Among the biggest retail projects built in the second half of 2018, which total an area of 71,000 sqm, are Shopping City Satu Mare, Value Center retail park in Baia Mare and Value Center retail park in Roman.
Other notable projects were micro-center openings inside cities, operated by hypermarket chains. In the second half of 2018, Auchan reached 19 units under its MyAuchan brand, a trend that will likely be followed by other large chains in 2019.
Another trend is the expansion of current retail centers and parks and 24% of projects underway due for delivery in 2019 are expansions, said Carmen Ravon, Head of Retail Leasing at CBRE Romania.
For 2019 developers announced the delivery of approximately 270,000 sqm of retail stock, of which 11% in Bucharest.
Among the biggest projects under construction are Openville Timisoara with 47,000 sqm, Festival Centrum Sibiu with 43,000 sqm, Shopping City Targu Mures with 32,600 sqm, Targoviste Mall with 31,300 sqm, DN1 Balotesti with 28,000 sqm, the expansion of Electroputere Parc in Craiova with 22,100 sqm and the expansion of Colosseum in Bucharest with 20,000 sqm.