Tenants include the sports shop Martes, as well as Sinsay, KiK, Jysk, Pepco or Flanco, also restaurants such as Vibe and City Doner. The retail park in Rosiori is now 100% leased. Two more retail parks are currently under construction in Romania. One of them, a retail park in Focsani with an area of 5,000 sq m (GLA), will open in mid-November. Nearly 90% of this project has already found its tenants.
Wojciech Jurga, Scallier’s managing partner, responsible for the company’s development in Romania, says: “Retail parks in Romania are unchangeably popular with local and international tenants. This is due to, among other things, the increasing purchasing power of Romanian citizens, as well as to the shortage of modern retail space in small and medium-sized Romanian cities.”
Adrian Aleman, Development Director at Scallier Romania, adds: “The Romanian market is currently highly polarized. Most of the modern retail space concentrates in the capital and some other major cities. Residents of smaller towns must often travel for several hours in pursuit of well-known fashion brands. The problem has been noticed by retail chains, which turn to us when looking for space in non-central Romanian locations.”
Further commenting on the market conditions, Jurga concludes: “Retail parks are the type of assets that are resilient to market turbulence and easily adaptable to the changing expectations of local communities. For example, a major difference between retail parks in Poland and those in Romania is the rich gastronomic offer. Customers in Romania expect from a retail location not only a diverse range of goods and services, but also a gastronomic and recreational offer.”
The retail park in Rosiorii de Vede is BREEAM environmentally certified, underlining the quality of Scallier’s sustainable retail developments. The international company Gleeds is responsible for the certification of the property.