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

  • MLP Group has bolstered the tenant mix at MLP Poznań West by welcoming Stockly, a 3D printing specialist. The company has leased 2,400 sqm of warehouse and office space, with operations already underway via early access. A full handover is expected in December 2026. Stockly was represented by Rock Estate during the transaction.
  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.

New appointments

  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.
  • Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.
  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.


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