A new Zara store opened in 2011 in a historical building of 1,500 sq. m in the center of Sibiu.
We have been the adviser in the leasing transaction between Inditex (the tenant) and BCR (the landlord).
Although it was an atypical transaction, it demonstrated that there was potential outside Bucharest both in terms of available properties and investors.
The decisive elements of the transactions were this time the location sustainability of revenues generated through a long-term contract with this prestigious tenant.
Sibiu was Inditex’s third street location for Zara stores, after the units opened in Bucharest and Pitesti.