Members’ news: Element Development finalizes Bistrita Retail Park

Members’ news: Element Development finalizes Bistrita Retail Park 1600 1200 Bucharest Real Estate Club

Members’ news: Element Development

finalizes Bistrita Retail Park

Romanian-based real estate company Element Development has finalized construction works at Bistrita Retail Park, totaling an investment of 9 million EUR. Located on 13A Moldovei street, Bistrita Retail Park is a 7,850 sq. m shopping gallery in a city of 81,000 inhabitants, 100 km North-West of Cluj-Napoca.

“With an 90% occupancy rate and an excellent location, in the city’s new retail hub, near the farmer’s market, Selgros, Altex and Penny, we are convinced we have delivered a competitive product on the market”, said Ionut Bordei, CEO, Element Development.

Carrefour, Churreria Julia, Metropolis, Money Chest and Salad Box have already opened the new units, while JYSK will inaugurate on 31st of May. The other brands will open the new stores in the following weeks, as fit-out works will be finalized.

The new shopping gallery has a diverse mix, comprising of super market (Carrefour Market), sports retailers (Decathlon & Sportisimo), furniture & home-deco products (JYSK, Lem’s, Top Shop), restaurants (Churreria Julia, Noodle Pack, Salad Box and Spartan), toys store – Dinoland, farmacy – Help Net, exchange – Money Chest, pet-shop – Zoo Center and gambling – Metropolis. Bistrita Retail Park addresses a catchment area of 150,000 persons from the city and its surroundings.

The general contractor of Bistrita Retail Park was the local company, Campeador, while Vitalis was the project manager. The exclusive leasing agency was CBRE Romania. The project was financed by Garanti Bank.