Oasis Development opens EUR 7 million Family Center in Giurgiu

Newsroom 15/11/2010 | 12:15

Retail developer Oasis Development in partnership with Real4You Immobilien Austria has opened the Family Center commercial center in Giurgiu following a EUR 7 million investment.

Family Center Giurgiu has a built surface of 4,328 sqm, a rentable space of 4,260 sqm and 430 parking places. It targets both inhabitants of Giurgiu and those coming from across the Bulgarian border. Over 20,000 visitors are expected on the center’s opening day.

Brands that have opened outlets in the facility are Kaufland, Takko, Deichman, Carmolimp, Altex, Animax and DM Drogerie. The project is anchored by the Kaufland store, construction works on which were finished in March. The project’s renting agent was Kramer&Wagner.

“Family Center is a concept targeting families on low and average incomes. It has been successfully implemented in countries such as Austria, Hungary, the Czech Republic, Slovakia and Croatia, and it is now on a similar track in Romania. Three projects of this type, developed by Oasis Development, will be inaugurated this year in average-size towns across Romania,” said Kurt Wagner, partner at Oasis Development.

Oasis Retail Development & Consulting has delivered over 60 projects to date. The company has delivered ventures with a total surface area of over 1.5 million sqm, and an investment value of over EUR 800 million. Its current portfolio includes over 200,000 sqm of retail space in construction works and territorial development. In the next three years the firm plans to develop over 100 commercial centers and retail parks throughout the country. Since 2002 Oasis has been the partner of Kaufland and Plus in Romania, having developed over 50 commercial centers for them.