Bucharest | Romania Feed

New office project deliveries in capital Bucharest totaled 132,200 square meters between July and September 2021, the highest quarterly value ever recorded on the local market. In Jan-Sept 2021, the volume of new office spaces finalized stood at 178,200 sqm, per data from real estate consulting firm Cushman & Wakefield Echinox.

The Romanian office of the CEE-SEE law firm Wolf Theiss has expanded its team of lawyers, welcoming Mihai Coadă, Alexandru Vlăsceanu, Elena Ionaşcu and Vlad Catană to the Corporate / M&A practice group.   Following the recent addition of Bogdan Bibicu as a new partner at the beginning of November, Wolf Theiss continues its Bucharest […]

October came with a fast-paced increase in the average price of old three-room apartments in Bucharest to more than EUR105,200, a decade high that has not been reached since the first half of 2009.

Pharmaceutical manufacturer Biofarm (BIO.RO) has inaugurated a new pharmaceutical manufacturing and testing facility in capital Bucharest, which entailed an investment of over EUR35 million.

Novum Business Invest, held by Ionut Cosmin Fleancu and Dan George Dobre, has bought a plot of land in capital Bucharest, in the vicinity of Carol Park, where it will develop a residential project of 500 apartments, with the investment nearing EUR65 million.

Real estate developer Hexagon, based in Cluj-Napoca and held by Florin Maris and Raul Ciurtin, is building a mixed-use compound on the Policolor platform in capital city Bucharest, with a surface area of 13.9 hectares.

Tei pharmacy chain, one of Romania’s most dynamic businesses, controlled by entrepreneur Roxana Maftei, is readying four new store openings in Bucharest, but is also set to expand to Brasov and Iasi.

95% of Bucharest residents have changed their lifestyle and perspectives on housing quality in the last year and a half, as a result of the pandemic, according to a study commissioned by Impact Developer & Contractor. For the inhabitants of the capital, peace, outdoor green space and air quality are the most important aspects for […]

Business software producer EPAM Systems has leased 1,100 square meters of office space in Bucharest’s Crystal Tower project, based on a contract concluded with PPF Real Estate, a Czech developer and investor with real estate assets worth EUR2.4 billion globally.

Verifone Romania, a FinTech leader providing end-to-end payment and commerce solutions, is increasing its operations within the Innovation Center in Bucharest, formerly known as 2Checkout, which Verifone acquired in 2020. After a year of presence on the Romanian market, Verifone intensifies its efforts to grow the research and innovation team in the Romanian capital.   […]

Bucharest and Ilfov are home to over 70% of the total number of Mega Image stores in Romania, with Bucharest leading. Meanwhile, Cluj has become the third most important county on the company’s map, with 54 proximity stores and supermarkets.

Retailer Altex, Romania's leading electronics retailer held by businessman Dan Ostahie, will be opening an electro-IT hypermarket on Thursday, in capital Bucharest, following an investment of over EUR5 million.

Bucharest’s five-star Suter Palace Heritage Boutique Hotel in 2020 registered turnover of above RON2 million. The hotel was opened in 2018 and posted RON2 million revenues in its first year of activity.

Real estate consulting firm Collier rates the yields of premium office space projects in capital Bucharest at 6.75%, lower than the levels recorded in the previous years (for instance, 7% in autumn 2020), but, for exceptional projects, they are expected to go even below this threshold.

Badsi, a Nissan dealer controlled by the Badea family, has sold, via a sale & leaseback contract, the car center in Bucharest’s Pipera area, to Nusco Group within a transaction worth EUR2.5 million.

Lithuanian-held Apex Alliance group, which owns five hotels in Romania, forecasts an occupancy rate of at least 60% by yearend for Marmorosch hotel of Bucharest’s old town, as the best leisure/business mix is registered by the units the group controls in this area.

Romania’s modern retail landscape is an exact copy of the Romanian economy as most stores are opened in the most economically powerful counties, led by Bucharest.

Stay Fit, one of the largest players on the local fitness market, is opening a fitness center within Colosseum Mall, located in Bucharest, following an investment of over EUR650,000.

RPHI Romania (Raiffesen Property), the company that holds and manages Bucharest’s SkyTower, has extended by seven more years the lease contract for office space within SkyTower for the Republic of Korea Embassy In Romania.

Bucharest is currently Romania’s most important market for cash & carry, hypermarket or supermarket operators, hosting a quarter of the country’s total number of modern stores, say the representatives of German-held Metro Cash & Carry.