Romania saw 11 new retail projects completed last year, with a combined leasable area of 215,000 sqm, sending the market to a 7-year high in terms of deliveries, according to a Cushman & Wakefield Echinox report.
Four new retail projects with a combined leasable area of 30,000 sqm have been delivered in four smaller Romanian cities in the first half of 2023. Giurgiu, Călărași, Dej and Vaslui are the cities which benefited from these new investments, while the new supply will be significantly more substantial in the second half of the year, when almost 260,000 sqm of retail spaces are due to be completed, according to data from Cushman & Wakefield Echinox.
Some 100,000 sqm of new retail spaces were delivered last year in Romania, of which 80% were integrated in retail parks, while new projects with a leasable area of around 230,000 sqm are expected in 2023, which would be a 6-year high, according to Cushman & Wakefield Echinox.
Rossmann drugstore, Itaka travel agency and Świat Pierogów restaurant have joined the group of tenants at the Silwana retail park in Gorzów Wielkopolski. The premises leased by Rossmann will cover an area of 550 sqm, while Świat Pierogów will occupy a space of 65 sqm.
CCC and HalfPrice are joining the tenants of Pasaż Ciechanowski. The brands will occupy a total of more than 2,500 sqm. The opening of the retail park in Ciechanów is scheduled for the fourth quarter of 2025.
The Media Expert chain has joined the group of tenants at Nowa Sukcesja. The electromarket will occupy an area of over 900 sqm in the Łódź facility. The opening of Nowa Sukcesja is planned for the fourth quarter of 2024.
Gellért Berkes has been appointed as Head of Property Management at ConvergenCE. He has been a member of the real estate development team for two and a half years. He has nearly 15 years of professional real estate experience.
MLP Group has announced that Tomasz Zabost has resigned as a member of the management board with immediate effect, without stating the reasons for his resignation. He became a member of MLP Group's management board in January 2015.
Aleksander Loster has been appointed as Director in Savills Poland investment team, headed by Mark Richardson since 2023. In his new role, he will be responsible for working with international investment funds during the sale and acquisition of retail, industrial, warehouse and alternative assets.
Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Budapest, Bucharest, Bratislava and Prague, amongst other locations.