Businessmen Klaus Reisenauer and Kurt Wagner, shareholders ofreal estate developer Oasis Development, have an investment budgetof around 80m euros for this year to build a mall in Oradea andanother five small shopping centres in Alexandria, Adjud, Aiud,Sebeş and Satu Mare, with five of these projects having Kauflandamong tenants.
Reisenauer and Wagner are two Sibiu residents who lived for 20years in Germany (1982-2002), then returned to Romania to buildstores for Kaufland and Plus, and in recent years have started alsodeveloping small shopping centres, with tenants such as Takko,Deichmann or C&A.
So far, three Prima Shops-branded projects have been completed inReghin, Tecuci and Făgăraş, two Family Center projects in Giurgiuand Botoşani, an Obi store in Sibiu, part of a larger development,and another Family Center project is due to be finalised inRâmnicu-Vâlcea.
"(...) We've started talks with banks and we are upbeat. For newprojects, banks still require self-funding of 40-50% ofinvestments, since Romania is perceived as a high-risk country,"Reisenauer says.
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