Oasis Retail & Development Consulting secured €8.5m from Raiffeisen Bank Romania to refinance their Prima Shops retail parks in Oradea and Mangalia.
Prima Shops Oradea is going up in two, 5,000 sqm phases. The first phase, opened in April, is fully leased to retailers like CCC, Takko, Deichmann, Pepco, Flanco, Noriel and Intersport. The Danish furniture and accessories retailer JYSK recently signed a lease on 1,100 sqm and will open its store in August. The second phase of the project is set to open this fall.
Oasis used its own capital to develop the retail parks in Mangalia and Oradea. Based on the improving financing conditions in Romania and the sustainable retail growth, the company decided to refinance these investments, said Klaus Reisenauer, an associate at Oasis Retail & Development Consulting.
