Square 7 Properties and Mitiska REIM complete €19 million retail park in Pitești

04
Nov
2024
News - Square 7 Properties and Mitiska REIM complete €19 million retail park in Pitești #construction #Masterbuild #Mitiska REIM #Pitești Shopping Park #Romania #Square 7 Properties

by Property Forum | Retail

Square 7 Properties and Mitiska REIM have inaugurated Pitești Shopping Park, a new shopping center located in the northern area of Pitești, following an investment of €19 million.


Pitești Shopping Park has a leasable area of 24,000 sqm, of which the Leroy Merlin store occupies almost 10,000 square meters. The shopping gallery, which spans over 6,648 sqm, includes a mix of important retail brands.

The shopping center serves a population of approximately 150,000 residents of Pitești and the surrounding areas. The construction was completed and delivered in less than 12 months. The general contractor for the project was Masterbuild.

Over the past 12 years, Mitiska REIM has raised five funds and built a portfolio of 92 properties representing approximately 1.2 million square meters of gross leasable area in Belgium, the Netherlands, France, Germany, Spain, Portugal, Romania, Poland, the Czech Republic, Slovakia, and Bulgaria.




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New leases

  • Gaya Studios has 190 sqm in Green Gate office complex, in a deal brokered by Rustler Romania.
  • Kalenda, a Romanian furniture and home décor retailer with nationwide presence, is expanding its operations by leasing 2,500 sqm at Industra Park Iași, a logistics park owned and managed by Oresa Industra.
  • CurryLab, a new dining concept by the owners of IndianTaste, has signed a lease for more than 150 sqm on the ground floor of the NEFRYT residential building in Warsaw. The brand’s fourth location in the city is scheduled to open this summer at SOHO by Yareal.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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