The first stage of the project consists of a lettable are of 9,000 sqm and the financing from OTP Bank covers 75% of the developer’s total investment.
“We are currently financing various sectors of activity, from production, to agribusiness and entrepreneurial businesses, and local retail is a winning sector in this pandemic in terms of activity volumes. The shopping gallery concept that Oasis Group is building in Sibiu has proven its resilience during restrictions,” said Dragos Mirica, deputy general manager, corporate division, OTP Bank Romania.
Future tenants will take over their spaces in 2021 and the official opening is scheduled for October 2021, the developer said.
Oasis Group, one of the most active local company in commercial property development and management, is implementing a shopping concept in the northern area of Sibiu, next to the highway, that will be anchored by retailers Hornbach, Kaufland, a toy store and two furniture stores that will be delivered by the end of 2022.
The project has a pre-lease rate of over 80% before construction has even started, said Reisenauer.
The next development phase will consist of more retail spaces, service spaces and restaurants.
Once completed, Prima Shopping Center Sibiu will have a total area of 60,000 sqm and will be one of the largest retail parks inn western Romania.