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Poland Mitiska REIM opens a retail park in Pitesti

Retail & leisure
Mitiska REIM has announced the opening of a new retail park in the Romanian city of Pitesti, one of four new development projects planned to open by Mitiska REIM in the Romanian market over the next two years.

The new Pitesti Shopping Park is food-anchored by a 5,000 sqm owner-occupied Kaufland supermarket and features 15 units with a GLA of almost 17,300 sqm, with parking for 392 cars and 12 EV charging stations. Located on one of the city's main boulevards and close to the A1 motorway, the new retail park offers a range of national and international brands, including TEDi, Pepco, KiK, a Clever Fit gym, and the first Leroy Merlin DIY store and first Burger King drive-through in the city.

Developed on behalf of the FRI 2 fund and in partnership with Square 7 Properties, the development is the first by Mitiska REIM in Romania to include solar panels on the roof area, which will supply most the center’s electricity requirements, and the first to target an Outstanding BREEAM certification. Development finance for the retail park was provided by Erste Group.

Pitesti Shopping Park is our most sustainable retail park development in Romania to date. It offers shoppers a complete convenience retail hub spanning groceries, DIY, fashion and discount goods, in addition to restaurants, a pharmacy and gym.
Clemens Petschnikar, CEO of Square 7 Properties

This latest retail park continues our investment program in Romania to meet the increasing demand for convenient, modern and sustainable retail infrastructure from retailers, shoppers and investors. We have a strong pipeline of further investment opportunities in the Romanian market, spanning retail parks, multi-let light industrial and urban logistics projects as we continue to secure additional investments for our latest fund, MEREP 3.
Tomas Cifra, Mitiska REIM’s Managing Director for Romania, Czech Republic, Slovakia and Bulgaria

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Edition 11 (293) November 2024

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