Poznan-based company Scallier, actively operating in Romania, where it is expanding a network of retail parks, is opening another facility under the Funshop Park brand. The retail park of 10,000 sqm in the Arad district is nearing completion. The official opening of the centre is scheduled for March 6th of this year.
The new park has attracted well-known brands, including DM, Sinsay, Pepco, KIK, Tedi, and Agroland. The complex will house a popular chain fitness club, Stay Fit Gym, as well as several restaurants. The project includes an outdoor food court and a playground. Lidl supermarket, which is the main tenant of the facility, has been serving local customers since December of last year.
Wojciech Jurga, Managing Partner at Scallier, confirms that investing in retail projects in Romania is a key part of the company’s current growth strategy. “The Romanian retail market is growing rapidly, standing out with its investment dynamics compared to other European markets. According to estimates, over 800,000 sqm of modern retail space is currently under construction in this country – twice as much as in Poland. Romania is among the leading countries benefiting from EU funds. The country is experiencing significant retail sales growth, far exceeding the EU average. These factors undoubtedly encourage the development of new retail projects in this market. Especially since the level of modern retail space saturation is one of the lowest in Europe, with Romania’s retail stock being three times smaller than Poland’s. There is a lack of attractive retail offerings in many parts of the country, particularly in suburban and regional locations. That is where we place our investments. Taking advantage of Romania’s favorable market conditions, we have been developing retail park projects here for several years. We plan to consistently increase the company’s market share, highlighting our commitment to its development.
The Arad investment marks the seventh retail park developed by Scallier in Romania. The company’s portfolio includes retail parks in Roșiorii de Vede, Focșani, Timișoara, Turda, Vaslui, and Moșnița. Scallier has delivered around 60,000 sqm of GLA to the local market. All retail facilities developed by the company are BREEAM-certified.
The retail park that Scallier is opening in Arad is nearly fully leased, with about 95 percent of the space already contracted. The modern shopping facility will provide the local community with a diverse offering, including stores from well-known international brands as well as retail and service options from Romanian businesses, including local enterprises.
