Real estate developer RED Management will open in June a shopping centre in Vaslui county

The small size centre will include 20 fashion, footwear and cosmetics stores, with Penny Market as anchor tenant. This is the first unit from the Cadran chain, which target cities with populations between 25,000 and 75,000. The next unit will open in Marghita (Bihor county). RED Management, a joint venture between the US fund Warburg Pincus and Spanish fund GED, has invested 700 million Euro in Romania retail projects, including Armonia Arad, Armonia Braila and Cadran Slobozia and Miercurea Ciuc.

Source: www.thediplomat.ro February 2010; Link