Square 7, part of M Core, is building a retail park in Galați, scheduled to open in the fourth quarter of next year. M Core will soon start construction work on the new retail park in its portfolio. The company bought a plot of land of about 100,000 sq m from developer Speedwell last year.

The new project will have a built-up area of approximately 30,000 sqm and will also include the first Leroy Merlin store in the city. M Park Galați will also have a food court area with restaurants, complemented by drive-thru units.

“With this project, we are strengthening our presence in southeastern Romania and remain faithful to our mission to deliver modern, sustainable commercial spaces created to support local development. M Park Galați is designed to provide long-term value to both customers and residents, as well as our commercial partners,” said Clemens Petschnikar, CEO of Square 7, part of M Core.

Source: economica.net

Following a EUR 40 million investment in the 16,500 sqm expansion and introducing new retail concepts, Iulius Mall Suceava continues its development process and adds new brands to its portfolio: DAAR, Reserved, New Yorker și TEDi.

Part of the Teilor Group, DAAR is a brand dedicated to young people and to all those who wear jewelry with attitude, and its portfolio centers around jewelry encrusted with lab-grown diamonds.

After opening the Mohito, Cropp, and House stores, LPP will open a new Reserved store this October, spanning a 2,000 sqm area.

German retailer New Yorker will operate in Iulius Mall starting this autumn, with a store spanning approximately 1,400 sqm.

This month will also see the discounter TEDi open in Iulius Mall. The store will have 900 sqm area.

PENNY continues to expand its network nationwide and inaugurates a new store in Nehoiu, Buzău County, located on Str. 1 Decembrie 1918, no. 3-5. This opening marks the achievement of the threshold of 425 stores in Romania.

The new store has a sales area of 859 sqm and offers customers 81 parking spaces, of which 3 are reserved for people with disabilities.

PENNY is the successful concept of the German group REWE and one of the most active retailers in Romania, with the first store opened on the local market in 2005. The entire network is served by four logistics centers located in the towns of Ștefăneștii de Jos, Turda, Bacău and Filiași. Currently, the PENNY network in Romania consists of 425 stores nationwide.

Retailer Pepco, one of the largest clothing retailers in Romania, is marking ten years of local presence and opening its 500th store. Pepco opened the new store in the Greenfield residential complex in northern Bucharest.

The retailer entered the Romanian market in March 2015, when it opened its first stores in Bucharest, Ploiești and Câmpina. From 44 stores and 450 employees in 2015, the company currently operates 500 stores in over 100 cities, supported by nearly 4,000 employees.

“Romania has established itself as one of the most dynamic and strategically important markets for Pepco Group. The size of the network, the customer base and the consistent performance here are essential for our success in Central and Eastern Europe. Reaching the 500 store threshold, after 10 years of presence in Romania, is proof of both customer loyalty and the involvement of our teams on the ground”, says Anca Radu, Operations Improvement Director, Pepco.