Square 7 Properties, together with its strategic partner Mitiska REIM, has launched a new project in Baia Mare and the expansion of its retail park in Medias.
The investment in "Baia Mare Shopping Park" sees its extension near the Kaufland store and totals 8,400m² of leasable area. The tenants include Altex, C&A, Kik, Jysk, DM, Numero Uno, Pepco, Sinsay, Sportisimo, Superzoo or Xpress. Baia Mare Shopping Park also benefits from a parking area comprising over 300 vehicles.
The companies have also completed the expansion of the retail park in Media? - "Medias Shopping" by inaugurating a new leasable area of 8,000m². Thus, Medias Shopping Park reaches a total commercial area of 16,400m². The new shopping centre, located on Soseaua Sibiului 75, will feature new brands such as Altex, Hervis, Kik, CCC, Xpress C&A, Noriel, New Yorker, Sinsay and Super Zoo. These are in addition to existing brands such as Kaufland, Deichmann, Takko, Pepco, Flanco, DM and Jysk, respectively.
"Currently, retail parks are preferred by consumers in terms of accessibility, the advantages being food anchors, outdoor parking spaces and direct access to stores. Time is a valuable asset for customers, who are also oriented towards a good quality-price ratio, therefore focusing on shopping centres that offer comfort, experience and variety, all in one place, is the obvious choice. Moreover, there are dense residential areas nearby that will generate a large number of customers. There is an increased demand on the market from all our partners in different segments (fashion, appliances, home & deco) and there is a trend in recent years regarding expansion in cities where the commercial offer is not covered," said Clemens Petschnikar, CEO of Square 7 Properties.
Square 7 Properties and Mitiska REIM also plan to expand the existing retail parks in Slatina and Tulcea, as well as starting the development of two new commercial parks in Pitesti and Giurgiu, with a total commercial area of 36,000m².
