Constanta, the new focus for retail developments

Constanta, the second most populated city in Romania, has become the focus of big retail projects this year. During the last two weeks, two large-scale retail projects have been announced on Constanta market. Once the Bucharest real estate market matured, investors started to turn to the other big cities. Middle-sized cities have not seen much investment for years, but now the commercial space market outside the capital is gradually catching up with Bucharest. The Neocity Group will invest 50 million euros in building the City Park mall, while the French at Catinvest will allocate 40 million euros to the development of the retail centre TOM, which will include the seventh Carrefour hypermarket in Romania. The city on the Black Sea Coast currently has a single major retail centre, Tomis Mall, situated on the location of the former general store Tomis, in the city-centre. ZF