Square 7 Properties and Mitiska REIM complete €19 million retail park in Pitești

Business Forum
Square 7 Properties and Mitiska REIM have inaugurated Pitești Shopping Park, a new shopping center located in the northern area of Pitești, following an investment of €19 million.

Pitești Shopping Park has a leasable area of 24,000 sqm, of which the Leroy Merlin store occupies almost 10,000 square meters. The shopping gallery, which spans over 6,648 sqm, includes a mix of important retail brands.

The shopping center serves a population of approximately 150,000 residents of Pitești and the surrounding areas. The construction was completed and delivered in less than 12 months. The general contractor for the project was Masterbuild.

Over the past 12 years, Mitiska REIM has raised five funds and built a portfolio of 92 properties representing approximately 1.2 million square meters of gross leasable area in Belgium, the Netherlands, France, Germany, Spain, Portugal, Romania, Poland, the Czech Republic, Slovakia, and Bulgaria.

RECOMMENDED
Infrastructure investments drive Romanias construction market
Real estate

Infrastructure investments drive Romania's construction market

Romania's construction market has reached historic highs over the past two years over increased public investment, financed by both national and European funds. At the same time, demand from the residential market has remained limited due to the slow permitting process for new developments in Bucharest. 

Mitiska REIM opens new retail park in Pitești
Real estate

Mitiska REIM opens new retail park in Pitești

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. 

RECOMMENDED FROM THE HOME PAGE
READ MORE
Business Forum  |  21 November, 2024 at 2:16 PM
Business Forum  |  21 November, 2024 at 2:08 PM