January 29 (SeeNews) - Oasis Retail Development & Consulting said on Tuesday it has entered an association with Austrian-based group Supernova for the development of Prima Shopping Center Sibiu.
The 40,000 sq m retail park is located north of the city of Sibiu, in central Romania, Oasis said in a press release.
"Supernova is a real estate developer with over 20 years’ experience in retail development. We have previously collaborated on the Austrian market and I am convinced that we will have a successful partnership in Romania too. We are now working on permitting, with the intent to start construction for the first phase in the autumn of 2019 and deliver it in Q2 2020," Oasis co-owner Klaus Reisenauer said.
The first phase will spread on an area of 15,000 sq m and will comprise a hypermarket and a shopping gallery, targeting population living north and west of Sibiu, as well as the transit traffic in the area. For the second phase, the developer targets a mix of retailers, which trade large products, and a hotel.
"In Sibiu we own for a couple of years a land of 18 hectares in a key area, in the vicinity of Hornbach DIY store, with access to the main exit towards the Sebes highway and E81, connecting with Ramnicu Valcea and Bucharest. Due to the excellent accessibility for both individual and transit traffic we consider that now it is the right time to develop this project of regional importance," Oasis co-owner Kurt Wagner said.
Oasis Development is one of the most active retail developers in Romania, with over 70 successful projects delivered in the last 15 years. The retail developer is owned by Klaus Reisenauer and Kurt Wagner. The company develops own projects under Prima Shops & Family Center brands. The company has a portfolio of seven Prima Shops retail parks- in Oradea, Roman, Reghin, Fagaras, Tecuci and Mangalia, and Family Center retail parks in Giurgiu and Ramnicu Valcea, in co-ownership.
Supernova develops and manages shopping malls and retail parks. It is active on the markets of Slovenia and Croatia, with a portfolio of over 20 shopping centers. The partnership with Oasis for the project in Sibiu marks the entry of Supernova on the Romanian market.