Zacaria Group, the largest developer of logistics spaces in Sibiu, will open next year a retail park in Cisnădie, Sibiu, following an investment of more than €11 million.
The project will have a leasable area of 9,000 sqm and has a mic of tenants secured by real estate consultancy CBRE Romania.
Scheduled to open in the second quarter of 2023, the project will meet the ESG requirements. Zacaria Retail Park Cisnădie is the second retail park and the 15th real estate project developed by the company in Romania.
“We continue to invest in multiple projects and our portfolio will continue to expand in the next years. Since we have seen the local community needs and the desire for regional expanding for several retail players, we have decided to invest in the development of Cisnădie and of the Sibiu County by developing a new retail park. Given that our headquarters are in Sibiu, we based our decision on the knowledge we have about the real potential of local demand,” said Marius Moga, Sales & Marketing Manager at Zacaria.
The concept of the retail park was conceived by architectural company Triptic Studio. The project will be developed on the former grounds of a carpet factory.
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