Price increases in the case of land in the Capital and large regional centers “push” retail developers to smaller cities, where lots can be bought at a lower price and where there is high interest from large chains.
“Of the 170,000 sq m of retail to be inaugurated in 2022, only 16,000 sq m – those in the Colosseum – are in Bucharest, the rest are nationwide. In addition, no big projects are announced, only small ones, apart from the Craiova Promenade, the rest are smaller retail parks, in small towns “, said Simina Niculiţă, director of retail services at Colliers.
Prime Kapital (in a joint venture with MAS Real Estate), Scallier and Mitiska have the most substantial investments in the plan, aiming to expand their presence in Romania.
