One United Properties enters the retail park market

Real estate developer One United Properties has partnered with Bogdan Macovei, the former expansion director of Kaufland and Lidl, with the plan to develop an extensive national network of retail parks, a sector that in 2024 experienced one of its best years in the last decade in terms of new project deliveries.

“Our plan is to develop a network of retail parks. We have secured the first locations by contracting land and are working on developing the team, which will be spread nationwide. Our target is projects with a sales area of 1,500 square meters and above, necessarily supported by a “food” anchor. We estimate that the works will gain momentum starting next year,” said Bogdan Macovei.

Specifically, through the new partnership, One United Properties aims to build stores to rent to food retailers such as Lidl or Penny, but also to non-food retailers, such as Jysk, if a food store already operates nearby. Most of the chain’s retail parks will be located in small towns.

So far, One United Properties has focused on developing housing and the office segment, on which it has created a portfolio with an area of 117,000 square meters. The only direct investment on the retail market is the Bucur Obor store, with an area of about 25,000 square meters. In addition, all of the company’s investments have been concentrated in Bucharest. Thus, the partnership with Bogdan Macovei also represents the expansion of One United Properties at the national level.

Source: Profit.ro