Bucharest, April 28, 2022 - OTP Bank Romania continues to support the local economy and retail sector by financing solid projects, that contribute to the community development and have a green footprint, and grants 8 million euros in financing to retail property investment company Scallier, for the construction of Funshop Park Turda.
The Funshop Park Turda retail project developed by Scallier will provide around 9,000 sqm of lettable commercial space build on a 24.000 sqm plot of land, and the resulting retail gallery will comprise about 18 store units and a minimum of 270 parking spaces.
OTP Bank Romania has also previously financed the development of the Funshop Park Focșani, inaugurated last year, the second retail project of Scallier in Romania after first developing the Roșiori de Vede project in 2021.
„With this interesting retail project, we now mark another stage in our local partnership with Scallier. It shows a sustainable business model adapted to the times, bringing safe and modern retail into active medium sized towns as Turda, and shows a great care regarding its environmental impact in the community. The decisiveness of Scallier in developing a green standard retail park, together with the good positioning and international mix of tenants, has given us the opportunity to participate and support this project, and lay another brick in the local retail development”, said Gyula Fatér, CEO OTP Bank Romania.
“We appreciate the commitment of OTP Bank Romania to the development of our business. Cooperation with partners with such an established reputation obliges us to provide high-quality investment products that, apart from achieving the assumed business goals, also serve local communities. We are actively developing new projects and searching the Romanian market in the context of new investment opportunities, so we hope to continue cooperation in terms of another real estate developments”, said Wojciech Jurga, Managing Partner at Scallier.
OTP Bank is engaged in financing local companies, continues to support sustainable business models that adapt to changing conditions, and is a solid partner in financing green commercial real estate developments in Romania. Similar to all of Scallier’s development projects in Romania, the retail park in Turda will be certified according to the international BREEAM green rating standard.
Funshop Park Turda retail park will be put into service at the turn of the third and fourth quarters of 2022. At the moment there are no other modern retail venues in Turda, and along with the Kaufland store anchor, the new retail park is set to become the town’s unique landmark shopping mile. The international mix of tenants include retailers as Tedi, Hervis Sports, New Yorker, DM, Flanco, Animax, KIK or Noriel.
About Scallier
Scallier is a developer and asset manager of retail properties across Europe. Founded in 2011, the company specializes in retail parks, strip malls, and standalone retail assets. Scallier commits to provide best in class development and asset services for individual and corporate investors in the property market.
About OTP Bank Romania
OTP Bank Romania is a subsidiary of OTP Group, a universal bank with a very good presence in Central and Eastern Europe, that provides complete financial solutions, being active in the retail and corporate segment as well. From 2019, OTP Bank is going through an extensive transformation process, through which it aims to grow significantly in the business segments and to create a better customer experience. Having a continuously growing team, that embraces change and harnesses its potential, OTP Bank Romania is building a culture of trust at every level of the organization. The bank ranks 9th in terms of assets in the ranking of banking players in Romania, according to the latest NBR data. In Romania, the OTP Group members are the following: OTP Bank Romania, OTP Consulting, OTP Leasing, OTP Asset Management, OTP Factoring, OTP Advisors and OTP Bank Romania Foundation.
