Prime Kapital Development and MAS PLC are preparing to open their new Mall Moldova project in Iași next month.

New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox. 

DIY retailer Leroy Merlin has leased around 11,000 sqm for a new store that will open in Iași-based Mall Moldova during H1 2025. 

Prime Kapital has started the development of close to 600 apartments in Bucharest and Iași following the completion of 700 residential units in both cities.

Romania’s retail stock expanded by around 106,000 sqm during H1 2026, with another 205,000 sqm under development that could help the country reach the 5 million sqm milestone at the end of 2026, according to a Colliers report. 

Prime Kapital has started the development of the third residential phase of its mixed-use scheme Silk District in Iași.

Prime Kapital aims to deliver by the end of 2025 the second phase of its Avalon Estate residential project based near Bucharest.

Real estate developer Prime Kapital has opened Argeș Mall, a new shopping centre spanning 77,000 sqm in Pitești.

Romania’s retail stock is set to expand by around 90,000 sqm in 2024, of which more than half will be based in Pitești-based Argeș Mall. However, the development pipeline is strong for the 2025-2028 period, with a few large and dominant shopping centres expected to add several hundred thousands of leasable space to the local market, according to Colliers data.

Prime Kapital has inaugurated Carolina Mall in Alba Iulia following an investment of around €47 million. The mall has a leasable area of over 33,100 sqm and hosts 70 stores.