The division already has a portfolio of 25,000 square meters of retail space, in the projects developed by the company, Oasis said in a news release Thursday.
The company expects the new division to manage over 100,000 sqm of retail space by the end of this year.
The local property and facility management market, mostly based in Bucharest, was estimated at around EUR200 million in 2010, up some 10% on the year.
Oasis Development currently has a portfolio of more than 200,000 sqm of retail space under construction.
The company was founded by Sibiu-based businessmen Klaus Reisenauer and Kurt Wagner.