Element Development, Romanian real estate investment and development company, has this month begun the construction of Bistrita Retail Park at Calea Moldovei no. 13 Street, Romania. The new project represents an investment of €7.5 million.
Bistrita Retail Park will take up 9,000 sqm of retail space and is scheduled to open its doors to the public in September 2017. The investor has appointed CBRE as the project’s exclusive leasing agent.
In addition to the aforementioned retail scheme, Element Development also aims to start the construction of a new retail park in the Romanian town of Targoviste by the end of this year.
Located in the city center, the new retail park will consist of 11,000 sqm, housing a diverse tenant mix of fashion, footwear, beauty, sports and electronics stores, as well as a hypermarket. Its construction represents an investment of around €9 million.