Sylvie Geuten-Carpentier, Managing Partner of Mitiska REIM and Baia Mare retail park with 8,200 sq m commercial space and 300 parking spots. Credit: Mitiska REIM
Ticker

Mitiska REIM’s retail park portfolio expands in Romania

Mitiska REIM announced the opening of a new retail park development in Baia Mare and of an extension to an existing retail park located in the Romanian city of Medias.

Both projects were developed in partnership with Square 7 Properties. The new Baia Mare retail park has a gross leasable area (GLA) of 8,200 sq m and is conveniently located adjacent to an existing Kaufland supermarket, on a main boulevard in the southwest of the city. This new development features a Lidl supermarket as an additional food-anchor and a mix of popular retail brands which include JYSK, Pepco, Kik, DM, C&A, Numero Uno, Tabac Xpress, Sportisimo, Sinsay, and SuperZoo. 

The extension at Medias retail park has increased the commercial area of the site by 8,000 sq m, to now total 9,000 sq m. The site is located next to a Kaufland supermarket, with new tenants Altex, C&A, KIK, SuperZoo, Hervis, CCC, New Yorker, Noriel, Sinsay, etc. 

Both the Baia Mare retail park and Medias extension have been designed to achieve a ‘Very Good’ score on the BREEAM scale. Mitiska REIM’s portfolio in Romania now totals 24 retail parks. Mitiska REIM has secured a pipeline of 3 additional retail park opportunities in Romania for 2022.

Tomas Cifra, Mitiska REIM’s Investment Director for Central and Eastern Europe, comments: “We believe the targeted locations, diversified tenant mix and sustainable approach, in combination with the positive socio-economic trends in Romania, will continue to drive future growth opportunities across the portfolio.”

Sylvie Geuten-Carpentier, Managing Partner of Mitiska REIM, comments: “An existing trend the pandemic has accelerated is that of convenience, as consumers have become more purpose-driven in their shopping and have been choosing retail parks for their needs-based essential spending.”

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

THE EUROPEAN COUNCIL OF SHOPPING PLACES AND SAFE ASSET GROUP LAUNCH RISK AND RESILIENCE WORKING GROUP

The European Council of Shopping Places (ECSP), the voice for Europe’s retail property sector, has today announced the launch of its new risk and resilience working group. The group was set up in collaboration with SAFE Asset Group, an international advisory and certification organisation and a partner of ECSP

Cushman & Wakefield Hires Ben Binns for Senior EMEA Retail Role

Cushman & Wakefield has appointed Ben Binns as Head of Cross Border Retail Agency, EMEA, the latest strategic senior hire for the firm this year.

SES Spar European Shopping Centers continues to invest in its own power generation

SES is setting up an additional large-scale photovoltaic installation on Top of the Shopping Centers “MARIANDL” in Krems. This marks the third large-scale photovoltaic system for a SES-Centers.

Collaboration is Key to Rebuilding the Retail Ecosystem

Societies have changed, retail has changed, and so must architecture and the real estate industry. “Le 31” has become a model for Redevco’s vision on how to redefine retail and create a connected community of stores, partners, and visitors.

What Does the Permanent Shift in Consumer Behavior Mean for Retail Destinations?

The last two years have shown us that nobody can predict the future, but: Understanding detailed customer behavior and responding with specific value and service are no longer “extras” with respect to the retail business model – they are essential to survival.

Over 40 million products at Kaufland.de

The ever-growing product range: Online marketplace Kaufland.de now offers more than 40 million products from over 8,000 online retailers. In recent months, 10 million new items have been added, especially to the homeware, electronics, kitchen & household product worlds.