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.

Global Vision secures €4.5 million refinancing for Oradea retail project

Global Vision Investment Fund (GVIF) has signed a €4.5 million refinancing agreement with Raiffeisen Bank Romania for its retail project in Oradea. The development is anchored by Atac by Auchan under a long-term lease agreement and has earmarked landbank for a planned retail gallery.

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.

Real estate

Iulius begins €80 million renovation project of mixed-use complex in Iași

Romanian developer Iulius has begun the first phase of a major modernisation project for the Palas mixed-use complex in Iași. 

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

Lion Capital leads €100 million bond investment backed by Mall Moldova

Romanian public investment fund Lion Capital is the main buyer of a new bond issuance of PK Development Holding, a company controlled by Prime Kapital, which is guaranteed by a mortgage in the recently opened Mall Moldova.  

Real estate

Prime Kapital to start new resi phase in Iași mixed-use project

Prime Kapital will start in Q4 2025 the construction of a new multi-phased residential project as part of the Silk District mixed-use complex in Iași.

Real estate

Prime Kapital secures €20 million financing for resi development in Iași

Prime Kapital has secured a €20 million financing facility from Garanti BBVA for the third phase (residential) of its Silk District urban regeneration project in Iași.