The newest retail park in Sibiu will be ready in August. The investment amounts to somewhere around 12 million euros, and the official opening will take place in October this year. The new mall will cover an area of over 60,000 square meters, of which the commercial space will be approximately 9,000 square meters.
The first stage of development of the retail park built by Oasis Group in the northern part of Sibiu will have a rentable commercial space of 9,000 sqm, distributed in 11 retail units, and the financing granted by OTP Bank represents 75% of the total investment. The handing over of the spaces to the future tenants will be in August 2021, and the opening to the public will take place in October 2021.
“We are glad that we can be partners in a considerable investment, with a functional business model and a winning retail model. It is a developing field, and the concept of commercial gallery that Oasis Group has under construction in Sibiu has proved its resilience during the restrictions through a high attractiveness for consumers “, said Dragoș Mirică, Deputy General Manager, Corporations Division, OTP Bank Romania.
The new retail park will be located in the northern commercial area of Sibiu, near the motorway exit. It will be a shopping concept that will anchor Hornbach retailers Kaufland, a toy and household goods store and two furniture stores, which will be completed by the end of 2022.
“With a degree of pre-lease of over 80% of the spaces reached before the start of construction works, we also enjoy the trust of the tenants. We believe that it is a clear proof of the power and resilience of retail parks and the continuous attractiveness of this retail concept for financiers, traders and buyers alike, ”said Klaus Reisenauer, partner at Oasis Group.
In the next phase of development, several retail stores will be built, which complete the mix of existing ones, as well as service spaces and several restaurants. The entire Prima Shopping Center Sibiu project will have a total area of 60,000 square meters and will be one of the largest retail park projects in the west of the country.
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