Bucharest Veranda Mall becomes pet friendly

More and more people choose to spend quality time with their pets and include them in their daily activities, so Veranda Mall has opened its doors to pets, and all mall visitors are welcome to bring their furry friends. Pets have access to most public areas, provided that owners follow a few essential suggestions and rules for a successful visit.

Parklake was the first mall in the Capital to allow access to all dogs, along with Hornbach and Afi Cotroceni. However, the Afi Cotroceni shopping center only allows access to small dogs that do not exceed 15 kg and 50 cm.

Prime Batteries Technology to complete expansion of Cernica factory

Prime Batteries Technology, which has developed a battery factory in Cernica, near Bucharest, announces that it is very close to completing the investment that will increase production capacity to 2,000 MWh per year. The next expansion phase aims for a capacity of 6,000 MWh per year.

“This ambitious project, located near Bucharest, is progressing rapidly. From an initial vision to a nearly complete facility, the Gigafactory represents a significant step forward in energy storage, offering a capacity of 2 GWh that will provide sustainable energy solutions for both industrial and residential use,” Prime Batteries Technology said.

“Now entering the final phase before completion, the factory will be equipped with innovative assembly lines, precision testing systems and high-capacity management units. Each advancement marks a step towards providing efficient, reliable and scalable energy storage options, reaffirming PRIME Batteries’ dedication to a sustainable future,” the company added.

“The factory is 98% ready, the equipment has arrived, in November we will finish assembling it. We are starting production this year. We are starting production, not at full capacity, because every factory has a rhythm until it gets there. The official inauguration will be somewhere in April-May,” said one of the founders of Prime Batteries, Adrian Polec.

Source: economica.net

Romania: Apartments continue to become more expensive

The average prices of apartments for sale – old and new – registered a 14% increase in October compared to the same month last year. In terms of contacts, the data show that in October this year there were 53% more interactions between sellers and buyers, compared to October last year.

“October brought a historic record of contacts on our platform – an important indicator of the high interest in both apartments, houses and commercial spaces. This increased level of interactions between sellers and buyers reflects the trust and dynamism of the market, and we will continue to support these connections and at the same time transparency in real estate transactions,” said Monica Dudău, Senior Marketing Manager Storia & OLX Imobiliare.

In Bucharest, in October 2024 the average price for the sale of new and old apartments was 1,910 euros/square meter, 16% higher than October 2023. Old apartments are, on average, 17% more expensive than the same month last year, with a price of EUR 1,987 /square meter. New apartments are found at an average asking price of EUR 1,803/ square meter and are 11% more expensive than the same month last year.

Thus, in October 2024, the average price of a studio apartment (40sqm) in Bucharest was EUR 76,398, the average price of a two-room apartment (55sqm) is EUR 105,048, and the price of a three-room apartment (75sqm) is EUR 143,247.

Ionuț Negoiță plans EUR 150 million project near the A3 highway

Businessman Ionuț Negoiță plans to start construction of a new mega-residential project in Pipera in the spring, for which about 2,000 apartments are planned.
“We want to expand. We hope to obtain the building permit for the Pipera project in the spring. Next to the Domus Confort Residence project that we built in Voluntari, between the highway and the lake, we still had land and we bought it.

For 7-8 years we have been working on compactions and the Zonal Urban Plan. Now we have about 10 hectares. We want to build apartment blocks, around 2,000 housing units, in stages. In the spring we plan to start with a first phase with 700-800 apartments, the development cost of which is estimated at EUR 50-60 million,” said Ionuț Negoiță.

The Negoiță family developed the Domus Confort Residence residential complex between 2005 and 2007, consisting of 320 villas and 80 apartments.

Source: Profit.ro

Coral Companies Partners with CIJ Awards Romania 2024

CIJ EUROPE is proud to announce Coral Companies as a partner of the CIJ Awards Romania 2024, that will take place on December 4th at the Radisson Blu in Bucharest.

As one of Romania’s top facility management companies, Coral Companies manages over 3 million square meters across a diverse portfolio of properties, including office, industrial, logistics, residential and commercial assets. Known for its adaptability and impeccable customer-service, Coral brings customized solutions to clients. With a reputation as “The Confidence Icon,” Coral Companies exemplifies reliability, innovation, and a commitment to service quality.

Coral Companies has solidified its position in the facility management market for properties of all kinds.

CIJ Awards Romania 2024 is honored to partner with Coral Companies, celebrating Romania’s finest achievements in real estate. For more details, about the event, please check out our website: https://awards.cijeurope.com/cij-awards-romania

Imobiliare.ro Partners with CIJ Awards Romania 2024

CIJ EUROPE is proud to announce that Imobiliare.ro will be a partner of the prestigious CIJ Awards Romania 2024, set to take place on December 4th at the Radisson Blu in Bucharest.

Imobiliare.ro is the most trusted real estate platform in Romania, becoming a key destination for those interested in the real estate market. With the most real estate listings in major cities across the country and over 2,500 corporate clients—including real estate agencies, developers, banks, and appraisers—Imobiliare.ro brings together property sellers and buyers in a safe and transparent environment.

Over time, Imobiliare.ro has evolved into a vast ecosystem, offering innovative solutions for all market segments. Imobiliare.ro Market 360 provides a market intelligence platform for analyzing the real estate market, offering access to detailed data and reports that support informed decision-making. Additionally, Imobiliare.ro HUB supports the largest community of agents and developers, while Imobiliare.ro PRO, software dedicated to agencies, facilitates efficient ad management and portfolio administration.

Expanding its services in 2023, Imobiliare.ro integrated a credit brokerage service and launched Imobiliare.ro Finance, a platform offering financing solutions and ranking among the leading credit brokers in the local market. With a continuous focus on innovation and adapting to audience needs, Imobiliare.ro remains a trusted partner for professionals and consumers in Romania’s real estate sector.

The CIJ Awards Romania 2024 will recognize outstanding achievements across various categories, including residential, commercial, and mixed-use developments. This high-profile event will bring together leading professionals and highlight the latest trends and successes in the Romanian real estate market. For more details about the event, please check out our website: https://awards.cijeurope.com/cij-awards-romania/#about

Deliveries of new retail space could exceed 200,000 sqm in 2024

Deliveries of new retail projects could exceed the 200,000 sqm threshold this year, a level close to that recorded in 2023, when developers built 213,000 sqm of new retail space, a record in the last seven years, as shown by data from real estate consultancy Cushman & Wakefield Echinox.

In the first three quarters of 2024, 140,000 sqm of shopping centers and retail parks were completed nationwide. As a result of these deliveries, the modern retail stock in Romania reached 4.59 million sqm. The stock includes both shopping centers (55% of the spaces) and retail parks and shopping galleries (45%).

“The retail market is going through a very favorable moment, after having successfully overcome the difficult periods of recent years. The impressive growth of retail sales this year has remained well above the average recorded at the EU level, which encourages the development of new projects, but also the expansion of retail networks, whether we are talking about hypermarkets or supermarkets, or whether we are referring to fashion, DYI or other product segments,” says Dana Radoveneanu, Head of Retail Agency Cushman & Wakefield Echinox.

The development activity on the retail market will maintain its dynamism in the coming period, taking into account the consistent plans announced by the main developers in the short and long term, say the consultants from Cushman & Wakefield Echinox.

Thus, projects of over 800,000 leasable sqm are under construction or in various stages of authorization, whose delivery is scheduled in the next 5 years, including several super-regional shopping centers of over 100,000 sqm each.

WeMat Partners with CIJ Awards Romania 2024

CIJ EUROPE is proud to announce that WeMat will be a partner of the prestigious CIJ Awards Romania 2024, set to take place on December 4th at the Radisson Blu in Bucharest.

WeMat is a solution provider for complete fit-out services, with a presence in the construction market in Romania for almost two decades. People at WeMat strive for perfection in everything they do and aim to inspire customers and partners through innovation and operational excellence.

Standing for PASSION FOR EXCELLENCE AND IMPROVEMENT, WeMat is capable of supplying bespoke solutions and offering added services for construction and renovation projects, both locally and internationally. WeMat products are eco-friendly and manufactured with care for the environment in mind. WeMat is a solution provider for high-performing interiors. A wide range of products, rigorously selected, is available, including ceilings, lighting, acoustic elements, tech, and digital.

Insignis opens a designer furniture showroom at the Bucharest Business Park complex

Four companies that sell furniture have rented sales spaces on the ground floor of office buildings in the northern area of Bucharest, the total area exceeding 10,000 sqm. The last one opened is the new Insignis concept store, with an area of 673 sqm, which will exhibit and sell pieces of furniture from top brands in Europe. The lease transaction was assisted by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

“The demand for such spaces on the ground floor of office buildings, with street visibility, is increasing and we have fewer and fewer such locations, with areas of over 500 sqm, which lend themselves to a premium furniture showroom. In 2023 and 2024, furniture retailers competed for the ground floor of office buildings with proximity stores, such as Froo, Mega Image, restaurants, cafes, optical centers such as Lensa, travel agencies, bookstores or new perfumery brands such as My Geisha”, Nicolae Ciobanu Managing Partner – Head of Advisory at Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.

The Bucharest Business Park, chosen by Insignis, is in the northern part of Bucharest, close to the Bucharest – Ploiesti street, near the Press House. The office complex has a total of four buildings, with a total leasable area of 24,500 square meters, and its tenants include companies such as BAT and Heidelberg. Amenities include generous green spaces and the Stradale restaurant on the ground floor.

JYSK to open new stores by the end of the year

Scandinavian furniture and home products retailer JYSK will open 4 new stores in Romania by the end of the year, after 7 others launched since January. At the same time, JYSK is nearing the end of the modernization program of units built before 2018, one of the largest investments made by the company over the years.
Since January 1st, the company has opened stores in Borșa, Bistrița, Sinaia, Târgu Mureș, Buzău, Cluj and Bucharest, with another 20 stores being reconfigured to meet the new Store 3.0 concept.

The first of the next 4 stores will be located in Crevedia, near Bucharest, and will be launched on November 14, 2024, with a reopening of a store in Petroșani also scheduled.

“At the end of 2024, we will have four stores left that need to be modernized, where the renovation work is conditioned by factors beyond our control. Not all old stores are in a space suitable for the new concept, and when this happens we have to find solutions, such as expanding the store or moving to a more suitable space,” says Alex Bratu, country director for JYSK Romania and Bulgaria.