December 22, 2025
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Opened in 2005, QTU (Universe Shopping Centre) is Albania’s first shopping center and a milestone in the country’s retail
evolution. With a modern interior design and a wide range of offerings — from fashion and electronics to dining and
entertainment — QTU redefined the shopping experience for Albanian consumers. It hosts popular brands like Neptun, Jumbo,
and SPAR Hypermarket, catering to every family need under one roof. QTU spans 29,000 m² of Gross Leasable Area (GLA) and
welcomes over 7.1 million visitors annually.
TEG (Tirana East Gate) is the largest and most diverse shopping destination in Albania, offering exclusive brands, entertainment
areas, restaurants, and cafés, all in an eco-friendly architectural design utilizing natural light and solar energy. A benchmark for
modern retail experiences, TEG combines shopping, leisure, and gastronomy to provide maximum comfort for visitors. It
features a Gross Leasable Area of 56,000 m² and attracts more than 10.5 million visitors annually.
East Gate Mall is the newest urban center of Skopje and the first fifth-generation shopping destination in the region. Spanning
160,000 m² of total area, it houses 220 stores featuring over 600 brands, The mall proudly hosts 20 exclusive brands not found
elsewhere in the region. With five levels of retail, dining, and entertainment spaces and 2,000 parking spaces, East Gate Mall is a
premier lifestyle hub with a Gross Leasable Area of 62,000 m² and 8.2 million visitors annually.
West Park in Korça is a flagship project showcases a unique commercial facility featuring well-known brands and inviting
public areas. Officially opened on August 2022, it marks the first investment of its kind in BALFIN Group’s portfolio in
Albania. The selected brands have been carefully chosen to meet the daily lifestyle needs of consumers, offering products
across key sectors such as food, toys, electronics, fashion, and home interior. Strategically located to stimulate regional
development, West Park covers a Gross Leasable Area of 5,500 m²
, serving as both a shopping destination and a catalyst
for community revitalization.
The first and only shopping center in the Albanian Riviera, Galeria by TEG is a must-visit destination for all tourists along the
southern coast. Located within Green Coast Resort, it offers a curated selection of mid to high-end fashion, and dining brands.
Conceived as a leisure hub that blends global retail with local culture, Galeria by TEG spans 6,630 m² and is designed to enhance
the Mediterranean lifestyle of the Albanian Riviera.
The first and only lifestyle center in the Albanian Riviera, La Vista is a unique commercial and leisure destination within Green
Coast Resort, blending retail, dining, and entertainment into a modern Mediterranean oasis. Spread over 17,717 m² across two
levels, La Vista hosts 20 commercial and service units, offering restaurants, cafés, shops, clubs, and recreation areas. Designed
to elevate the resort experience, it also provides 360 parking spaces to accommodate both residents and visitors.
Established in 2007, ACREM is Albania’s leading real estate and commercial asset management company. Introducing
international standards to the local market, ACREM manages premier shopping centers like TEG and QTU as well as residential
properties, logistics parks, and office spaces. With a strong team of experienced professionals, ACREM provides a full range of
services, enhancing operational efficiency, customer experience, and asset value across its diverse portfolio.
West Park, established in 2020, is Albania’s pioneer in the retail parks sector, introducing the innovative “big box” shopping
concept, by offering a lively shopping experience featuring multiple retailers, entertainment, and dining options, all within modern
facilities and convenient parking. Its first location in Korça set a new standard for retail in the region, delivering not just
convenience but a vibrant and engaging customer experience. Building on this success, West Park is actively expanding to new
cities across Albania and North Macedonia, aiming to reshape the regional retail landscape through innovation. Our focus on
sustainability and eco-friendly solutions ensures that we not only meet customer need, but also contribute to a better future
shopping experience.
Founded in 2023, Balfin Asset Management goes beyond traditional property management by shaping and operating high-end
destinations with a strong tourism and lifestyle focus. It integrates asset management, operations, and destination development
to drive long-term value and a fulfilling guest experience. The company oversees over 50,000 m² of hospitality and commercial
spaces, delivering more than 20 tailored services, including strategic consulting on mix use development, operations leadership,
and commercial concept development. Flagship projects include Galeria by TEG, La Vista, Green Coast, Green Coast Promenade,
and Vala Mar Coastline. With a client-centered and integrated approach, Balfin Asset Management & Hospitality delivers
exceptional value in Albania’s growing hospitality, lifestyle, and mixed-use development sectors.
BALFIN Group is a regional leader in asset management, delivering high-performance solutions across retail, commercial, and hospitality sectors. Through its specialized companies — ACREM, 2025 CORPORATE PRESENTATION Retail Park, and Balfin Asset Management — the Group manages a diversified portfolio of shopping centers, retail parks, residential spaces, and hospitality assets. With a focus on operational excellence, tenant experience, and sustainable innovation, BALFIN Group sets new standards for property management and value creation. Its flagship projects, including TEG, QTU, East Gate Mall, Galeria by TEG, West Park, and La Vista, are benchmarks of experience-led retail and integrated commercial environments in the Western Balkans.
