According to the real estate consultancy company CBRE, 367,000 sqm are currently under construction on the retail market with delivery dates in 2018 and 2019.
There are 19 of such retail projects, out of which 13 new and 6 extensions. In H1 2018, retail spaces totalling around 30,000 sqm were delivered in projects located in Bistrita, Focsani, Gheorghieni, Ramnicu Sarat and Vaslui, says Business-Review.eu.
The modern retail stock comprise 32 percent projects located in Bucharest, and other 38 percent located in 10 different cities: Constanța, Cluj-Napoca, Iași, Timișoara, Oradea, Brașov, Ploiești, Suceava, Craiova, Pitești.
Out of the 19 retail projects currently under construction, the largest in terms of leasable area:
- Openville in Timișoara, with 47,000 sqm GLA;
- AFI Palace Brașov, 45,000 sqm GLA;
- Targoviște Mall, 33,000 sqm GLA;
- Shopping City Targu Mureș, 32,900 sqm GLA;
- Shopping City Satu Mare, 28,700 sqm GLA;
- DN1 Balotesti (Ilfov), 28,000 sqm GLA;
- Baia Mare Value Center, 22,500 sqm GLA;
- Electroputere Parc in Craiova, 22,100 sqm GLA.
53 percent of the projects currently under construction is represented by the shopping centre sector, and 47 percent by the retail parks sector. 18 percent of all the retail projects that are developed now is represented by extensions.
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