Square 7 Properties is among the most dynamic players on the retail segment of Romania’s real estate market.
Via a partnership with Belgium’s Mitiska REIM, the developer has reached a portfolio of 26 retail parks in Romania, with 142,000-sqm total area.
The company has recently inaugurated the expansion of Slatina Shopping Park and now has a project in Giurgiu, one in Pitesti and one in Medias under development, with the three ones representing the 35,000 square meters the company wants to deliver in 2023. 2023 investments top EUR40 million.
The developer is looking at the potential of Romania southern and south-eastern area, where it says land availability is rising. More concretely, Square 7 Properties is looking at cities such as Galati and Constanta, but also around Bucharest.
(English version by Catalina Apostoiu)