ROMANIA INDUSTRIAL Q1 2023
Bucharest, October 2021: The real estate consulting company Cushman & Wakefield Echinox has been appointed to manage two Funshop Park projects developed in Romania in Rosiorii de Vede and Focșani by the Polish company Scallier, one of the most dynamic investors in small and medium retail parks.
Scallier’s first project in Romania has been opened at the end of September in Roşiorii de Vede, with tenants such as: JYSK, Pepco, Sinsay, KIK Textilien, Martes Sport, Deichmann, Flanco, Animax, City Doner, Vibe, Las Vegas and Inmedio.
By the end of 2022, Scallier aims to open in Romania other retail parks with a total leasable area of 40,000 square meters.
The Asset Services team of Cushman & Wakefield Echinox will have responsibilities in managing day-to-day activities within the project, tenant relationship management, operational supervision, financial services and landlord reporting, through a team of specialists coordinated by Mihaela Petruescu, Partner Asset Services.
Mihaela Petruescu, Partner Asset Services, Cushman & Wakefield Echinox: “We are pleased to collaborate with Scallier, a relatively new developer on the local market, but with extremely ambitious plans that are beginning to materialize through the opening of Funshop Park Roşiorii de Vede and Focşani. We believe that Scallier projects fit perfectly within the current requirements of the retail market, bringing a modern and convenient retail in the smaller communities. In addition, Scallier projects are developed with special care for the environment, both in the construction and in the operation phase.”
Cushman & Wakefield Echinox is a top real estate consulting company on the local market and the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently. The asset services department within the company manages the most diverse property portfolio, providing management services for office buildings, industrial parks and retail projects, totaling 488,000 sqm, in Bucharest and in the main cities in the country. The team of over 80 professionals and collaborators offers a full range of services to investors, developers, landlords and tenants.
Cushman & Wakefield, one of the global leaders in commercial real estate services, with 50,000 employees in over 60 countries and € 7.8 billion in revenue, provides asset and investment management consulting services, capital markets, leasing, properties administration, tenant representation, project management, design and evaluation services. For more information, visit www.cwechinox.com.