Bucharest | Romania Feed

Romanian real estate developer One United Properties (ONE.RO), currently running an IPO in view of capital market listing, has bought a 21,160 sqm plot of land in the proximity of Lake Tei in Bucharest for EUR15 million.

Sanador, the fourth largest private medical services operator in Romania by turnover, has opened a new clinic, on the groundfloor of the One Tower office building in Bucharest’s Calea Floreasca area, which engulfed EUR6 million.

More than 10,000 employees or 10% of the total employees in Bucharest work in the IT&C sector, ZF has calculated from national Statistics Institute data. In Cluj, 9% of the employees work in the IT sector and in Iasi almost 8%.

Biopharmaceutical company Bristol Myers Squibb Romania has signed a five-year lease extension for its 1,200 square meters of office space in Austrian office developer CA Immo's Europe House, located in the central business district of Bucharest.

Italian chocolate producer and confectionery company Ferrero is extending its office space rented in the Globalworth Tower building in Bucharest starting September.

Vegan restaurant operator Samsara Foodhouse, based in Cluj-Napoca, has inaugurated its first restaurant in capital city Bucharest, on the ground floor of mixed-use project ONE Floresca City.

Amazon Web Services, Amazon’s cloud computing division, has opened its first office in Bucharest, part of its strategy to expand across Central and Eastern Europe.

The group that owns the Radisson Blu hotel in capital city Bucharest seeks to invest EUR24 million to increase the number of rooms to over 600 and to refurbish the hotel lobby and the indoor garden. Thus, over 200 new rooms will be built.

River Development has sold The Light One office building in western Bucharest to UNIQA Real Estate, the real estate arm of Austria's UNIQA Insurance Group.

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.