Prime Kapital, MAS to deliver new mall in Iași next month

Business Forum

21 March, 2025 at 10:28 AM

Prime Kapital Development and MAS PLC are preparing to open their new Mall Moldova project in Iași next month.

Work on the completion of the shopping centre is at an advanced stage, with the official opening scheduled for April 17th.

Mall Moldova is the largest shopping destination in Moldova and outside of Bucharest, with over 110,000 sqm in this phase of the project, offering more than 250 national and international brands, with 50 concepts being introduced for the first time in Iași.

”Mall Moldova is an ambitious project, created to become the benchmark for retail in the region, and we want to be able to offer our visitors a complete shopping and leisure experience,” said Mihaela Adam, Asset Manager of Mall Moldova Iași.

The developer says that over 3,000 builders, engineers, architects and designers, and hundreds of items of equipment and machinery were involved in the completion of the retail project.

Romania's retail stock second largest in CEE despite low density

Retail developers continue to accelerate expansion plans across Romania, with projects totalling more than 750,000 sqm currently in construction and planning stages for delivery until 2029, according to a report by Cushman & Wakefield Echinox.

Real estate

Prime Kapital secures €150 million refinancing for Mall Moldova

Property developer Prime Kapital has secured a €150 million syndicated loan arranged by UniCredit Bank Romania and Alpha Bank Greece to refinance Mall Moldova.

Real estate

Romania's retail market hits 5 million sqm milestone

Romania's modern retail market exceeded 5 million sqm in 2025, following deliveries of approximately 190,000 sqm of new retail space, around 20% above the five-year average, according to Colliers' annual report.

Real estate

Prime Kapital gets construction permit for resi project in Iași

Prime Kapital has obtained the construction permit for the first phase of its new residential project in Silk District: Loom. This represents the fourth stage of the urban regeneration project in Iași, developed on the site of a former silk factory.

Real estate

Iulius starts construction on new retail park in Romania

Family Market Tomești, developed by Iulius, has obtained the building permit, marking a step in the development of the convenience retail concept for the local community.

Real estate

Romania's retail space hits 5 million sqm milestone

Romania's modern retail market continues expanding, surpassing 5 million sqm of leasable retail space in 2025, according to Colliers data. The approximately 190,000 sqm delivered this year consolidated a stock heavily concentrated in Bucharest and five other counties, which together account for almost half of the total. However, Romania remains below regional peers in retail space per capita, indicating potential for further development.