Global Vision enters retail sector with EUR 10 mln investment in Oradea
<p>Real estate investment and development company Global Vision has announced its first entry into the retail sector with a commercial project in Oradea, northwest Romania. The investment exceeds EUR 10 million and is part of the company’s broader EUR 150 million investment pipeline.</p>

<p>The new retail development, named Oradea Retail Plaza, will be located in the southern part of the city with direct access to the ring road.&nbsp;</p>

<p>The project spans more than 25,500 square meters and will be anchored by ATAC Hiper Discount, the discount hypermarket format operated by Auchan. The retailer has secured a 7,500 sqm space under a long-term lease agreement.&nbsp;</p>

<p>In addition, the development will feature a commercial gallery of over 1,500 sqm, offering space for national and international brands.</p>

<p>The project marks Global Vision’s official debut in the retail real estate market, complementing its existing portfolio in the industrial, office, and residential sectors.</p>

<p>Global Vision CEO and Founder Sorin Preda said that the company’s expansion into retail follows the same principles applied across its other sectors, namely “long-term vision, strategic positioning, and value-driven development.” The company aims to continue growing a diversified portfolio.</p>

<p>Meanwhile, Auchan Romania CEO Ionuț Ardeleanu noted the successful performance of existing ATAC Hiper Discount stores and affirmed the company’s strategy to expand the format nationwide.</p>

<p>Founded two decades ago, Global Vision has become a leading investment and development real estate platform in Romania and Central and Eastern Europe (CEE).</p>

<p>Auchan Romania has a portfolio of over 480 stores, including 26 classic hypermarkets, 8 ATAC Hiper Discount hypermarkets, 9 supermarkets, the Auchan Go smart store, almost 400 MyAuchan ultra-proximity stores, most of which are in Petrom stations, over 40 Simply by Auchan franchise stores, as well as the auchan.ro online store.</p>

<p><i>irina.marica@romania-insider.com</i></p>

<p><i>(Photo source: the company)</i></p>