Wojciech Jurga, Managing Partner at Scallier, confirms that the company's commitment to developing retail projects in Romania aligns with its current growth strategy. ”The Romanian retail market is growing rapidly. It stands out with its investment dynamics compared to other European markets. In this sector, we can talk about a boom. According to estimates, over 800 thousand sq m. of modern retail space is currently under construction in this country—twice as much as in Poland. Romania is among the top beneficiaries of EU funds, and the country is experiencing significant retail sales growth, far exceeding the EU average. These factors undoubtedly encourage the development of new retail projects. Especially since Romania's modern retail space saturation is among the lowest in Europe, with retail stock three times smaller than in Poland. Many regions, particularly suburban and regional locations, lack an attractive retail offering. That is where we place our investments. Taking advantage of the favorable economic conditions in Romania, we have been developing retail park investments here for several years. We plan to consistently increase the company's market share, which highlights our commitment to its development,” says Wojciech Jurga.
The Arad investment is the seventh retail park developed by Scallier in Romania. The company's portfolio includes retail parks in Roșiorii de Vede, Focșani, Timișoara, Turda, Vaslui, and Moșnița. Scallier has delivered a total of approximately 60,000 sq m of GLA to the local market. All retail facilities developed by the company are BREEAM-certified.
The decision to build a retail park in the Arad region was driven by high demand for modern retail spaces in the area and residents' preference for convenient, local shopping.
The retail park that Scallier is opening in Arad is almost fully leased, with approximately 95 per cent of the space already contracted. The modern shopping facility will offer the local community a diverse range of stores, including well-known international brands as well as Romanian retail and service businesses, including local enterprises.
