Romania Shopping centres fuell the development activity
Retail & leisureschedule 29 August 2024
Dana Radoveneanu, head of Retail Agency, Cushman & Wakefield Echinox
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According to data from the Cushman & Wakefield Echinox, retail projects totalling more than 87,000 sqm were delivered throughout H1 2024, corresponding to a sharp increase when compared with the 30,000 sqm new supply from the same period of 2023. This year’s evolution was mainly fuelled by Q2 completions.
Projects with a cumulative area of 78,100 sqm were delivered in Q2 2024, an impressive growth compared with the previous quarter (9,300 sqm) and also with Q2 2023 (17,000 sqm).
The new supply was dominated by the shopping centre format, following the completion of Arges Mall, a 51,400 sqm shopping centre developed by Prime Kapital - MAS Real Estate in Pitesti and the second phase of Fashion House Pallady in Bucharest (5,700 sqm) by Liebrecht & WooD.
Moreover, two retail parks were also deliver
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