Bucharest | Romania Feed

Real estate developer METAV has started construction of a new residential complex, Bellemonde, in Pipera, north of Bucharest, after securing the construction permit from the authorities of the city of Voluntari.

The Dulcinella brand, originating in the Republic of Moldova and present in Romania since 2019, has paid EUR800,000 for a 19,000-sqm land plot in Bucharest, where it wants to relocate cake production from Piatra Neamt.

Belgian-held real estate developer Liebrecht & wooD, whose projects include West Park Retail Militari and East Park Retail Pallady, announces continuation of investment in the east of Bucharest.

The J.W. Marriott hotel in Bucharest is investing EUR1.4 million in the new OLEA restaurant, with a menu based on the “Middleterrranean Cuisine”.

German-held retailer PENNY is opening the country's first fully autonomous store in the Politehnica area of Bucharest on Wednesday, where the shopping experience is entirely digital.

MedLife, the main actor on the private medical service market in Romania, has opened a new Sweat fitness & wellness center in Drumul Taberei, Bucharest, following an almost EUR1 million investment.

The number of housing units sold in Bucharest in the first quarter of the year rose by 18% from the year-earlier period, while nationwide demand went up by 19%, according to real estate consultancy Colliers.

Dutch-Belgian Ahold Delhaize Group, owner of the Mega-Image store chain in Romania, has announced the opening of a technology center in Bucharest that will employ around 250 specialists over the next few years.

Airline flydubai is opening an office in Eminescu Offices of downtown Bucharest in a deal brokered by real estate consultancy Cushman & Wakefield Echinox.

Julius Meinl Living, which manages hotel properties in major European capitals, has completed the acquisition of the Ambasador Hotel in Bucharest.

Romanian fashion brand Ami Amalia, founded by entrepreneur Amalia Saftoiu, is expanding its foothold with a first own offline store, set to be opened in downtown Bucharest, in Icoanei area.

The office sector in capital city Bucharest shows a positive fluctuation in terms of total leasing activity, after the first three months of 2024, being 71% higher than in the same period of 2023, according to data from real estate consulting firm CBRE.

The first quarter of 2024 ended with a more than 4% increase in old three-room apartment prices in Bucharest in March compared with the year-ago month, because of three areas with a double-digit rise – Oltenitei-Brancoveanu, Mosilor-Stefan cel Mare and Drumul Taberei.

US lingerie brand Victoria’s Secret is expanding its presence in Romania with a new store opening in capital city Bucharest, within the Mega Mall shopping center, reaching three units on the local market, all located in the capital city.

Retele Electrice Muntenia, part of the PPC Group, formerly named E-Distributie Muntenia, aims to complete the modernization of the Obor and Filaret transformer stations in capital city Bucharest by the end of 2024.

Vastint Romania has announced the start of the second phase of its real estate project Timpuri Noi Square, the urban regeneration project for the Timpuri Noi area in Bucharest.

Blankfactor, a global provider of technology and end-to-end digital transformation services for financial services, has leased the 35th floor of the SkyTower building in Bucharest, the tallest office building in Romania.

Renault Group put Emanoel Derta in charge of the Dacia Design Center in Bucharest as of this year. He replaces Ory Yohann, who had been running the studio since 2021, overseeing the launch of new models like Duster III, Bigster and Spring.

The central-western part of capital city Bucharest, from the Orhideea area to Calea 13 Septembrie area, will be concentrating more than 900,000 square meters of office space until 2030, which is enough to accommodate one million corporate employees, thus becoming the most important office hub in Romania.

Hospitality group Accor has partnered up with Romanian company Tecadra Hotels, held by the Cobalas family, for the conversion and extension of the existing Tecadra Hotel located in the Pipera area (in northern Bucharest) into a hotel under the Handwritten brand.