Real estate developer gets EUR 8.5 mln loan from Raiffeisen Bank Romania

Real estate developer Oasis Retail & Development Consulting has received a EUR 8.5 mln loan from Raiffeisen Bank Romania to refinance two retail projects, namely Prima Shops Oradea and Prima Shops Mangalia. The retail park Prima Shops Oradea will have a total rentable area of 10,000 sqm, after the second stage will open this fall. The first stage’s tenants include CCC, Takko, Deichmann, Pepco, Flanco, Noriel and Intersport. Prima Shops Mangalia opened last summer, near the Kaufland hypermarket, with Deichmann and PEPCO as tenants. Oasis Retail has 14 years of experience in retail centers in Romania. It has completed over 70 projects so far on a total area of 1.5 million sqm. Klaus Reisenauer and Kurt Wagner are the company’s shareholders. They have experience both in the local market, as well as in Central and Eastern Europe. Oasis has five retail parks under the “Prima Shops” brand in Roman, Reghin, Fagaras, Tecuci and Mangalia. editor@romania-insider.com