MASTERBUILD Completes Construction of New Shopping Center in Pitești

MASTERBUILD General Contractor & Developer has completed construction on a new shopping centre in Pitești, developed by Square 7 Properties in partnership with the Belgian investment fund Mitiska REIM. The new Pitești Shopping Park, situated in the northern area of Pitești, spans a total leasable area of 24,000 sqm.

Located on Nicolae Bălcescu Boulevard, the shopping centre serves a population of approximately 150,000 residents from Pitești and surrounding areas. It is divided into two main sections: a DIY and construction zone and a retail gallery.

The DIY and construction area hosts the first Leroy Merlin store in Pitești, with a total area of over 9,782 sqm, offering a wide range of products and services for renovation and home improvement projects.

The retail gallery, covering more than 6,648 sqm, includes a mix of prominent retail brands, such as Tedi, Takko Fashion, Dr. Max pharmacy, Fressnapf, Sinsay, Xpress, Pepco, and a food court area, with Burger King as the main tenant.

The new shopping centre boasts a total built area exceeding 17,000 sqm, alongside more than 20,800 sqm of roads, platforms, and parking spaces, as well as 5,023 sqm of green areas. MASTERBUILD managed the entire project coordination and served as the general contractor. Construction was completed and delivered in under 12 months, with the new retail park now officially open to the public.

“We are thrilled to collaborate with the professional team at Square 7, experts in retail development, with whom we share a common vision: to create high-quality, sustainable commercial spaces that are not just new shopping destinations but also bring real added value to the community and become vibrant centres integrated into city life,” said Ștefan Ferdinand Vayna, CEO of MASTERBUILD General Contractor & Property Developer.

The project investment totals over €19 million.