MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.
Altex Romania retailer has purchased DIY network Brico Dépôt Romania from Kingfisher in a deal worth €70 million. The closing is expected to take place in H1 2025.
The BT Property Alternative Investment Real Estate Fund, managed by BT Asset Management, has purchased Prima Shops Oradea park from Oasis Group, for an undisclosed sum.
The disposable income gap between CEE economies, which are enjoying solid economic expansion, and stagnating Western European countries is narrowing fast. This is buoying consumer spending in markets like Poland and Romania and attracting international and regional retailers to large modern shopping centres that dominate the CEE's shopping and experience landscapes, while also offering higher margins and lower costs, NEPI Rockcastle's latest research concludes.
Bucharest-based Calea Victoriei, the main retail street in Romania, boasts a prime monthly rental level of €60 per sqm, which was 9% higher compared with last year, according to a Cushman & Wakefield report.
The retail market in Romania has room for growth, considering that short-to-long term pipeline exceeds 800,000 sqm, consisting of projects under construction or in different permitting stages, which are due to be completed by the end of the decade.
72% of retailers aim to increase their store space, compared to 26% in 2022, with physical stores remaining a key element in the overall strategy.
Affan Yildirim, General Manager, member of the Board of Directors of Anchor Grup, and member of the Board of Directors of MallDova, talked to Property Forum about the trends shaping the Romanian retail market and the investments made in București Mall over the past 25 years to accommodate evolving demands of tenants and shoppers.
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.
NEPI Rockcastle has completed the expansion works for the Shopping City Ploiești project.
iO Partners, a JLL Preferred Partner, has teamed up with Bright Spaces proptech to provide its clients with a 3D space planning tool.
Romanian developer Iulius is investing €40 million in the expansion of Iulius Mall Suceava that will increase the leasable area of the project to 60,000 sqm.
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 largest openings in 2024 were Argeș Mall (51,400 square meters), the new Prime Kapital/MAS REI project in Pitești, followed by Aurora Mall in Giurgiu (13,500 square meters).
Romania's commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox.
This initiative marks the company's expansion into retail beyond dental hygiene products.
Only one scheme (5,000 sqm GLA) was delivered during Q1, namely Cometex Hunedoara, this being the lowest recorded quarterly new supply since Q1 2017.
The top real estate segments attracting the most investments are retail, hotels second and industrial third.
By the end of 2024 the stock of modern retail spaces will overpass 4.5 million. square meters setting a new record for Romania.
Without measures to support consumption, Romania risks losing its most important engine of economic growth.
This year, the company will construct 140 single-family houses and expects to generate revenues exceeding €14 million.
Through top-tier projects, including contracts with NATO and other international organizations, the company ensures financial stability, creates jobs.
For the 2024-2025 edition, the selection of brands was conducted with the support of the Superbrands Honorary Council.
The park celebrated its achievements at the “SUM IT UP #7” event, marking its anniversary with stakeholders from government, business, and international partners.
China-based company BSE specializes in both water-cooled and air-cooled systems with up to 5.5 MW of cooling capacity, as well as heat recovery and reuse solutions.