Bucharest | Romania Feed

In the last quarter of 2020, in Bucharest there were transactions of office spaces with a total area of ​​77,000 square meters, the highest quarterly value of the year, thus bringing the annual volume of transactions to approximately 237,000 meters squares, according to the real estate consulting company Cushman & Wakefield Echinox. Compared to the […]

XXXLutz, the second largest furniture retailer in the world, enters the Romanian market and opens, on February 3, 2021, 2 XXXL stores, in Bucharest’s Militari and Pallady areas.   The process is part of the expansion strategy of the Austrian group XXXLutz, which, in December 2019, took over all of the kika subsidiaries in Eastern […]

Bucharest’s hotel industry has been badly hurt by the crisis and one thing that shows it is the 17 for sale ads for hotels, according to real estate classifieds website imobiliare.ro, one of the largest such platforms in Romania.

Spanish real estate developer Gran Via Real Estate has bought a land plot near the Plumbuita Park in Bucharest, where it plans to build a residential project consisting of 90 apartments.

Logistics developer Element Industrial, owned by Ionut Dumitrescu and Muler Onofrei, is starting construction on a new logistics park - Eli Park 3 – of 72,000 square meters, in the Chitila-Buftea area near Bucharest, in an investment estimated at EUR37 million.

The Combinat (www.combinat.ro) microsite wants to contribute to the growing of the visibility and the audience of the Combinatul Fondului Plastic, through a series of editorial materials about its cultural entities, positioning it (29, Baiculesti) as one of Bucharest’s and Romania’s cultural destinations. By Romanita Oprea   The project starts January 2021, by the online […]

The largest Romanian owner of office space, Liviu Tudor, is consolidating his position in the west of Bucharest after buying the former mattress plant Victoria site from businessman Dragos Bilteanu, real estate market sources say.

Real estate consulting company CBRE has brokered the extension of the lease contract for a space of approximately 85,000 square meters occupied by Carrefour Group within the P3 Bucharest A1 industrial park located in western Bucharest.

Leading U.S. life insurer Massachusetts Mutual Life Insurance Company (MassMutual) today announced the opening of two MassMutual Global Business Service Center locations in Romania, located in Orhideea Towers in Bucharest and Record Park in Cluj-Napoca. Both sites are positioned in areas designed to attract local tech talent, adding to continued technology hiring by the company […]

Real estate consulting firm Cushman & Wakefield Echinox was appointed to provide property management services for the Floreasca Park office space project located in the Floreasca – Barbu Vacarescu area in northern Bucharest, the biggest business hub in capital Bucharest.

The British School of Bucharest announces that Mr. Philip Walters will be moving forward from the position of Headmaster at the end of this academic year. As Head of the Advisory Committee, Mr. Walters will continue to offer invaluable insights towards the continued development of the BSB community as they strive for continued success. With […]

The prices of old three-room apartments in Bucharest stagnated at EUR98,400 on average in December compared with November, after having gone up EUR100 the previous month, real estate consultant SVN Romania data show.

Coffee shop chain Ted’s Coffee, owned by Romanian entrepreneur Vasi Andreica, continues its investments and announces the opening of two new units, in Bucharest’s Tineretului neighborhood and within the Ana Tower building, near Romexpo, in Bucharest as well.

Romania's leading electronics retailer Altex announced the opening of a new store in Bucharest following an investment of EUR1 million.

One United Properties, a real estate developer controlled by Victor Capitanu and Andrei Diaconescu, said it took over the management for luxury residential project Rahmaninov Residence in capital Bucharest, from Dorin Mateiu, the former owner of cold cuts producer Elit Cugir.

Romanian company Tellence, which provides high-tech software and engineering services, is extending its collaboration with Redis Labs in order to establish a research and development (R&D) center in the field of cloud-based services, in capital city Bucharest.

Real estate developer HAGAG Development Europe, part of Hagag Group of Israel, on Thursday said it started construction works on its H Eliade 9 Residence luxury residential project located in the Primaverii area in capital city Bucharest.

Real estate consulting firm Cushman & Wakefield Echinox was appointed to provide property management services for the Tiriac Tower office building in Bucharest’s Victory Square, starting October.

The occupancy costs of office spaces represent on average 3% to 4% of the turnover of service companies in Bucharest, and may fall even below 2% in some cases, according to an analysis by real estate consultancy company Cushman & Wakefield Echinox.

Romanian sportswear retailer GRID, owned by entrepreneurs Popa and Nania Nicolae, has opened its first store in Bucharest, in Shopping City Baneasa.