Czech developer to build retail park in central Romania

Real estate developer RC Europe, founded by Czech investors Miroslav Hartman and Jan Prokop – two former directors of German retailer Lidl – has completed the purchase of a land plot in Miercurea Ciuc, in central Romania, from Israeli company Plaza Centers, has reported.

The transaction totaled 1.58 million euros. RC Europe plans to develop a retail park on the site, with a leasable area of 12,000 square metres. The total value of the investment is estimated at 13 million euros.