Retail market receives a new player as Global Vision announces a EUR 10 million investment in Oradea.
Global Vision, a leading investment and development real estate platform in Romania and Central and Eastern Europe (CEE), has announced its entry into the retail sector with the development of Oradea Retail Plaza. The project, located in the southern part of Oradea with direct access to the city’s Ring Road, spans over 25,500 square meters (about 2.55 hectares) and boasts a total investment exceeding EUR 10 million.
Oradea Retail Plaza will be anchored by ATAC Hiper Discount, the discount store format operated by Auchan. The French retail giant has secured a 7,500 sqm space under a long-term lease agreement for the project.
The development also includes a commercial gallery of over 1,500 square meters, aiming to create a modern retail destination hosting both national and international brands. This will mark Global Vision’s official debut in the retail real estate market.
Strategically positioned, Oradea Retail Plaza is set to establish itself as a new commercial and social landmark for the region. The location offers excellent connectivity and strong market fundamentals, fitting into Global Vision’s broader plan to build a resilient, high-performing real estate portfolio across different asset classes in Romania and CEE.
Speaking about the expansion, Global Vision CEO Sorin Preda said, "Our entry into the retail sector follows our long-term vision, strategic positioning, and value-driven development. We aim to continue growing a diversified portfolio."
Auchan Romania, the operator of ATAC Hiper Discount, has expressed its confidence in the project. Ionuț Ardeleanu, CEO of Auchan Romania, discussed the successful performance of existing ATAC Hiper Discount stores and affirmed the company's strategy to expand the format nationwide.
Auchan Romania's portfolio includes over 480 stores across various formats, such as hypermarkets, supermarkets, and ultra-proximity stores. The company also operates the Auchan Go smart store, franchises Simply by Auchan stores, and has an online store, Auchan.ro.
Oradea Retail Plaza is part of Global Vision's EUR 150 million investment pipeline. Founded two decades ago, Global Vision has become a significant player in the Romanian and CEE real estate market, with established presence in industrial, office, and residential real estate. This investment marks a new chapter in the company's growth story.
[1] Global Vision Press Release - Oradea Retail Plaza Announcement [2] Auchan Romania Press Release - ATAC Hiper Discount Expansion [3] Global Vision Website - About Us [4] Auchan Romania Website - About Us
Global Vision's entry into the retail sector, marked by the development of Oradea Retail Plaza, signals a strategic expansion of their business portfolio, which also includes investments in industrial, office, and residential real estate. This project, aimed at creating a modern retail destination, will be anchored by ATAC Hiper Discount, an investing opportunity secured by Auchan.
The partnership between Global Vision and Auchan, evident in the long-term lease agreement for ATAC Hiper Discount, aligns with Global Vision's vision to grow a diversified portfolio across different asset classes in the finance and real-estate sector of Romania and Central and Eastern Europe.
