Meta Estate Trust refinances investment in Swissôtel in Poiana Brașov

Meta Estate Trust announces the EUR 1 million finance from Patria Bank intended to refinance 60% of the investment made in the Swissôtel Poiana Brașov project.

The investment in the Swissôtel project, made in 2023, represented Meta Estate Trust’s debut in the hotel market. The company currently owns 4 apartments and 5 parking spaces in the Poiana Brașov project, properties that are operated by Swiss Management Company. The financing in the amount of EUR 939,057 was provided by Patria Bank for a period of 120 months.

The bank financing obtained by Meta Estate Trust comes after the company announced at the end of 2023 that the developer of the Neagoe Basarab project in Poiana Braşov, in which the company invested EUR 1.5 million, had entered into a partnership with the Accor group, one of the largest hotel groups in the world, for the opening of the Swissôtel hotel starting in 2024. The Swissôtel hotel in Poiana Braşov has been open since October this year and is operating at full capacity.

Inevo SRL expands its logistics operations at CTPark Bucharest South

Inevo, the operator of the BabyNeeds.ro brand, an online store renowned for its wide range of children’s products, has chosen CTPark Bucharest South as the site for its operational activities. Inevo has leased 1,800 square meters of warehouse and office space to support its continued growth both in the Romanian market and internationally.

Cristina Manea, Business Developer at CTP Romania, stated: “In a dynamic market like Bucharest, CTPark Bucharest South offers a strategic location for companies operating in the southern part of the Capital and its surroundings. With quick access to the A1 and A2 highways and the A0 ring road, this industrial park is an ideal location for distribution and production operations. We are delighted that a leading brand in its niche, such as BabyNeeds.ro, has chosen us to expand its logistics activities.”

Paul Mihalache, CEO BabyNeeds.ro, commented: “Expanding our logistics operations within CTPark Bucharest South allows us to strengthen our market position and respond more efficiently to our customers’ needs. Our diverse range of products—from premium strollers and car seats to educational toys and children’s furniture—now benefits from an improved logistics chain that ensures fast deliveries and consistent stock levels. This move reflects our commitment to providing families in Romania with access to high-quality products supported by excellent services.”

Currently, CTPark Bucharest South features a leasable area of 85,000 sqm, with over 20,000 sqm immediately available for rent, providing flexibility and fast solutions for companies in need of modern logistics spaces. Units available for lease start at 4,000 sqm.

REI Grup attracts over 70% non-reimbursable funding for a EUR 1.5 mln in hotel in Campulung

An investment of more than EUR 1.5 million in the first hotel with 4-star standards and facilities and the first greenfield project in the last 50 years in the hotel sector was realized in Campulung Muscel, where the Imperial Hotel was recently inaugurated.

The total value of the investment amounted to RON 7.788.593,26, of which 70% represents European funds, was successfully attracted by the REI Grup team, through the Regional Operational Program 2014-2020, Priority Axis 2, managed by the Agency for Regional Development South-Muntenia.

“Hotel Imperial is the first major hotel investment in our city in the last 50 years. Construction started 5 years ago and the hotel was opened in early December. We are happy to have completed the works, while the good cooperation with the REI team helped us to successfully obtain the grant,” said Marilena Dumitrache, manager of Hotel Imperial stated.

R.Power has started the construction of its first photovoltaic park in Romania

R.Power SA, a Polish photovoltaic project developer and independent power producer, announced that it has launched the construction of its first photovoltaic park in Romania.

R.Power plans to build four solar parks with a combined capacity of over 23 MWp. The plants will be installed in the communes of Şalpu, Suseni, Punghina and Dudeşti and are scheduled to be put into operation in the last quarter of 2025 and the first quarter of 2026.

The projects will be built by the Polish company Nomad Electric and the Romanian company Waldervar.

“This first portfolio represents a key step in our expansion strategy within this fast-growing market,” said Przemek Pieta, CEO of R.Power.

Source: economica.net

Apartments prices rose by 10% on average in 2024

The year 2024 brought a significant increase in prices on the Romanian real estate market, with apartments for sale being, on average, 10% more expensive than in 2023, according to the annual report by Storia. Romanians’ preferences changed in 2024, with three-room apartments becoming the most sought-after (51%) compared to two-room apartments, which were preferred in 2023.

Thus, the average price of a new apartment reached EUR 1,840/sqm, an increase of 10% compared to 2023. Also, old apartments recorded an average value of EUR 1,661 /sqm, which represents an increase of 11% compared to last year.

Regarding the dynamics of transactions, Bucharest was the city where properties were sold the fastest.

“In 2024, buyer interest shifted to three-room apartments, which became the most sought-after, compared to two-room apartments, which were preferred in 2023. We also noted a significant increase in buyer engagement, reflected in the increased number of contacts compared to the previous year,” said Monica Dudău, Senior Marketing Manager at Storia & OLX Imobiliare.

Source: economica.net

NEPI Rockcastle acquires new photovoltaic project

NEPI Rockcastle is finalizing the acquisition of a new photovoltaic park project, after the one recently purchased from the Monsson group. The company’s plan is to reach photovoltaic parks with a capacity large enough to cover the energy consumption of the 27 malls it has in Romania by 2026.

The investor recently completed the full takeover of the company developing a photovoltaic park project from the Monsson group. The project, already authorized, is designed for an installed power of 50 MW, on a site in the Chișineu-Criș area of Arad county.

By the end of this year, NEPI Rockcastle representatives announced that they will finalize a transaction to acquire a new photovoltaic park project, also already authorized, to be built next year. Although they could not reveal the location of the new project, company representatives mentioned that it will not be in the west of the country, in order to have adequate geographical coverage.

Source: Profit.ro

Auchan opens two new Simply stores

The Simply by Auchan convenience store network reaches the threshold of 10 units opened in the first six months of its launch, with the most recent stores being inaugurated in Pitești and Buzău. The 10 convenience stores operate in both urban and rural areas, and next year the company aims to expand this concept to as many localities as possible.

Most entrepreneurs who operate a Simply by Auchan store today are owners of proximity stores who have chosen to develop their businesses by switching to the Simply by Auchan franchise.

“Expanding the franchise store network is one of our main development objectives for 2025, through which we aim to bring the Auchan difference as close as possible to every Romanian. We welcome the local partners who have chosen to be part of the Auchan community, both experienced specialists in trade and entrepreneurs at the beginning of their journey, we thank them for their trust and assure them that they can count on Auchan for a long-term collaboration based on professionalism, innovation and continuous support,” says Ioana Toșa, Auchan Romania Sales Director.

Supernova opens retail park in Bosnia’s Grude

Austrian privately-owned real estate company Supernova has opened a retail park in Bosnia and Herzegovina’s Grude. Supernova has built the shopping centre in partnership with the local company Viro BH.

The project has a coffee shop, a modern children’s playroom and a large Namex market. There are also well-known brands such as dm and Pepco. The shopping center will also house a post office and a pharmacy. Jysk and Sinsey brand stores will start operating at the beginning of next year. In addition to this shopping center, other facilities will be built at this location.

“This is a large plot of 47 thousand square meters, of which about 15 thousand is the center, along with parking and communications around it. Everything else is intended for residential and public buildings. One residential building has started construction, the other will start very soon,” said Mladen Alpeza, director of the Viro BH company.

Bellemonde and Hype Project, pioneer a groundbreaking collaboration in Romania

Bellemonde and Hype Project, the premium architecture and interior design studio founded by architect Victor Grosu, announce a groundbreaking collaboration for the Romanian market. Clients will have the opportunity to acquire ready-made, turnkey homes featuring bespoke designs. Additionally, Hype Project will design the Society Hub, the core of the Bellemonde community, incorporating top-tier amenities that enhance the value of time spent at home with exceptional design.

Located in Pipera, Bellemonde residential development is designed to offer a complete living experience, featuring expansive common areas and a low housing density. The complex harmoniously blends community living with the intimacy and comfort of low-rise residences (maximum P+2). With a variety of options, from individual houses, duplexes, and townhouses to villas with 2-, 3-, and 4-bedroom apartments, the project caters to those seeking privacy as well as those who appreciate urban convenience.

„Bellemonde stands as a promise of a contemporary lifestyle, emphasizing the importance of interior design as an essential element of modern living. We have chosen to collaborate with Hype Project, a renowned interior design studio that shares our values regarding living spaces and refinement. Their extensive experience in premium design, implementation know-how, and deep understanding of the needs of our target clientele, were decisive factors in our choice.
We support local design and firmly believe that this collaboration will add significant value for future Bellemonde residents, offering them homes that combine modern aesthetics with exceptional functionality.
This strategic partnership between a local developer and an interior design studio is a unique initiative in Romania, with the potential to redefine quality standards and positively influence the real estate market. Together, we aim to create homes that combine top-tier design with functionality and long-term value.”, explains Victor Terheș, Sales Director of Bellemonde.

The premium architecture and interior design studio Hype Project, founded by Victor Grosu and Adrian Ianculescu, will develop three distinct design concepts. The “ready to move” solutions signed by Hype Project will include three collections: three types of interior designs specially developed for the Bellemonde project, aligned with the project’s philosophy, target clientele, and current international trends in premium living. The option to choose a ready-made design concept is entirely optional. As well, clients can choose to purchase a home built with the standard Bellemonde finishes or a fully furnished residence designed by Hype Project.

Lidl inaugurates two new stores in Romania

Lidl continues its investments locally by opening two new stores in Vladimirescu commune and Râmnicu Vâlcea. The Lidl store in Vladimirescu commune, Arad county, has a sales area of over 1,400 square meters and has 118 parking spaces. The Lidl store inaugurated in Râmnicu Vâlcea municipality, Vâlcea county, has a sales area of over 1,300 square meters and has 96 parking spaces.

With the inauguration of these stores, over 50 new jobs were created.

Lidl currently operates over 12,350 stores and over 225 logistics centers and warehouses in 31 countries. Currently, Lidl has approximately 376,000 employees, of which over 12,000 are in Romania, where the German retailer has over 350 stores and 6 logistics centers.

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