Mitiska REIM opens new retail park in Pitești

Business Forum

14 October, 2024 at 8:56 AM

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.

The new Pitești Shopping Park is food-anchored by a 5,000 sqm owner-occupied Kaufland supermarket and features 15 units with a gross leasable area of 17,285 sqm, with parking for 392 cars and 12 EV charging stations.

The project is developed on behalf of the FRI 2 fund and in partnership with Square 7 Properties, with funding from Erste Group. The retail park features solar panels on the roof area and targets the “Outstanding” BREEAM certification.

“This latest retail park continues our investment program in Romania to meet the increasing demand for convenient, modern and sustainable retail infrastructure from retailers, shoppers and investors,” says Tomas Cifra, Mitiska REIM's Managing Director for Romania, Czech Republic, Slovakia and Bulgaria.

Cifra added that the company has a strong pipeline of further investment opportunities in the Romanian market, spanning retail parks, multi-let light industrial and urban logistics projects.

Prime Kapital secures significant refinancing for Argeș Mall

Property developer Prime Kapital has secured an €85.5 million refinancing facility from Erste Group for Argeș Mall, which opened in April 2024.

Real estate

Erste Group provides €85.5 million refinancing for mall in Romania

Erste Group Bank AG has provided a €85.5 million refinancing facility for Argeş Mall in Piteşti, developed by Prime Kapital.

Real estate

M Core fully purchases MAS strip malls in Romania

M Core Group has purchased seven strip malls in Romania from property investor MAS for an undisclosed sum. The projects with a combined leasable area of around 32,000 sqm have a full occupancy rate. The strip malls are based in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș and Gheorgheni.

Real estate

Retail deliveries in Romania fall 15% in 2024

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. 

Real estate

Leroy Merlin leases 11,000 sqm in Mall Moldova

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. 

Real estate

Repaco Capital delivers retail park near Bucharest

Repaco Capital and Weststar Real Estate have delivered the Crevedia Retail Park, near Bucharest, following an investment of €15 million that was partly financed by BT.

Real estate

M Core buys Shopping City Suceava

M Core, the biggest owner of retail parks in Romania, has purchased Shopping City Suceava from Argo Capital, for an undisclosed sum.

LATEST NEWS

19 Jan

Bucharest region sees 9-year resi sale fall in Q4 2025

16 Jan

Romania's electricity consumption drops 0.7% in first 11 months

16 Jan

Romania ranks second cheapest in EU for consumer goods, says Eurostat

16 Jan

Life sciences M&A surges 81% as big pharma hunts for growth, says EY

16 Jan

Electro-Alfa plans IPO on BVB

RECOMMENDED FROM THE HOME PAGE

Finance

Electro-Alfa plans IPO on BVB

Electro-Alfa International, a Romanian electrical equipment manufacturer, has announced plans for an Initial Public Offering (IPO) on the Bucharest Stock Exchange (BVB).

Industry

Life sciences M&A surges 81% as big pharma hunts for growth, says EY

Global life sciences M&A activity increased by 81% in 2025 to $240 billion, driven by Big Pharma's large-scale deals, despite fewer overall transactions. The surge reflects companies prioritising innovations ready for launch as they face widening growth gaps.

Finance