Real estate | 16 April, 2025 at 10:08 AM
Prime Kapital to open Mall Moldova this week
Prime Kapital will open Mall Moldova on April 17, with Cushman & Wakefield Echinox providing strategic consultancy to the developer.
Prime Kapital will open Mall Moldova on April 17, with Cushman & Wakefield Echinox providing strategic consultancy to the developer.
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.
The IMF has lowered its growth projections for the Romanian economy this year, according to its latest World Economic Outlook report published on Tuesday.
TeraPlast has announced the completion of its acquisition of a 51% stake in Aquatica Experience Group (AEG) in a deal worth €2 million.
During Q1 2025, the Brașov-Ghimbav International Airport saw a total of 56,897 passengers, more than double the figure for the same period in 2024.
Provident Financial Romania, part of the British International Personal Finance (IPF) group, has named Laurențiu Mărculescu its new Sales Director.
Romania recorded the highest government deficit among EU member states in 2024, standing at -9.3% of GDP.