Swedish-held Medicover, the third largest private medical service provider in Romania, targets investments of EUR4 million in imaging centers in four large Romanian cities - Iasi, Constanta, Craiova and capital city Bucharest, respectively.
Old three-room apartment prices in Bucharest continued to increase in August, reaching more than EUR101,000, a decade high, which had not been reached since the first half of 2009.
Coffee shop chain Ted’s Coffee, owned by Romanian entrepreneur Vasi Andreica, will be opening three new coffee shops, in capital city Bucharest, in September 2021.
The ten companies managing Bucharest’s largest shopping centres, occupying a total area of above 740,000 square metres, ended 2020 with overall losses of RON214 million.
Gebrüder Weiss, one of the largest logistics and transport operators in Romania, plans to expand its logistics space in Bucharest and Sibiu by about 20% next year. The company currently has 65,000 square meters of logistics space with an average occupancy rate of 90%, a Gebrüder Weiss release says.
Insurance company Allianz-Ţiriac has signed a lease contract to relocate its head office to the Tiriac Tower office building located in Bucharest’s Victory Square, where it will occupy three floors and a total area of 4,640 square meters.
Belgian-held developer Speedwell has started work on the second building of residential project The Ivy on Strada Jandarmeriei in northern Bucharest.
French hotel group Accor, which has 15 hotels in Romania, plans to open two hotels under the Tribe and Adagio brands, which will be located inside the same building, in Bucharest’s Basarad area.
Irish start-up Nooka One, which offers complementary solutions to the office space market and focuses on mobility and flexibility, has installed an office in the garden of Bucharest’s ParkLake shopping mall, which consists of two work stations, high-speed internet, furniture and accessories, as well as smart sensors.
Cora is further expanding its Cora Express service by launching a new partnership with tazz, eMAG’s home delivery platform, for clients of Bucharest, Cluj-Napoca, Constanta, Bacau, Drobeta and Ploiesti.
Lithuanian hotel operator Apex Alliance, which owns and operates four hotels in Bucharest, has finalized its EUR42 million investment in Bucharest’s Old Town.
Real estate consulting firm CBRE Romania has assisted boutique investment fund manager Adventum, run by a Hungarian team of managers but officially based in Malta, in acquiring Hermes Business Campus office complex in northern Bucharest, held by Belgian real estate developer Atenor.
Artisanal bakery Pain Plaisir will be opening a new store, in capital Bucharest, in November 2021, within the J8 Office Park project, reaching four units in Bucharest, and targets a turnover of EUR2.5 million in 2021.
Euroins Romania, the second largest insurance company on the local market, has rented 2,500 square meters in building A of the J8 Office Park project developed in capital Bucharest by real estate developer Portland Trust.
Bucharest will have only 1.4 million inhabitants by 2050, compared with 1.8 million as statistics show in 2018, according to Eurostat data.
Superbet, the largest sporting bets operator in Romania, with over 1,000 agencies across the country, has opened a new location within the City Gate project in Bucharest in a transaction assisted by real estate consulting company Cushman & Wakefield Echinox.
Swedish-held Medicover, the third largest private medical service provider in Romania, on Monday said it was investing EUR20 million in a new hospital in Pipera area (northern Bucharest), which will have 150 beds.
Apartment prices went up in five districts in Bucharest in June compared with the previous month, and down in only two districts, as the market headed towards an 11-year peak.
Funcom, the main video games developer in Norway, is going to internalize the process of ensuring the quality of its games along with the opening of a studio in Bucharest, which will manage the QA (quality assurance) area of the company’s products.
Ford Europe wants to bring a services center to Bucharest and is looking to rent 5,000 square meters of office space at first and add more as needed, real estate market data show.