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.
The retail park has a diverse mix, comprising of supermarket (Carrefour Market), sports retailers (Decathlon & Sportisimo), first multiplex in Bistrita, Happy Cinema, furniture & home-deco products (JYSK, Lem’s, Top Shop), pharmacy – Help Net and pet-shop – Zoo Center. 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.
