Colliers Romania appointed to reposition Unirea Shopping Centres

Business Forum
Colliers Romania has been appointed to coordinate the repositioning process for the two Unirea Shopping Centres in Bucharest and Brașov. These centres boast significant retail spaces, with the Bucharest location covering over 80,000 sqm and the Brașov centre 16,000 sqm.

The mandate encompasses developing a new concept study, redefining the commercial spaces, and attracting new tenants who align with the current market context and the specific characteristics of each location. This collaboration comes amidst significant shifts in consumer behaviour among Bucharest residents, influenced by the continuous development of the retail market over the past two decades.

Simina Niculiță, Head of Retail Agency at Colliers Romania, stated: "The appeal and operational model of Bucharest's shopping centres have changed considerably in recent years. In this context, a building like Unirea Bucharest, with its ultracentral location and excellent accessibility, requires a fresh approach – modern concepts aligned with international retail and leisure trends. The potential is immense, and we are confident that many operators, both local and international, will want to join this project, including brands not yet present in the Romanian market."

The owner's objective is to transform Unirea Bucharest into a modern, adaptable multifunctional space, moving beyond the traditional fashion-centric retail model. 

The new concept will integrate a diverse range of functionalities and services, from restaurants, cafes, and rooftop bars to dedicated cultural, sports, and entertainment zones. Additionally, the project considers incorporating co-working spaces or traditional offices to meet the increasingly varied demands of urban consumers and tourists frequenting the central area.

Concurrently, Colliers will also oversee the complete repositioning of Unirea Shopping Center Brașov. This building will undergo extensive renovation, with its reopening estimated for late 2026 or early 2027.

RECOMMENDED
Romanias retail space hits 5 million sqm milestone
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.

Bucharest office vacancy hits lowest point since Q2 2021
Real estate

Bucharest office vacancy hits lowest point since Q2 2021

Companies have contracted office spaces for over 7,000 new employees in the first half of 2025, with new demand totaling 64,300 sqm on the Bucharest market, according to a report by Cushman & Wakefield Echinox.

Over 50 flexible workspaces operational in Bucharest
Real estate

Over 50 flexible workspaces operational in Bucharest

Bucharest hosts over 50 flexible workspace locations operated by nearly 30 providers, with this niche holding a 2.3% share of the total office stock in the city, similar to Dublin or Prague, according to a report by Colliers.

Bucharest office leasing reaches lowest point in four years
Real estate

Bucharest office leasing reaches lowest point in four years

Office leasing in Bucharest reached its lowest point in four years during H1 2025, according to Colliers consultants. Total leasing transactions exceeded 100,000 sqm, representing a more than one-third decrease compared to the same period last year.

RECOMMENDED FROM THE HOME PAGE
Romania cuts budget deficit to 6.40% in first 11 months
Finance

Romania cuts budget deficit to 6.40% in first 11 months

Romania's consolidated general budget recorded a deficit of  RON 121.77 billion (€23.90 billion), equivalent to 6.40% of GDP, in the first eleven months of 2025, down 0.74 percentage points from 7.15% in the same period of 2024.

Energy

PPC Romania to build 100 MW gas plant in Reșița

A company from the PPC Romania group will construct a natural gas power plant with a capacity of approximately 100 MW on Valea Terovei, on the site of the former UCC - Uzina Cocso Chimică platform in Reșița.

READ MORE
Business Forum  |  29 December, 2025 at 7:55 PM
Business Forum  |  29 December, 2025 at 5:39 PM