ARTICLES LABELLED WITH TAG Romania

Romanian company Rock Development has started the construction of the second phase of Avrig Park Residence in Bucharest with an investment budget of €23 million. 

One United Properties has announced the acquisition of three historical buildings in Bucharest with the purpose of restoring and transforming them into a new development of the company - One Downtown.

Pedro Construct, one of the largest construction companies in Romania, led by businessman Petre Niculae, is developing - together with his associate Florin Ababe - a new residential assembly in the north of the capital, Jolie Village. The investment in the project is estimated at €21 million and for €12 million, the company has obtained financing through Libra Bank.

Retailer Profi has signed an extension of its lease agreement for 52,000 sqm of warehouse space in the Logicor Ploiești logistics park. 

Around 130,000 sqm of new modern offices could be delivered this year, with a total of roughly 360,000 sqm possible for the 2022-2024 period, though the 2024 calendar could be postponed, according to real estate consultancy Colliers. 

Romanian entrepreneur Ovidiu Budeanu has signed a franchise agreement with French hotel group Accor for the opening of a new 4-star Mercure Hotel in Bacău.

Romanian property holding Meta Estate Trust has signed a partnership with Rock Development Holding for a new property development in Poiana Brașov. 

Iulius Company opened the second Family Market project in the Bucium neighbourhood of Iași. The convenience retail project caters to necessary everyday services and products in the residential area in the residential area which has seen steady development in recent years. A McDonald’s Drive Thru, Auchan supermarket, Sinsay, and another 23 local and national entrepreneurs provide a customised mix of products and services resulting from community consulting.

JLL Romania advised Euroest Car, a company specialising in the import and distribution of original car parts, in leasing 9,500 sqm in CTPark Bucharest Chitila, a Class A industrial park owned by CTP Romania in the northwest of Bucharest.

Globalworth has achieved the Access4you certification for its entire portfolio of almost half a million square meters consisting of 16 office buildings in Romania, becoming the first landlord to hold accessibility certification for wheelchair users, the elderly, people with limited mobility, and people with strollers. Colliers, the only Access4you partner for Romania, conducted the audits and completed the audit reports for Globalworth's entire building portfolio.