Developers completed 11 retail projects in 2023, totaling approximately 215,000 sq.m, a record level during the past 7 years, with retail parks having a 60% share, according to Cushman & Wakefield Echinox data.
Promenada Craiova, an 80,000 sq m. GLA project owned by NEPI Rockcastle and Dedeman (53,000 sq m. in a shopping center and 27,000 sq m. in a retail park and a Dedeman store) was the largest retail scheme delivered in 2023.
Other schemes finalized in the same quarter were AFI Arad, a 29,000 sq.m unit developed by AFI Europe, and Cosmopolis Plaza of 16,300 sq m. GLA, in the Cosmopolis residential project in Bucharest.
The total retail stock across Romania reached 4.45 million sq.m at the end of 2023, 54% of it in shopping centers, 40% in retail parks, and 6% in commercial galleries.
Romania also continued to be attractive for international retail brands, as new players such as Lefties, Wittchen, Jimmy Key, Kiko, or Happy Group opened their first stores in the country in 2023.
| Project | Location | GLA (sq. m) |
| Promenada Mall | Craiova | 80,700 |
| Carolina Mall | Alba Iulia | 29,000 |
| AFI Arad | Arad | 29,400 |
| Cosmopolis Plaza | Bucharest | 16,300 |
| Funshop Park Vaslui | Vaslui | 10,000 |
| Annabella Retail Park | Horezu | 10,000 |
| Cometex Retail Park | Ramnicu Valcea | 10,000 |
