A similar project is under construction in Breaza and another retail park in Brasov is pending approval.
The total investment projected by REPACO Capital and GELD Capital Management for the development of strip malls in 2025 exceeds EUR20 million. REPACO Capital is owned 75% by GELD Capital Management and 25% by Muntenia Engineering & Construction.
With a leasable area of 6,100 square meters, Curtea de Arges Retail Park is located at 5A Victoriei Street, about 15 km from the future Bucharest-Sibiu highway, expected to be completed by 2028. Tenants of this strip mall include Annabella, Tedi, Hesburger, Pepco, Sinsay, CCC, Worldbox, Agroland, and RadicStar.
Thousands of monthly visitors are expected at Curtea de Arges Retail Park, and that number could increase significantly starting this summer once highway traffic from Bucharest to Curtea de Arges becomes operational. Essentially, Curtea de Arges Retail Park is set to become the main commercial attraction before crossing the Carpathians to Sibiu.
In addition to the newly inaugurated strip mall, GELD Capital Management is currently developing another similar project – Breaza Retail Park – with a leasable area of 3,100 sqm. The main anchor tenant will be Lidl, marking the first collaboration between GELD Capital Management and the company that has held the top spot among Romanian retailers for several years, both in terms of sales volume and profitability.
“We hope this collaboration with Lidl will be just the first step in a long-term partnership based on a shared vision of the quality level modern retail consumers expect,” said Liviu Arnautu, Partner and Board Member of GELD Capital Management, the company that owns REPACO Capital.
Located at 5B Griviței Street, Breaza Retail Park has reached a 100% occupancy rate, with tenants including Pepco and Sinsay.
“Following the successful launch of Crevedia Retail Park, which marked REPACO Capital’s debut, the year 2025 will represent our consolidation in the retail park segment, where demand remains high. Residents in smaller urban areas have become more demanding regarding retail services, and we’ve identified the ideal combination of location, tenant mix, and modern facilities to meet shoppers’ expectations. We remain open to attracting new partners who share our values and business development vision,” added Liviu Arnautu.
REPACO Capital is also in the final authorization phase for another similar project: Bartolomeu Retail Park in Brasov. With a leasable area of 5,500 sqm, the commercial center has already attracted interest from retailers in fashion, footwear, drugstores, and fitness sectors, with 85% of available space already leased.
The Curtea de Arges Retail Park (Arges County) and Breaza Retail Park (Prahova County) projects are developed by GELD Capital Management, while the Bartolomeu Retail Park (Brasov City) project is managed by REPACO Capital.
In total, the strip mall projects inaugurated by GELD Capital Management and REPACO Capital in 2025 will generate about 300 jobs, being located in areas that serve about 300,000 potential customers from neighboring residential areas, excluding possible customers in transit, especially in crowded areas with significant tourist potential such as Valea Prahova or Curtea de Argeș.
For 2026, REPACO Capital is preparing the opening of a strip mall in Reghin (Mures County), and the total anticipated investments by GELD Capital Management and REPACO Capital for the period 2025-2027 near EUR50 million.