Non-food discounter TEDi, one of Germany's largest, leased a 733 square meter space in the Galleria Mall in Piatra Neamt in a transaction brokered by Colliers. Thus, the non-food discounter enters the northeastern city and expands its local network to 32 stores, selling a variety of products from homeware, small decoration and handicrafts, party, DIY, stationery, electrical and toys to cosmetics.
TEDi is a non-food retailer founded in Dortmund in 2004, one of the largest in the global retail industry, and currently operates over 3,000 stores in 15 European countries.
“Galleria Mall's success grows with each new opening, and TEDi's presence contributes to our goal of being the place to find any product, equipment or accessory for every member of the family. With 100% occupancy, we are grateful to our partners for their trust and assure them that we will continuously invest in the expansion and development of this shopping area. Using our construction expertise, we have invested in extensive renovations, starting from the facade, terrace and additional parking spaces, which have strengthened the Galleria's position as the main attraction in Piatra Neamt”, said Serkan Ileri, Country Manager and Partner at Steps Invest & Development.
Galleria Mall in Piatra Neamt has recently finished a complete renovation and repositioning process and now offers access to top brands in retail, fashion, sports, accessories and home decoration, furniture, food and entertainment.
“Shopping centres are constantly looking to diversify the experience they offer their customers and accommodate new retail concepts. Galleria Mall successfully responds to the need for quality and diversity among consumers, welcoming its customers with strong brands such as Decathlon, Sportisimo, Sinsay, Pepco, Deichmann, Jysk or Mobexpert. We are happy that we contributed to attracting the TEDi store to the project, a concept-destination that surprises with its variety and creativity and will certainly be extremely loved by the city's residents. TEDi is among the most active players in the market at the moment and we are confident that the partnership with Steps Invest will continue in the future with other projects. We are pleased that through this transaction and the advisory services provided to the shopping centre owner, Colliers' retail team has put one more brick in the building of a strong and attractive concept.Retailers' interest in expansion remains high, with discount and mass market concepts offering affordable products being the most active", explains Liana Dumitru, Director Retail Agency at Colliers.
”We are happy that we can be increasingly close to our customers. By partnering with Steps Invest & Development we managed to open the first TEDi store in Piatra Neamt. The investments made by the owner convinced us that Galleria Mall is an attractive place for the residents of the city and so we made the decision to open our store here. The entire assortment of TEDi products is now available for our customers in the store at Galleria Mall Piatra Neamt. We will continue to be present where our customers are and hope for many more successful partnerships in the future, such as the one signed with Steps Invest & Development and brokered by Colliers”, says Cristian Puscoi, Head of Expansion & Construction at TEDi.
Currently, Romania has a total modern retail stock of approximately 4.2 million square meters, out of which over 2.7 million square meters in shopping centers and the rest mainly in retail parks. Over 60% of the total modern retail area is concentrated in the top 10 largest cities, with above 200,000 inhabitants, although we expect the gap to reduce once the projects announced for the next 2 years will be delivered, most of them retail parks in the small and medium size cities.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20%. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
