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HomeReal Estate NewsIMMOFINANZ Refurbished Over 10,000 sqm of VIVO! Baia Mare

IMMOFINANZ Refurbished Over 10,000 sqm of VIVO! Baia Mare

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VIVO! Baia Mare shopping center in Romania celebrated this month the reopening of one-third of its retail space, welcoming LIDL supermarket and more than ten new stores. The total investment in refurbishment was over 7 million EUR.

From the 18th November, the ground floor of VIVO! Baia Mare reopened presenting a new state-of-the-art shopping and leisure area. Visitors of VIVO! Baia Mare were invited to discover new stores and enjoy shopping breaks in new indoor cafés.

“Following the successful refurbishment of VIVO! Cluj in 2019, we are happy to reopen VIVO! Baia Mare, freshly modernized in order to provide customers with a contemporary atmosphere, premium services, and an improved shopping experience. This underscores VIVO! Baia Mare as the leading shopping and entertainment destination in Maramures, and it is part of IMMOFINANZ’s strategy to keep up with the trends and modernize all shopping centers in its portfolio,” said Fulga Dinu, Country Manager Operations IMMOFINANZ Romania.

New Store Openings 

New stores include Lidl, La Casa, Colin’s, DeFacto, KIK, Hervis Sports, Sport Vision, TEILOR, Sabrini, English Home, Nordpharm, and DR Green.

At the same time, new store concepts were introduced by existing tenants Flanco, Animax, dm, OPTIblu and Sizeer.

The reopening was celebrated with a NEWER FOR YOU campaign, inviting visitors who possess a green certificate to a festive atmosphere with good music, balloons, and many other surprises.

Health and Safety a Priority

At VIVO! the safety of visitors and employees in the shopping center is a top priority. The cleaning staff continuously ensures sanitation and disinfection of the surfaces with which visitors come into contact, all this being monitored every hour.

Dispensers with hand sanitizing solutions have also been installed in the toilet and restaurant areas. The restaurant area has been reorganized to ensure optimal spacing between tables.


The IMMOFINANZ properties in Romania have a carrying amount of 775.5 million EUR and represent 15.2% of the company’s total portfolio.

In the retail segment, IMMOFINANZ has three other shopping centers in Romania, located in Cluj Napoca, Constanța and Pitești. The retail portfolio is completed by the retail park STOP SHOP in Botosani.

The shopping centers owned and managed by IMMOFINANZ in Romania have an occupancy rate of over 98%.

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