Ikea starts construction on second Romanian store

29
Nov
2017
News - Ikea starts construction on second Romanian store #Bucharest #development #Ikea #retail #Romania

by Import Sys | Retail

Ikea has started the construction of its second store in Romania, which will be finished in H2 2018 following an investment of approximately €86 million, which includes the acquisition of the land.


The store will be located in Eastern Bucharest and will cover 37,000 square meters. It will have 1,300 parking places and charging stations for electric cars. The store will also host a restaurant with 550 places and a greenhouse of 800 sqm, alongside an Ikea Café.
 
“We aim to grow from 3 to 13 stores by 2025 in the Southeastern European region, comprising Romania, Croatia, Slovenia and Serbia, and nine of these stores will be in Romania,” said Stefan Vanoverbeke, Country Retail Manager of Ikea SEE. The company aims to open new stores in Timisoara, Brasov and Cluj, but the start of the construction depends on permitting and infrastructure.



Latest news


New leases

  • Teva Pharmaceuticals has relocated its offices to Budapest-based Corvin Skypark. The deal covering 653 sqm was brokered by iO Partners.
  • Nowy Styl, a European leader in office furniture solutions, has signed a lease extension at the Oxygen Park office complex. The tenant occupies approximately 550 sqm within the project.
  • iLogic, an official distributor of Delphi Tools, has leased 3,400 sqm of modern space at MLP Wrocław. This transaction completes the commercialisation of the 66,000 sqm warehouse complex. BNP Paribas Real Estate Poland supported the tenant during the negotiation and lease agreement process.

New appointments

  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.


Latest news

News - How is agentic AI turning into real estate’s new operating advantage
01
Apr
2026

How is agentic AI turning into real estate’s new operating advantage

by Property Forum
Real estate leaders are pivoting toward agentic AI, which moves beyond simple chatbots. These systems combine autonomy, planning, and memory to execute proactive, goal-driven tasks with appropriate approvals and logging, according to a report by McKinsey & Company.
Read more >
News - NEPI Rockcastle looks beyond CEE for next phase of growth
01
Apr
2026

NEPI Rockcastle looks beyond CEE for next phase of growth

by Ákos Budai
NEPI Rockcastle is refining its structure, strengthening its growth engines and exploring opportunities beyond its core CEE markets, while maintaining a strong focus on asset quality and active management. In an exclusive interview with Property Forum, we talk to incoming CEO Marek Noetzel and incoming CIO Anca Nacu as they officially step intro their new roles today.
Read more >
News - NEPI Rockcastle introduces new senior leadership team
01
Apr
2026

NEPI Rockcastle introduces new senior leadership team

by Property Forum
Marek Noetzel, who officially takes the helm as the new CEO of NEPI Rockcastle today, has completed the formation of the company’s Executive Committee with Anca Nacu appointed Chief Investment Officer and Justyna Bartosz promoted to Group Leasing Director. Marius Barbu’s appointment as Chief Operating Officer and his nomination as a Board Director were announced at the end of last year. These appointments represent internal promotions, and NEPI Rockcastle’s entire senior leadership team now consists of experienced Group employees who have largely built their careers within Europe’s third-largest listed retail real estate company by portfolio value.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy