Romania continues to be one of the main destinations for international retailers looking to expand into Europe. Expansion programmes are, for the most part, directed towards the shopping centre stock, with the main focus on prime schemes in the main cities.
In 2016, Bucharest exceeded 1 million square metres of shopping centre space for the first time, reaching a density of 532 square metres GLA/1,000 despite the growth in online sales. But, in an effort to keep up with online sales, high street shops and shopping centres are being increasingly challenged to build environments and stores that cater for the increasingly sophisticated requirements of retailers and shoppers alike.
We have significant experience in acting for retailers, developers and investors. Our in-depth knowledge and clear understanding of the sector allows us to deliver insightful and innovative advice with real commercial value, including advising on the different legal structures that are becoming more common in mixed-use schemes involving retail, leisure and residential areas.