The €28 million investment will include a leasable area of over 13,000 sqm, featuring a mix of facilities, services and brands, more than 10,000 sqm of green spaces, leisure facilities and outdoor activities, 450 parking spaces, as well as new pedestrian connections and access points following investments in remodelling the infrastructure in the area. The estimated completion term for this project is Q4 2026.

"Obtaining the building permit marks a step for Family Market Tomești, which sets out to become a landmark for the eastern area of Iași City. The project will address a trade area comprising 55,000 people, as estimated within a 10 minutes driving radius and including nearby towns, and it will support local economic development and create new jobs. We also believe that Family Market Tomești will become an attraction for residents from the Republic of Moldova, who frequently transit through this area when traveling to Iași," said Radu Pârlea, Family Market Shopping Center Manager.

Developed as a concept adapted to the everyday needs of families in the metropolitan area of Iași, Family Market Tomești is now stepping into a new implementation phase after obtaining the building permit. The €28 million investment will help revitalise the area by attracting a mix of tenants that is relevant for the community, creating green spaces, developing the infrastructure and a retail area that will address residents from both Tomești Commune and from neighbouring towns. The project will be anchored by a Kaufland hypermarket.