Pepco, KiK, Sportisimo, Penti, Elmark and Super Zoo are tenants who have signed contracts for the largest areas in retail parks developed by Scallier in Romania. In total, since the beginning of May this year, 11 new lease agreements have been signed in Timisoara, Vaslui, Turda and Mosnita retail parks. The Timisoara retail park was opened in May this year.
There are already another two retail parks built by Scallier in 2021: Rosiorii de Vede and Focsani. In total, at the end of 2022, Scallier’s portfolio will include about 40,000 sqm of commissioned, lettable retail space located in Romanian retail parks. In 2023, Scallier plans further openings. All retail facilities developed by the company in Romania are certified under the ecological BREEAM certification system.
“Retail parks implemented by us in Romania provide the market with a diverse, unique offer, which includes stores of recognised international brands, as well as points of sale belonging to large Romanian companies or local entrepreneurs. This combination is not only very popular with customers, but in many cases, it is expected by them. Our facilities meet the needs of a wide range of consumers,” said Wojciech Jurga, Managing Partner at Scallier, responsible for the company’s development in the Romanian market. “In addition, large-scale grocery stores are located near our parks. The joint offer often creates unrivalled commercial locations on the markets of small and medium-sized Romanian cities, which for many years will remain the preferred places for purchases by members of local communities.”
“Romania is one of the fastest growing and recovering markets in the region of Central and Eastern Europe after the pandemic slowdown, which in the first quarter of this year recorded one of the highest GDP growths in the European Union (5.2 percent quarter on quarter). This is mainly due to the growing consumption and the growing importance of the IT sector, ”said Adrian Aleman, Development Director for the Romanian market at Scallier. “The dynamic development of the retail park sector has been recently influenced by several factors: a pandemic and limitations in the operation of large retail facilities, the development of e-commerce and the complementarity of online commerce with the functions provided by retail parks, which are often collection points for goods ordered in the network, for example in the field of electronics and household appliances (in Romania, one of the tenants in our retail parks is the Flanco brand, which offers electronic equipment). Additionally, Romania lacks modern retail space, and Scallier, by implementing high-quality projects on local markets, secures the housing needs of key international retail chains.”