Pitesti | Romania Feed

Real estate developer Mitiska REIM has obtained a loan of EUR19 million from Erste Group Bank AG to finance its newest retail park in Pitesti, with BCR acting as security agent.

Orange Romania, the leader of the local telecom market, has announced the expansion of its 5G+ network to the town of Pitesti.

Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, has opened its third KFC restaurant in the town of Pitesti, within the Arges Mall shopping center, following an investment worth over EUR0.5 million.

Prime Kapital, a real estate developer and investor in Central and Eastern Europe, will open Arges Mall on April 25, the largest and most modern shopping center in Pitesti.

Retailer La Cocos, controlled by entrepreneur Iulian Nica, is opening its fifth store in Pitesti, in the space where a PIC hypermarket operated previously.

Drug store chain Tei, one of the most dynamic on Romania’s market, founded by entrepreneur Roxana Maftei, continues to expand outside Bucharest and has opened a new store together with Bebe Tei in Pitesti, according to the company’s officials.

Accor, one of the largest hotel chains in the world, will open a new ibis Styles Hotel in Pitesti, the group said. The hotel chain signed a franchising agreement with HR Eden 2007, which runs the Arges Hotel in Pitesti, which will be refurbished and rebranded as ibis Styles.

MedLife (M.RO) has added another hospital to its portfolio after completing the acquisition of Muntenia Hospital in Pitesti, Arges County, from SIF Muntenia(SIF4.RO).

Stay Fit Gym, the second largest chain of gyms in Romania by the number of fitness centers opened, on Wednesday announced the full takeover of two fitness centers held by Gym District in the town of Pitesti.

Scandinavian furniture and home décor retailer JYSK is continuing its expansion in Romania by opening a new store, in the town of Pitesti, reaching a 101-unit network in Romania after 14 years of activity locally.

Logistics developer Element Group, founded by Ionut Dumitrescu, announced Monday it has acquired a 2.7-hectare land near Pitesti, in close proximity to the A1 highway.

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.