The new park in Oradea, under the concept NEST, has a lettable area of nearly 6,500 square meters and construction works started in October 2019.
CEE Estate Management was RC Europe consultant both in the land acquisition deal and for the lease of space within the NEST retail project.
NEST Oradea is the second retail project of RC Europe delivered in 2020, following the opening of NEST Miercurea Ciuc, in May. The first center was opened in Dorohoi, in 2017.
Besides the three projects in Romania, the company has also developed and manages two NEST retail parks in Serbia, where it plans to develop new projects in 2020.
RC Europe was established in 2005 and is a Czech developer and investor specialized in management, development and consulting for projects on the retail, office space and residential segments. The company has developed and manages projects involving office buildings, retail parks, residential compounds and supermarket chains, being active in the Czech Republic, Romania, Serbia and Croatia.
Besides retail parks, the developer holds five office buildings in Romania, of which two in Pitesti and the remaining three in Craiova, Drobeta and Slatina, respectively, totaling over 18,000 sqm of lettable area.
The company seeks to develop a Class A office building in Bucharest, called Arc Office Building, which will have a lettable area of 30,000 sqm, and a new retail park in Sighisoara.