OTP Bank provides approximately 9 million Euro in financing to real estate developer Oasis Retail Development & Consulting, for the construction of the Prima Shops Sibiu retail park.
The first stage of development for the retail park built by Oasis Group in the northern part of Sibiu will have a rentable commercial space of 9,000 sqm, distributed in 11 retail units, and the financing granted by OTP Bank represents 75 percent of the total investment. The retail space delivery towards the future tenants will take place in August 2021, and the opening for the public is sheduled for October 2021.
“We are glad that we can be partners in a considerable investment, with a functional business and winning retail model. We currently carry out financing in different sectors of activity, from production, to agribusiness and entrepreneurial businesses, but as a volume of activity, local retail is one of the winning sectors of the pandemic. It is a developing field, and the concept of commercial gallery that Oasis Group has under construction in Sibiu has proven its resilience during the restrictions through a high attractiveness for consumers,” said Dragoș Mirică, Deputy CEO and Head of Corporate Banking Division, OTP Bank România.

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