Bucharest | Romania Feed

KMG Rompetrol, the management and support division of KMG International Group, has extended its lease until the end of 2026 for offices in the City Gate compound in northern Bucharest.

Belgian industrial developer WDP is investing EUR29 million acquiring land for new projects in the Bucharest area and the Transylvania region in Romania, it said in its first quarter earnings report released Wednesday.

Nova Imobiliare, the developer of the Colosseum shopping center in northwest Bucharest, is starting a residential project that will be located in the proximity of the Colosseum shopping mall.

Prices of old three-room apartments in Bucharest went up by EUR150 or 0.15% to EUR98,850 on average in March compared with February, real estate consultant SVN Romania data show.

Industrial park developer CTP, a top five European logistics property company and the largest logistics property owner-developer in Central and Eastern Europe, announces investments of EUR200 million by the end of 2021, in the construction of 300,000 square meters of warehouses in logistics parks in the cities and towns of Bucharest, Timisoara, Turda, Sibiu and Pitesti.

German group Rehau is looking to sell two production units in Cluj (Apahida) and Bucharest (Tunari), as part of the relocation process of Rehau Romania offices in central locations and the construction of a new hub in Sibiu by the end of 2022.

MAM Bricolaj (MAM.RO), a supplier of materials and furniture accessories, held by the Gavan family, will be opening a new store in capital Bucharest, on March 30, following an investment of EUR1.65 million.

Alpha Real Estate Services (ARES), the real estate arm of Greek Alpha Bank Group, has sold three iconic hotels in the heart of Bucharest to Zeus International Group, one of Europe’s fastest growing hotel management firms.

Dutch property management group MVGM, which acquired JLL’s European property management business in ten European countries, said Monday it was adding NorthLight Residence in Bucharest to its management portfolio.

The volume of deposits per capita stands at more than RON24,000 in Bucharest-Ilfov, while the lowest volume is in Giurgiu County, RON2,160, 11 times less than in Bucharest, ZF has calculated from Romania’s central bank and National Statistics Institute data.

Korean Mumuso brand now has four stores in Romania after having opened a new one in the Park Lake mall in Bucharest. Its other stores are in Auchan Militari, DN1 Value Center and Dambovita Mall, its corporate website says.

MedLife (M.RO), the leader of the private medical services market in Romania, said Friday it has completed the acquisition of the Veridia Medical Center in Bucharest, known as Basarab Medical Center.

Prima Development Group, a real estate developer based in Oradea, announced Thursday it has completed Boemia Apartments in Bucharest, a boutique-style residential project, following an investment of EUR8.5 million.

The demand for office spaces in Bucharest will increase by 20-30 percent this year, given that a significant part of the major tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultants. During 2020, the transactional volume decreased by 40%, up to 237,000 square meters, […]

Austrian furniture and home decor retailer XXXLutz has leased 6,000 square meters of storage in the logistical park developed by WDP in Dragomiresti, northwest of Bucharest.

One United Properties and Bright Spaces are launching today an interactive digital showcasing and leasing platform for One Tower, the building developed and owned by One in Floreasca, Bucharest. Available spaces at One Tower can be visualized online, in a complete 3D environment, on  https://office.One.ro.    The platform was customized to meet One Tower’s specific […]

TDCX, a leading provider of business process outsourcing (BPO) services based in Singapore, is opening in Bucharest its first office in Central and Eastern Europe and the second in Europe, after launching operations in Spain two years ago.

Prima Development Group, a real estate developer based in Oradea, plans to finish the construction of 640 apartments in Bucharest and Oradea and expand its presence in Bucharest with three new projects, totaling over 2,500 housing units.

Skanska invests EUR 45M in the second building of the Equilibrium office project located in the northern part of Bucharest, Romania. The 12-storey building will comprise of a total leasable area of 19,900 sqm and 229 parking lots above and underground. By Romanita Oprea   „Equilibrium, located in one of the well-known business areas of […]

US-based Orion Innovation has entered into a definitive agreement to acquire Romanian software producer Tellence Technologies and will establish a research and development center in Bucharest, the company announced Monday.