Romania Retail Marketbeat Q4 2024

Shopping Park Pitesti (22,500 sq. m), the major refurbishment of Jumbo Center in Bucharest (25,700 sq. m) and Crevedia Retail Park (12,000 sq. m) were the most important retail completions in Q4. Therefore, the 2024 new supply was of ~180,000 sq. m GLA, reflecting a 15% decrease when compared with 2023, while still being one of the best years in the past decade when it comes to new completions.