The local retail chain Annabella opened its first store in Brașov County, thus marking the end of 2024.

“Expanding to this beautiful region is another important step in Annabella’s mission to be closer to every community. We celebrate on this occasion not only a new location, but also the end of a year 2024 full of achievements”, said Octavian-Constantin Olaru, Executive Director Annabella Retail.

In June 2023, Annabella opened its first Retail Park, in the city of Horezu. On August 1, the local chain inaugurated its second retail park in Romania, in Râmnicu Vâlcea, this being the largest shopping center in the city.

Businessmen Dan Pascariu, Adrian Tofan and Matthew Proskine are preparing the documents for the construction of a Penny supermarket on a piece of land of the former 38 hectares land in Popești-Leordeni, purchased from the former tire manufacturer Danubiana.

The land is in the process of urbanization and is prepared for the construction of a multifunctional residential complex that could include between 8,000 and 10,000 apartments. In the meantime, they have dismantled a piece of almost 6,000 square meters of this land and are now preparing the construction of a Penny supermarket with a useful area of ​​​​1,259 square meters and a meat and cheese store of 131 square meters on this lot.

The land is valued at EUR 38.6 million. If sold at this price, it will become one of the largest land transactions in recent years, along with the transaction of the former IMGB industrial platform in southern Bucharest.

Source: Profit.ro

K2 Retail Properties has completed the development of the commercial gallery in Râșnov, Brașov County, fully leased to international retailers. The company plans to open 22 more retail projects.

K2 Retail Properties also announced the acquisition of eight food and non-food retail galleries in Zărnești, Huși, Moreni, Motru, Oravița, Orăștie, Titu and Vălenii de Munte.

During 2024, another 14 similar retail projects were started by K2 Retail Properties.

The total investment in the 23 retail parks, completed or in various stages of construction, will amount to EUR 180 million (EUR 36 million). Upon completion, they will total approximately 40,000 sqm.

Premier Restaurants Romania, the operator of the McDonald’s restaurant chain in Romania, announces the opening of a new restaurant in Râmnicu Vâlcea. The Drive-Thru restaurant is the third in the city and, at the same time, the seventh McDonald’s restaurant opened in Romania this year.

The value of the investments for the new restaurant amounts to approximately RON 12.5 million.

Recently, McDonald’s closed one of the oldest restaurants in Romania, namely the unit near Cișmigiu Park, in the capital.
McDonald’s owns 106 restaurants in 33 cities, of which 59 restaurants with McDrive and 68 McCafé cafes. The company has a team of over 6,000 employees.

The British group M Core has signed for the acquisition of seven strip malls from MAS Real Estate for EUR 49 million. Thus, just one year after taking over the 25 retail parks managed by Mitiska REIM for EUR 219 million, M Core continues its expansion.

In the transaction, consultants from iO Partners advised M Core, and those from C&W Echinox advised MAS Real Estate.

The transaction targeted retail parks in Focsani, Slobozia, Râmnicu Sărat, Sebeş, Târgu Secuiesc, Făgăraş and Gheorgheni, with a total of 27,000 sqm of rentable area. The most expensive of these was Focsani, for which the British paid EUR 13.1 million, also having the highest rent of 14.88 euros/sqm/month.