News Article Baia Mare Clemens Petschnikar Giurgiu Mediaș Mitiska REIM Pitești Romania Square 7 Properties
by Property Forum | Retail

Developers Square 7 Properties and Mitiska REIM have jointly opened Baia Mare Shopping Park with a commercial space of 17,500 sqm. 

The project was developed on a former industrial platform and has a mix of domestic and foreign retailers.  

At the same time, the two companies finished the expansion of Mediaș Shopping Park with a total commercial area of 16,400 sqm. 

"Currently, retail parks are preferred by consumers in terms of accessibility, the advantages being food anchors, outdoor parking spaces and direct access to stores. Time is a valuable asset for customers, who are also oriented towards a good quality-price ratio, therefore focusing on shopping centers that offer comfort, experience and variety, all in one place, is the obvious choice," said Clemens Petschnikar, CEO of Square 7 Properties. 

“There is an increased demand on the market from all our partners in different segments (fashion, appliances, home & deco) and there is a trend in recent years regarding expansion in cities where the commercial offer is not covered,” he added. 

In 2020, the two companies plan to expand their existing retail parks in Slatina and Tulcea, while starting new commercial parks in Pitești and Giurgiu with a total commercial area of 36,000 sqm.