoara, Turda, Vaslui, and Moșnița, totaling approximately 60,000 sqm. All retail facilities developed by Scallier are BREEAM-certified.
