Bucharest is the largest retail market in Romania with a total stock of 1.24 million sqm in operational projects, while across the country Timișoara has the biggest volume of shopping centres and retail parks of all regional cities. 

Property investment group NEPI Rockcastle will open its new Promenada Craiova shopping centre this October, following an investment of more than €125 million. The project will include more than 150 stores and will create over 1,500 jobs in the city based in southern Romania. 

Industrial developer CTP will expand its project in Craiova with a new warehouse of 13,500 sqm that has been fully leased. Following the new investment slated for completion by the end of 2022, the total leasable surface will climb to 53,500 sqm.

French real estate group Catinvest will add 5,500 sqm retail space, 1,200 sqm for a shared open-air terrace for the food court and a new playground of 500 sqm in Electroputere Mall, located in Craiova. 

French property group Catinvest has opened a second mixed-use building within its Electroputere Parc project based in Craiova. 

Masterbuild, the Romanian developer and construction firm, says it has started works for the research centre TGA Technologies for Green Aviation in Craiova with a total investment of more than €17 million. 

French real estate group Catinvest says it obtained the building permits to start the expansion of Craiova-based Electroputere Mall. The company will extent the food court with five new restaurants and add 5,500 sqm of retail spaces. 

French real estate group Catinvest has opened the first Class A office building in Craiova, Romania. The new offices of Electroputere Parc are part of the mixed-use building covering 12,300 sqm that has been completed this year and another similar building with 12,700 sqm is set to be completed in Q2 2021. The total investment cost amounts to €39 million.

NEPI Rockcastle has announced the acquisition of a 200,000 sqm land in Craiova and plans to construct one of the biggest retail projects in the region of Oltenia. The value of the investment is estimated at approximately €110 million and the construction will start after obtaining all the necessary approvals.

Element Industrial announced the development of a 60,000 sqm logistics park in the Romanian city of Craiova. The company will build the €35 million industrial project on an 11-hectare plot of land, near the south ring road of the city, with direct access to the E70 road. The developer plans to deliver ELI PARK Craiova in three phases.