Retail real estate advisory · Romania
The right site.
The right tenant.
We advise retailers, developers and investors on where to build, what to build and who should open there, then keep the asset performing long after opening day.
Leasing dossier
Neighbourhood retail park
3,600 m² GLA · 5 units ·
0/5
- commercial centres asset-managed
- 10+
- retail GLA overseen
- 100,000m²
- annual NOI budgets managed
- €15M
- years in Romanian retail
- 9+
Retailers and partners we work with
- Lidl
- Kaufland
- TEDi
- SyndiFi
Services
One advisor across the whole life of a retail scheme, from the first look at a plot to the tenth year of operation.
Talk to us about a project-
Site selection & due diligence
Catchment, traffic and competition analysis, zoning and title checks, so each plot is judged on what it can actually support.
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Concept & master planning
Massing, unit sizes, parking ratios and access designed around how discounters and convenience retailers actually trade.
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Tenant mix & anchor strategy
The right anchor and a complementary line-up of non-food, health and services tenants, chosen for the catchment rather than out of habit.
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Leasing & negotiation
Tenant representation and landlord leasing, from heads of terms to signed long-term leases with national and international retailers.
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Asset management
NOI and OPEX budgeting, reforecasts and investor reporting, with performance tracked in BI dashboards instead of spreadsheets.
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Portfolio, risk & governance
Portfolio reviews, risk frameworks and the processes that keep multi-asset retail portfolios predictable for owners and investors.
How we work
Five stages, one team accountable for the result.
- LandScreen and secure the plot
- ConceptShape the scheme around demand
- TenantsAnchor first, then the mix
- LeaseNegotiate long, bankable leases
- OperateManage NOI and report to investors
Client: SyndiFi
SyndiFi is a Bucharest-based platform for investing in commercial real estate, authorised by Romania's Financial Supervisory Authority (ASF). Each project sits in its own SPV, backed by long leases with established retailers.
Velba Partners advises SyndiFi on retail schemes. Its flagship, Oradea Retail Park, turned a former factory site on Calea Bihorului into a retail park let to Lidl, TEDi, Pepco, Sinsay and Dr. Max.
syndi.fi- Site area
- 17,000+m²
- Built area
- 4,270m²
- Annual rent
- €755k
- Project value
- €8.7M
Oradea Retail Park figures as published by SyndiFi.
Market insights
Why retail parks, and why now.
Modern retail stock passed 5 million m² in 2025. 2026 is set to be the busiest delivery year since 2011.
Colliers Retail parks · Q2 2026 ~23%Retail parks make up about a quarter of modern stock, with around 540,000 m² under construction or planned to 2029.
Cushman & Wakefield Echinox Tenant demand · 2026 DiscountersWith households more price-conscious, discounters and FMCG remain the most active tenants. That is the demand our schemes are built around.
ColliersAbout Velba Partners
Founded in Bucharest in 2018 to make the landlord–tenant relationship fair and transparent, and to bring data to decisions that are still too often made on instinct.
Andrei Velio, founder and managing partner, has spent close to a decade in Romanian retail real estate. He has asset-managed more than ten commercial centres and 100,000 m² of retail GLA, helped develop them, and built and reported annual NOI budgets of around €15M to investors.
Before real estate he worked in BI and product at eMAG and in data science, which is why his advice comes with numbers attached. A law degree and a master's from Maastricht University help when the small print of a lease matters as much as the rent.
- 2018 –Velba PartnersFounder & Managing Partner
- 2021 – 2024Avison Young RomaniaSenior Consultant, Retail Assets
- 2017 – 2020Prime Kapital DevelopmentAsset Manager · 10 retail assets, 90,000 m² GLA, ~€10M annual NRI
- 2014 – 2017eMAG · Quantum Data ScienceBI developer, product owner, project manager
Have a plot, a scheme or a vacancy?
Tell us where it is. We'll tell you what it can become, and who should be there.
It helps to include the location, the site area or GLA, and where the project stands. velio.andrei20@gmail.com