Real estate developer Element Development, founded by businessman Ionut Dumitrescu, signed a contract with the Danish furniture and home accessories retailer for a total lease area of 1,275 square meters in Bistrita Retail Park.
The park’s shopping area totals 9,000 sqm following an investment of EUR7.5 million and will include a Selgros hypermarket.
Local company Campeador was designated general contractor.
CBRE Romania will exclusively handle the lease of spaces to retailers and Vitalis Consulting is the project manager supervising construction works.