Saint Roastery opens a new location in Business Garden Bucharest

Vastint Romania announces its new partnership with Saint Roastery, which will open its first urban café in the garden of Business Garden Bucharest.

“We look for unique spaces where we can reinvent the moment and the experience of enjoying a coffee. We are delighted to have found such a place at Business Garden Bucharest, where we escape the city’s noise and create our first café in the middle of an urban garden. The name says it all: Saint Roastery Botanica. This will be our next story.” stated Ionuț Croitoru, Founder of Saint Roastery. “We will craft the next space outside of home and office—a green oasis where you can spend quality time with colleagues, business partners, family, or friends while enjoying Saint Roastery’s delicious coffee, far from the urban hustle,” added Simona Croitoru, co-Founder Saint Roastery.

“It is a true joy to see how the Business Garden Bucharest community continues to grow with innovative partners like Saint Roastery. Our urban garden offers a unique setting where moments shared with family and friends over a great cup of coffee can turn into memorable experiences, free from the city’s noise,” stated Sorin Macoveiu, Commercial Director Vastint Romania.

The grand opening of Saint Roastery Botanica is planned for spring 2025. The lease transaction was facilitated by CBRE Romania.

“As a strong advocate for local businesses, I am thrilled to have facilitated this partnership. Saint Roastery embodies the spirit of entrepreneurial passion and community-building, making them an exceptional addition to Business Garden. The centrally located pavilion, with its unique design and surrounding green spaces, is perfectly suited to their vision of creating an inviting and vibrant atmosphere. This collaboration promises to deliver a remarkable experience for specialty coffee enthusiasts and the wider community,” said Ileana Mitrache, Senior Consultant A&T Office, CBRE Romania

Romanian Football Federation expands Buftea National Football Center hotel

The Romanian Football Federation (FRF) is expanding the hotel within the Buftea National Football Center, where the national Under 21 team and other national junior and junior teams are training. In addition to the existing accommodation facility and restaurant, a training room and a sports recovery area will be added.

Within the Buftea National Football Center there is a hotel intended for accommodation of football teams that come to the training camp at the sports base, with a capacity of 66 accommodation places, a restaurant, a sports medical office and a meeting room.

The Federation plans to expand the hotel with a multifunctional room upstairs, for training/fitness/schooling, and a sports recovery area on the ground floor. The investment in this project was estimated by the design firm at RON 3.5 million.

Source: Profit.ro

Florin Tanase and Florin Vulturar start the development of Noura Residence

Football player Florin Tanase, currently playing for FCSB, and FIFA agent Florin Vulturar, started the construction of Noura Residence project, located in the northern part of Bucharest. SVN Romania is the real estate consultant and exclusive broker of the project.

Noura Residence will comprise 128 apartments in four buildings with six floors each. The project is among the most advanced on the local residential market, thanks to the use of an innovative heat pump system, through which all residents will benefit from thermal energy at very low costs.

”Noura Residence is the first step on the real estate market as an investor. We chose one of the most sought-after areas by buyers, especially by those who work in the northern areas of Bucharest, and we entered in a partnership with SVN Romania, which is the largest seller of new homes in the country. We combined the positive elements present in other projects to create the ideal product for buyers who want to live in a premium apartment, with top finishes, located in a green area, at a short distance from all points of interests in northern Bucharest,” stated Florin Tanase, the developer of Noura Residence.

The projects is located in Pipera area, near the headquarters of multinational companies such as Mercedes-Benz, Bergenbier, Michelin or TotalSoft. The project will be constructed in one phase, with delivery being estimated for the end of 2026.

”The project that Florin Tanase is developing is well designed, innovative and attractive for buyers, and our experience of over 30,000 new homes traded leads us to believe that it will be a successful project. We will be along side the investor at every stage of the project development, until the delivery of the last apartment. The south of Pipera area is becoming a true residential hub of the city, mainly due to the very easy access to the major business centres in the Pipera and Aviatiei areas, but also due to the good connections to numerous top private education institutions, commercial areas of A3 Highway,” commented Victor Vremera, COO and Managing Partner SVN Romania, the real estate consultant of the project.

Colliers: Transactions of almost EUR 650 million in the first three quarters of 2024

The Romanian real estate investment market closed the first three quarters of 2024 with transactions totalling almost EUR 650 million, a threefold increase compared to the same period last year. According to Colliers’ Q1-Q3 CEE Investment Scene report, transaction activity was mainly driven by industrial and retail assets. At a regional level, investment volume grew by around 24% year-on-year, with Romania recording the strongest performance among the six largest economies in Central and Eastern Europe (CEE-6): Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia. Colliers consultants predict that the real estate market outlook remains solid, driven by rising transaction volumes, price stabilisation and capital inflows, suggesting improved conditions through to the second half of 2025, barring any major global disruptions.

“Regional investment increased by 24% year-on-year, but remains 37% below 2022 levels. A broader recovery is expected by 2025, subject to economic stabilisation, inflation control and interest rate trends. Romania had the strongest percentage growth of investment volumes in the region by far in the analyzed period and we expect sustained future interest in our market also next year, not least because of the attractive investment yields offered compared to most other CEE markets”, explains Robert Miklo, Director of CEE Investment Services at Colliers.

In Romania, industrial and retail assets dominated transaction activity for the second year in a row, marking a significant shift from previous years when office assets were the main focus. Across the CEE region, the industrial and logistics as well as office sectors each accounted for 29% of transaction volume in the first nine months of 2024, followed by retail at 26% and residential at 12%. Bucharest offers some of the highest investment yields in the region, with prime assets yielding 7.5% for industrial and office and 7.25% for retail.

“The outlook for real estate in the CEE region remains positive, although it is not immune to external influences and macroeconomic factors that may affect markets and industries, particularly with regard to major trading partners. Economic growth in CEE, especially in contrast to the recession in Germany, together with price stabilisation and the return of institutional capital, signals more favourable conditions until 2026. Transactions are currently focused on value-add and opportunistic strategies, particularly in sectors where prices have adjusted. However, significant price differentials remain, particularly in logistics. Looking ahead to 2025, optimism is cautious, driven by price stabilisation and expectations of interest rate cuts by the European Central Bank, which could stimulate market activity”, concludes Silviu Pop, Director of CEE & Romania Research at Colliers.

Given current market conditions, Colliers experts estimate that regional transaction volumes could exceed EUR 10 billion in 2025.

Annabella opens new store in former Jysk location in Titu

Local retail chain Annabella has opened a new store in Dâmbovița County. The store is located in the town of Titu, in place of the Jysk store and in the vicinity of the German retailer Lidl.

”Super happy with the opening of the new Annabella store in Titu (in the former Jysk location), consolidating on Nicolae Grigorescu Street 50, together with our neighbors Lidl and KiK – an important shopping hub for the community. This expansion marks a significant step for Annabella near the end of this year and I thank all my colleagues who contributed to this success!”, announced Octavian Constantin Doru, the network’s expansion director, on his LinkedIn page.

On August 1, the local network inaugurated its second retail park in Romania, in Râmnicu Vâlcea, and in June 2023, Annabella opened its first Retail Park, in the city of Horezu.

Busch Group expands its presence in Romania

The Busch Group, which includes Busch Vacuuum Romania, Composites Busch Romania and Pfeiffer Vacuum Romania, has decided to strengthen its presence on the local market through new investments in the Nervia Industrial Park in Apahida, Cluj County.

At the beginning of December, Pfeiffer Vacuum Romania inaugurated an extension of the production building by approximately 12,000 square meters. Parts made of state-of-the-art composite materials will be produced in this space.

“This new unit will give us the capacity and opportunity to expand our presence on the market in a competitive and qualitative way,” said Ahmet Muderris, CEO of Composites Busch.

Montenegro opens EUR 3.2 mln tender for Tara bridge construction

Montenegro has opened a EUR 3.2 million tender for the revamp of the Mojkovac-Vragodo road section in the country’s north that includes the construction of a bridge on the Tara river, the according to the government’s transport administration.

The section is part of the Mojkovac-Lubnice road. The bridge will be built close to the village of Podbisce, south of Mojkovac, the transport administration said in a tender notice.

The bidding deadline expires on January 14, the statement read. The required construction works should be completed within 14 to 24 months.

Leroy Merlin leases 8,800 sqm at CTPark Bucharest West

CTP announces that Leroy Merlin Romania, one of the leading players in the DIY market, has leased 8,800 sqm within CTPark Bucharest West, strengthening its logistics operations in one of Europe’s most significant industrial hubs.

Ionuț Anghel, Regional Development Manager CTP Romania, said: “We are delighted to support Leroy Merlin’s expansion to CTPark Bucharest West, the largest industrial park in Europe. This collaboration highlights our commitment to providing top-tier spaces and solutions for leading companies like Leroy Merlin, seeking to optimize their operations and expand their presence in Romania. CTPark Bucharest West is more than just an industrial park – it’s a place where businesses thrive thanks to the facilities and community we have built here”.

Ionut Vasile, Supply Chain Leader at Leroy Merlin Romania, said: “We have decided to expand our logistics operations at CTPark Bucharest West primarily for strategic reasons. The demand for Leroy Merlin products in Romania is on the rise, and customers’ growing preference for diversity and quality at competitive prices is increasingly evident. Therefore, we need a suitable space that can accommodate both current and future volumes. Specifically, this expansion will help us optimize fulfilment processes for our kitchen and sanitary product ranges and allow us to prepare in advance for the gardening season—an area that has been exceptionally well-received this year and is projected to achieve similar success in 2025”.

With approximately 857,000 sqm of existing space and a planned total of nearly 1.5 million leasable square meters, CTPark Bucharest West is the largest industrial park in Europe. Strategically located on the A1 motorway, just a few kilometres from Bucharest, the park offers excellent access to a growing population and international markets through swift connections to the Port of Constanța on the Black Sea.

Cushman & Wakefield advised Leroy Merlin on this lease agreement.

Flanco invested RON 5.5 million in remodeling, rebranding and new stores

The electroIT retailer Flanco will reach 16 stores remodeled and rebranded as Flanco Smart Discounter by the end of this year, exceeding the objective announced in the first part of the year. The company also opened a unit in Ploiești, and the investments in remodeling amounted to RON 5.5 million.

The new store in Ploiești is located in the Prahova Value Centre shopping complex. With the opening of the new store in Ploiești, the retailer reaches 13 Flanco Smart Discounter stores. By the end of the year, it has three more openings planned, in Târgu-Frumos, Codlea and Huși, these cities adding to the other eight where the new brand identity is already visible: Bucharest, Ploiești, Pitești, Constanța, Brașov, Suceava, Focșani, Râmnicu-Vâlcea.

“Malls and large shopping centers remain the main focus for expanding our network. This year we aimed to redevelop, in accordance with the new identity, important stores for our network, most of which are located in large shopping centers. At the same time, we continue to enter small towns, where customers need our products and advice,” says Ovidiu Nicușan, Flanco Marketing Director.

Source: economica.net

Forte Partners postpones sale of Adobe headquarters

Real estate developer Forte Partners is postponing the decision to put the U Center 2 office building, the new headquarters of the American giant Adobe, up for sale, and is focusing on preparing the third phase of the project in the Bucharest Tineretului area.

The investor completed the second phase of the U Center project a year ago and recently finalized the full lease of the office building, conditions it had to meet in order to decide to put the building up for sale.

“We have not put the building up for sale and we will not do so for a while. We are waiting to see which direction interest rates and prices will take it. The tenants have moved in, but we are not putting it up for sale yet. We will put it up for sale at the right time. For now, we are holding on to it. We will also do U Center 3 and then we will see. Work on U Center 3, which will be offices with residential, will probably begin in the middle of next year. For now, we are in the authorization process,” said Geo Mărgescu, CEO of Forte Partners.