Oasis Retail Development & Consulting has announced the start of the second development phase of the PRIMA Shopping Center project in Sibiu, which has a total investment of €30M.
“At the end of 2023, the total area for shopping and leisure will be 80,000sq m, with an estimated average traffic of 45,000 visitors per day, in one of the largest retail parks in the center-west part of the country,” explained Klaus Reisenauer, Partner within the Oasis group, adding: “Retail parks are the big winners of the pandemic and maintain their tendency to be a safe and preferred shopping destination for Romanians. Due to the very airy concept, with access to all stores directly from the parking lot, minimal and streamlined service charge costs and significantly reduced rents, compared to a closed mall, retail parks represent one of the most competitive retail real estate products.”
“All the spaces with surfaces over 400sq m from the second phase of PRIMA Shopping Center project are pre-leased. We will bring important brands to Sibiu, and some of them even for the first time for this region. In the next period, we intend to complete the leasing process for locations with smaller surfaces, between 50-150sq m, which will complete the existing tenant mix,” said Oana Agachi, Head of Leasing within the Oasis Group.
