The development will be carried out in a “single investor” regime.
Clemens Petschnikar says the company has an over 15-year expertise in retail project development which it is using for new strategic investments in Romania.
In parallel, Square 7 group is continuing its investment plan with Belgian fund Mitiska REIM.
Together with the Belgian fund, Square 7 Properties manages a 26 commercial park portfolio and an over 142,000-sqm rentable area portfolio.
(English version by Catalina Apostoiu)