REPACO Capital opens Crevedia Retail Park after 15-million-euro investment

Crevedia Retail Park, one of the largest strip malls in Romania – with a total leasable area of ​​11,400 sq m – has opened its doors, and developer REPACO Capital expects tens of thousands of visitors per month throughout 2025.

The estimate considers the potential of a clientele of at least 70,000 inhabitants for retailers who have rented spaces in Crevedia Retail Park, in an area located near the northwest Bucharest, spread over Ilfov (IF) and Dâmbovița (DB) counties, which has seen consistent population growth in recent years.

Thus, the population of Crevedia (Dambovita County) increased by 13%, and that of Mogoșoaia (Ilfov County) increased by 28%, in the 2021 census, compared to the 2011 census. In addition, Ilfov is the county with the lowest average age in the country (38.6 years, compared to 42.5 years – national average), with thousands of people moving to the neighboring localities of Bucharest, including many families with children.

Crevedia Retail Park tenants include an 1,800 sq m supermarket (Annabella) and other stores specializing in the trade of: footwear (CCC and Deichmann); cosmetics, healthcare and pharmacy (DM, Dr Max); clothing (New Yorker, Sinsay); toys (Noriel); furniture (JYSK); various products, from clothing to household items and decorations (KiK, Pepco, TEDi).

Added to these is a drive-in restaurant, opened by the Finnish fast-food chain Hesburger (with a turnover of 458 million euros in 2023) and a Stay Fit Gym fitness center (with a network of gyms in over 20 counties).

Started on March 1, 2024, the construction and layout of Crevedia Retail Park was completed in about nine months from the start of construction, respectively 11 months from receiving the construction permit, and currently provides over 250 jobs.

“The premise from which we started the Crevedia Retail Park project – that there are still smaller localities than large municipalities, in several areas of Romania, where the need for modern shopping centers is not covered – has proven to be well-founded. The interest of retailers was evident even before the foundation of the shopping center was poured, by leasing 100% of the available area, and I am convinced that the interest of buyers will be just as great. For the excellent collaboration in the development of Crevedia Retail Park, I would like to thank the Apreutese family, with whom we hope to have more successful projects in the future. Our investments will not stop here, and in 2025 we will announce the completion of similar projects, currently in different phases of implementation, said Liviu Arnăutu, Partner and member of the board of GELD Capital Management, the company owning REPACO Capital.

REPACO Capital has other real estate development projects underway for retail parks: two under construction, in Curtea de Argeș (6,100 sq m) and Breaza (3,100 sq m), and two others in the authorization process, in Timișoara (4,500 sq m) and Brașov (5,500 sq m).