Ali Madadi to open retail park in Chitila

Businessman Ali Madadi, the owner of the car dealer Rădăcini Motors, is preparing the necessary documents for the development of a retail park, which will be built in 2025 in parallel with a new Kaufland store in place of the former UTREC Chitila factory.

The Madadi family, as the majority shareholder of the former UTREC Chitila food industry machinery factory, sold to the German retailer Kaufland, with a price of EUR 5.8 million, a 2.2-hectare land, free of construction, resulting from the dismantling of the over 3.7 hectare lot of UTREC. On the remaining piece of land, with an area of about 1.4 hectares, Madadi designed a retail park that will be called Chitila Plazza by Radacini. The project consists of 3 buildings with a cumulative area of 5,780 sqm. The opening of the park is expected for the last quarter of 2025 and will be synchronized with the opening of the adjacent Kaufland store.

"It will be a new concept of retail park focused on sustainability and with a different design compared to what we have in the market," said Filip Todasia, the representative of Rădăcini Estate, the real estate division of the Rădăcini group.

Source: Profit.ro