Belgian developer gets EUR 33 mln financing from Erste for four retail parks in RO

Belgium-based real estate developer Mitiska REIM has secured a senior financing facility worth EUR 33 million from Erste Group Bank for four retail parks in Romania with a total gross leasable area (GLA) of 30,500 sqm, according to

The financing covers the retail parks in Bistrita, opened in 2017, (pictured), Braila and Drobeta Turnu Severin (both opened in 2019), and a new retail park currently under development in Baia Mare, which will open in the second half of next year.

Mitiska REIM and Square 7 Properties currently own 26 retail parks in Romania, with a total area of over 110,000 sqm, which is the largest portfolio of a retail park operator in the country.

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