Bucharest | Romania Feed

In December 2024, 18.7% more homes were sold in capital city Bucharest than in November 2024, namely, a total 5,136 properties, compared to 4,326 units bought in the penultimate month of 2024, official data from the National Agency For Cadaster and Real Estate Publicity (ANCPI) showed on Tuesday (Jan. 14, 2025).

December 2024 brought a strong price increase on the Bucharest market of old three-room apartments after a year and a half of advances.

International Workplace Group, the world’s largest hybrid work solution provider, with brands such as Spaces and Regus, is opening a new flexible work space in Bucharest, in Vastint Business Garden building, in a bid to meet the ever rising demand for such spaces on the local market.

Private ophthalmology hospital Infosan is opening a new ophthalmology clinic in Iancului area in Bucharest in the first part of this year, following a EUR2 million investment.

Bucur SA Bucuresti (stock symbol: BUCV), a company engrossed in selling food products, spirits and coffee, and in property lease, has announced in a stock market report on Dec. 23 that it will organize a competitive outcry auction for the sale of a plot of land in capital city Bucharest. ​

Louis Vuitton, one of the biggest names in the luxury industry, has opened a new store on the ground floor of the Athénée Palace Intercontinental Hotel on Calea Victoriei in Bucharest. The boutique took both the space vacated by Gucci and the space next to it, ZF has found.

Nusco, one of the leading and most active real estate market players, has sealed the partnership via which Hyatt will open its first hotel unit in Bucharest, in one of Romania’s largest urban regeneration projects, Nusco City.

Nine months after its launch in Romania, Munch app that aids reduce food waste, has reached 180 partners in 291 locations of Bucharest and Iasi, marking a 40% increase over the past six months.

Hidroelectrica (stock symbol: H2O), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, has announced in a press statement that it has signed a Memorandum of Collaboration with the Technical University of Civil Engineering of Bucharest.

Bucharest’s Calea Victoriei (Victory Avenue), the main shopping street in Romania, has climbed two positions, to 38, in the ranking of the world’s most expensive shopping destinations, as Bucharest rents have in the past year posted the seventh strongest increase among the 138 markets analyzed globally in the latest “Main Streets Across the World” report drawn up by real estate consultancy Cushman & Wakefield.

Poland’s LuxVet Group, which operates on the market of veterinary clinics and hospitals in Central and Eastern Europe, has bought Pet Stuff, is one of the largest veterinary hospitals in Bucharest and Romania.

Prima Development Group, an Oradea-based real estate developer, has secured the construction permit for a residential project in Bucharest, PRIMA Astera, an investment put at EUR65 million.

Holding company Meta Estate Trust has announced the total exit from the boutique residential project developed by APX Immo Property in Bucharest’s Cotroceni area.

Cake shop chain Damarin is investing EUR500,000 in a chocolate product lab, a project that will allow the company to expand beyond Craiova. Bucharest is the first target.

Bucharest’s Corinthia hotel will open in the first part of 2025, more specifically in the first quarter, Simon Casson, Corinthia Group CEO, told ZF.

Stripe, an Irish-American fintech valued at $50 million that has globally developed an infrastructure allowing companies to accept payments by card but also via different local platforms, has reached a team made up of over 50 people in the center it opened a year ago in Bucharest and continues recruitment.

Life Group, the brand under which dental clinics Life Dental Spa and VivoDental operate, has recently opened a kids’ dental center in Bucharest’s Dorobanti area and a clinic in Timisoara, in the wake of total investments worth above EUR1 million.

Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, with EUR5.8 million turnover last year, expects 20% higher results for 2024 and plans to add another two floors and a new surgery hall.

German retailer Lidl continues to invest in Romania by opening three new stores in Bucharest, Sibiu and Rasnov, for which 86 new jobs have been created.

Around 77,000 square meters of offices were traded in Bucharest in the second quarter of this year, with net demand posting a strong recovery, with a 62% share of traded volumes, the biggest quarterly weight since Q1/2022, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.