Bucharest | Romania Feed

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.

Bucharest’s 4-star hotel Capital Plaza, owned by four Romanian entrepreneurs, ended 2023 with turnover worth almost EUR3 million, from EUR2.5 million in 2022, and expects a 5-7% increase this year, according to its officials.

Pastry shop chain LUCA is expanding with a new location right in the center of Bucharest, on the ground floor of the Unirea Shopping Center in Piata Unirii. The new shop will open by the end of January.

The Ares Group, which specializes in interventional cardiology, and Brain Hospital, which specializes in neurosurgery, have bought the cardiovascular surgery hospital Monza near the National Arena stadium in Bucharest from Policlinico di Monza. The amount was not disclosed.

HILS Development, the real estate development company of Ionut Negoita, brother of Bucharest’s Sector 3 mayor, has started an urban regeneration project in the Republica area of the city, on the former industrial site Faur-Republica, where it is building a 5,000-apartment complex.

Lithuanian-held Spark, a provider of electric car-sharing service via a mobile app, which started operations in Romania in 2019, has expanded its service coverage to four new areas in Bucharest – Promenada, AFI Cotroceni, Unirea Shopping Center and Cosmopolis residential complex, its officials said in a release.

Turkey’s Jimmy Key, with an over 30-year experience in womenswear, will open its second store of Romania on December 8 in Bucharest’s AFI Cotroceni shopping center developed by AFI Europe.

Autonom group, founded by brothers Marius and Dan Stefan, has launched a new ride hailing service on Bucharest market, called Blue, in the wake of a EUR5 million total investment.

One United Properties (ONE.RO), the leading investor and real estate developer of sustainable residential, mixed-use and office projects in Romania, has concluded a partnership with Armani/Casa, the world leader in luxury furnishings, which targets the creation of a unique interior design concept at the One Lake Club project in capital city Bucharest.

Hyatt, a leading global hospitality company is prospecting the Romanian market as part of its strategic expansion plans in Eastern Europe. The group is seeking to make its entry into the local market by opening an upper-scale hotel in Bucharest, featuring around 200 rooms.

Affidea Romania, the largest player on the medical imaging, outpatient and treatment services market, has acquired the Biomed Scan medical centers in capital city Bucharest.

Akcent Development, part of Romanian entrepreneurial group Alfa Group, set up by Alin Niculae, has started building 723 apartments in Bucharest’s Bucurestii Noi area, close to Jiului underground station.

Bucharest, Brasov and Arad will get new hotels under international brands as of 2024. The local market will add more than 580 rooms in such hotels from various brands.

Bucharest has significantly decreased its share in the number of new homes delivered in the last three years, while secondary areas such as Ilfov region have increased theirs, amid administrative gridlock and uncertainty in the urban development climate, say representatives of BREC - Bucharest Real-Estate Club - an association of the largest real estate developers on the local market.