Mitiska REIM opens new retail park in Pitești

Business Forum

14 October, 2024 at 8:56 AM

Mitiska REIM has announced the opening of a new retail park in Pitești, the first of four new retail projects that the investor plans to open in Romania in the next two years.

The new Pitești Shopping Park is food-anchored by a 5,000 sqm owner-occupied Kaufland supermarket and features 15 units with a gross leasable area of 17,285 sqm, with parking for 392 cars and 12 EV charging stations.

The project is developed on behalf of the FRI 2 fund and in partnership with Square 7 Properties, with funding from Erste Group. The retail park features solar panels on the roof area and targets the “Outstanding” BREEAM certification.

“This latest retail park continues our investment program in Romania to meet the increasing demand for convenient, modern and sustainable retail infrastructure from retailers, shoppers and investors,” says Tomas Cifra, Mitiska REIM's Managing Director for Romania, Czech Republic, Slovakia and Bulgaria.

Cifra added that the company has a strong pipeline of further investment opportunities in the Romanian market, spanning retail parks, multi-let light industrial and urban logistics projects.

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