Scallier announces 70% lease for first retail park in Romania

Polish company Scallier has announced that 70% of available space has been leased in its first retail park under the Funshop Park brand in Romania.

Among the tenants are brands as KiK, Jysk, Sinsay, and Flanco. Funshop Park now being built in Rosiorii de Vede will provide the market with a total of 6,200 sqm of modern retail space. It is scheduled for opening in Q3 2021.

Scallier has plans to complete six retail parks in small and medium Romanian towns by the end of 2022. The Romanian market will this way grow in total by 40,000 sqm of GLA. The Company is also conducting advanced talks concerning more locations.

“These locations do not usually have access to modern retail, and the local inhabitants travel to larger cities to shop for the more known brands. We are going to change that. The Romanian map of retail space has a lot of blank spots. We want to fill these gaps”, says Wojciech Jurga, Managing Partner at Scallier, who is responsible for the company’s development on the Romanian market.

Another two Funshop Parks will be completed this year in Focșani and Moșnița, near Timișoara.

Scallier manages commercial space investments and assets, focusing on maximizing property value over time. The present value of the retail properties portfolio managed by Scallier is around €120 million.

Source: www.property-forum.eu

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *