Commercial - In 2019, before the Covid-19 pandemic, the investors delivered retail parks with a total area of 62,890 sqm. Investors have adopted this recipe, also
OASIS Group to invest 30 million Euro in second phase of PRIMA Shopping Center project in Sibiu thediplomat.ro - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thediplomat.ro Daily Mail and Mail on Sunday newspapers.
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 commerci