Sustainable real estate projects, for a future to share
Sustainable real estate projects, for a future to share
Global Vision announces its first investment within the retail sector, marking a new chapter in the company’s strategic expansion. Located in Oradea, the new commercial project represents a milestone in Global Vision’s strategy to build a resilient, high-performing real estate portfolio across key asset classes, as part of the current investment pipeline that exceeds €150 million.
The development, set on a plot of over 25,500 square meters, will host ATAC Hiper Discount, the discount format operated by Auchan, as its anchor tenant, with a 7,500 square meter space secured under a long-term lease agreement. The project also includes a commercial gallery of over 1,500 square meters, creating a modern retail destination for both national and international brands. The total investment exceeds €10 million. The retail park will operate under the name Oradea Retail Plaza and is envisioned as a new commercial and social landmark for the region.
Situated in the southern part of Oradea, with direct access to the city’s Ring Road, the retail park benefits from a strategic location, excellent connectivity, and strong market fundamentals, making it a valuable addition to Global Vision’s cross-sector real estate strategy.
This transaction represents Global Vision’s official entry into the retail market, building on the company’s established success in the industrial, office, and residential sectors. It also reflects the ongoing growth of Global Vision’s real estate investment fund, which is focused on developing a forward-looking, diversified platform across Romania and the broader Central and Eastern European region.
“We’re entering the retail sector by applying the same fundamental philosophy that has guided our work in the industrial, office, and residential sectors: a long-term vision, strategic locations, solid partnerships, and integrated developments that deliver real value to our stakeholders. This approach has allowed us to consistently grow a resilient, diversified portfolio, one that’s built to perform across market cycles and remain relevant for both communities and investors.”— said Sorin Preda, CEO & Founder, Global Vision.
“The performance of the ATAC Hiper Discount stores opened in the last year is gratifying. The development of the Auchan network will continue with this format which we aim to bring closer to consumers in as many areas of the country as possible, as part of our commitment to protecting the purchasing power of Romanians. We are delighted with this partnership and are happy to offer the people of Oradea a winning hypermarket model, with a variety of food and non-food products, at the lowest prices.” — said Ionuț Ardeleanu, CEO Auchan Romania.
As Global Vision continues to deploy capital through its investment fund, the focus remains on scalable, integrated developments that prioritize sustainable design, operational efficiency and long-term community value.
Highlights
We’re entering the retail sector by applying the same fundamental philosophy that has guided our work in the industrial, office, and residential sectors: a long-term vision, strategic locations, solid partnerships, and integrated developments that deliver real value to our stakeholders. This approach has allowed us to consistently grow a resilient, diversified portfolio, one that’s built to perform across market cycles and remain relevant for both communities and investors.
CEO & Founder Global Vision
The performance of the ATAC Hiper Discount stores opened in the last year is gratifying. The development of the Auchan network will continue with this format which we aim to bring closer to consumers in as many areas of the country as possible, as part of our commitment to protecting the purchasing power of Romanians. We are delighted with this partnership and are happy to offer the people of Oradea a winning hypermarket model, with a variety of food and non-food products, at the lowest prices.
CEO Auchan Romania
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