Bucharest | Romania Feed

Retele Electrice Romania, part of the PPC group in Romania, is developing the electricity distribution infrastructure in capital city Bucharest, with ongoing projects worth approximately RON70 million to increase the transmission capacity of high-voltage networks, while increasing the network’s resilience.

Romanian developer HILS Development, held by entrepreneur Ionut Negoita, has announced the complete sale of the HILS Brauner residential complex located in eastern Bucharest, in the Theodor Pallady - Victor Brauner area.

German IT security company IGEL has announced a several million investment in Romania over the next 24 months destined to the opening of a new R&D excellence center in Bucharest.

One United Properties, one of Bucharest’s most dynamic real estate developers, has started works for the construction of two private education units and continues investments in road infrastructure of the city’s district 2, with the total value of projects amounting to EUR27 million.

Corinthia hotel chain has officially inaugurated the Corinthia Grand Hotel du Boulevard in Bucharest and has also announced the appointment of Todd Cilano to the position of Managing Director.

A retail space built on Lipscani Street in Bucharest’s Old Town, whose previous two tenants failed, has now found a new one: a Compas bookstore.

The Spring: Farmacia la pret mic (Low-price pharmacy) brand, part of the Fildas-Catena group, which dominates Romania’s pharmaceutical market, is expanding in Bucharest, and there are currently 14 such pharmacies in the capital city and one in Craiova.

Froo Romania Retail, a company part of Polish group Zabka, has opened a new Froo store in office building America House of Bucharest, with the network now having over 120 units in 3 cities.

Smartown Group has completed the sale of Dionisie Lupu office building in downtown Bucharest, one of the most valuable properties in its local portfolio, in a deal closed at a yield of 8.2%, which reflects investors’ appetite for prime properties in Bucharest in the current market.

Swiss-held Bell Food Group is selling the Eisberg salad factory in Bucharest to the Polish Green Factory group, in order to focus on Western markets – Germany, Austria, and its home market, Switzerland. The local factory is part of a regional deal involving production facilities in three countries – Romania, Poland, and Hungary. The buyer is the same for all of them – Green Factory.

Spain’s Olala! Group, which is already present in Romania via Rina Hotels, is investing more than EUR5 million to buy two hotels in downtown Bucharest, Hotel Duke Romana and Hotel Duke Armeneasca.

Biofarm, one of the leading pharmaceutical producers in Romania, which has two plants in Bucharest, plans to invest in retooling its first facility and develop a new research and development center, which will create new products. The investment budget stands at RON47 million in 2025.

The average asking price for an old three-room apartment in Bucharest built between 1978 and 1990 rose to EUR123,077 in May, according to the ZF Real Estate Index compiled with partnership with SVN Romania. The price was 1.5% or nearly EUR2,000 higher than in April and 14.6% or EUR15,769 higher than in May 2024.

Developers plan to bring around 32,000 new apartments on Bucharest housing market by end-2028.

Banca Transilvania has lent EUR20 million to real estate developer STC Partners for the development of Bucharest’s housing compound Quartier Ferdinand, a total investment of above EUR35 million, due to be completed in the fourth quarter of 2026.

IKEA is opening the first Plan and Order Point in Bucharest, in the Orhideea area, a year after launching the format in Constanta.

Global law firm Dentons has announced the promotions of four lawyers in Bucharest to counsel, namely Sandra Constantin, Stefi Ionescu, Luiza Onofrei and Cosmin Roman.

Bucharest hotel market had a solid performance in 2023, further recouping the declines suffered during the pandemic in terms of RevPAR and occupancy rate, while the daily average tariff exceeded the threshold of EUR100/room, according to real estate consultancy Cushman & Wakefield Echinox.

US restaurant chain Popeyes will open a new unit in May in Bucharest, in shopping center Mega Mall, and will reach seven units in the capital city.

Home sales in the first quarter of 2025 dropped by 5.4% in Bucharest, while Ilfov county saw a 2.4% increase against the year-earlier period, reveals an analysis conducted by real estate consultancy SVN.