Spanish group Hercesa prepares to demolish Farmavet warehouses

Spanish group Hercesa is preparing to demolish the former supply base of veterinary product distributor Farmavet, purchased from businessman Sorin Paul Stănescu. The company wants to start a first stage of the expansion of the Vivenda Residencias housing complex in a few months.

The Spanish investors bought the property this summer for EUR 1.85 million. It is located in the Morarilor area of Sector 2, right next to the former Titan bread factory, in its place where Hercesa has so far developed 1,000 apartments.

Source: Profit.ro

Techbolide moves headquarters to Business Garden Bucharest

Techbolide, the software and IoT technologies developer specializing in waste management and business process digitalization, has announced its relocation to the sustainable office complex Business Garden Bucharest.

“Moving into a modern office space marks an important step in our company’s rapid growth and development over the past years. We aim to continue expanding our business in a work environment that allows us to meet future challenges with agility and efficiency while staying true to our core values. Choosing a certified energy-efficient space that aligns with the same sustainability standards we apply in our projects emphasizes our vision of excellence and responsibility. A recent example of this is our involvement, alongside project leader Ax Perpetuum, in the large-scale initiative of digitalized ecological islands funded by the PNRR”, said Mădălina Smochină, CEO of Techbolide.

Techbolide was assisted in the lease transaction by 108 REAL ESTATE, a commercial real estate expert with extensive experience in Central and Eastern Europe.

“We are honoured to collaborate with Techbolide, a company that shares our values of sustainability and efficiency. Business Garden Bucharest was designed to provide a modern work environment certified for energy efficiency and minimal environmental impact, perfectly aligned with our partners’ vision,” stated Sorin Macoveiu, Commercial Manager at Vastint Romania, developer and administrator of the complex.

INVL Baltic Sea Growth Fund signs agreement to acquire the Pehart Group in Romania

INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, has signed an agreement to acquire shares in Pehart Group, a leading producer of household and industrial paper products in Romania and owner of the oldest paper factory in Romania with a 187-year tradition.

The transaction with Abris Capital Partners is expected to be completed in the first quarter of 2025, subject to obtaining the necessary regulatory approvals and fulfilling other conditions stipulated in the agreement.

”In continuing the development strategy of our company, we are looking forward to this new partnership with INVL Baltic Sea Growth Fund. Pehart Group, a Romanian brand with a lasting tradition and a history strongly linked to the beginning of consumer paper processing in Romania, had a remarkable evolution in the past years alongside a valued partner on this journey, and for that we thank Abris Capital Partners. We are ready to leverage the growth opportunities and enhance our market position together with our new partner. We will continue to focus on operational excellence, creating value for consumers and extending our position in the region. The confidence that INVL Baltic Sea Growth Fund has shown in our vision and potential is a testament to the value and performance of our team”, said Gabriel Stanciu, CEO Pehart Group.

“Partnership has always been central to our philosophy, and we’re thrilled at the prospect of collaborating with the Pehart Group’s management team. Upon successful completion of the transaction, Pehart Group will become the tenth portfolio investment of the INVL Baltic Sea Growth Fund, marking a significant milestone in completing the fund’s portfolio. The fund is committed to implementing strategies that drive operational excellence, create long-term value for all stakeholders and build industry leaders in the region. We are excited to support the management team in strengthening Pehart Group’s market leadership and driving its next phase of growth”, – said Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund.

REGINA MARIA relocates Policlinica Baneasa in Baneasa Airport Tower

REGINA MARIA continues to invest in improving the quality of services offered to patients and announces the relocation of the Policlinica Băneasa clinic to a new, modern and more spacious location, located in the Băneasa Airport Tower building, part of CPI Romania’s portfolio.

After more than 16 years of activity in a location that could no longer provide the current standards of innovation and development desired by patients, the new clinic provides them with state-of-the-art equipment and an optimized space for an extended range of consultations and investigations. Following an investment of EUR 5 million, this relocation underlines REGINA MARIA’s commitment to the quality of medical care and its vision to ensure that patients have access to the most advanced medical services and specialties, provided by the best doctors in the northern part of Bucharest.

Policlinica Băneasa in the Băneasa Airport Tower building will have 38 consultation rooms, in which more than 100 doctors will work, the space being designed to accommodate up to 25 medical specialties.

The Băneasa Airport Tower building has a leasable area of 7,000 square meters, divided into nine levels: two underground, ground floor, plus six floors above ground. By being located close to Băneasa Airport, the building offers quick access to DN1 and Henri Coandă International Airport. In 2021, the building underwent an extensive modernization process that enabled full DEKRA and Acces4You certification.

“The old space no longer meets the demands of our subscribers and patients. The relocation of Policlinica Băneasa means for us a natural and mandatory upgrade in terms of quality. The new space provides easier access in one of our longest-established locations and a number of benefits, such as: new specialties, advanced technologies and integrated medical services, all provided by a dedicated team of specialists”, says Fady Chreih, CEO REGINA MARIA.

“We are pleased that REGINA MARIA, the leader in quality health care in Romania, has chosen our building, which offers the right infrastructure for the delivery of medical services in the best conditions. This confirms a trend that CPI Romania has been anticipating since the pandemic: bringing healthcare closer to the people. We have therefore invested in transforming our projects into multifunctional spaces, and today our tenant portfolio includes clinics and hospitals”, says Fulga Dinu, Country Manager CPI România.

As part of the diversification of services, Policlinica Băneasa will include a special set of tests and investigations for obtaining international visas, such as those for the United States. For the convenience of patients, the clinic has parking spaces located in front of the building, facilitating quick access to services.

Scandinavians from JYSK open new store in Beius

The Scandinavian furniture and home products retailer opened a new store in Beiuș. The company thus reaches 144 units in Romania. The new store in Beiuș has a total area of 1095 square meters.

“The first JYSK store in Romania was opened 17 years ago in Oradea. The JYSK story in Romania therefore began in Bihor County. We are happy that we are now adding another locality in the county to the list of cities where we are present and that we will be closer to customers in Beiuș and nearby localities. The expansion process is very important for JYSK, we believe in proximity to the customer and we believe it is important to have stores in both large cities and small and medium-sized towns,” says Iraida Paiuc, Sales and Marketing Manager JYSK Romania and Bulgaria

Popeyes opens its first restaurant in Constanta

The fast-food restaurant chain Popeyes will open its first unit in Constanta this month, this being the sixth city in Romania where Popeyes is expanding its presence, outside the Capital, after Pitești, Craiova, Buzău, Ploiești and Brașov. The opening will take place in the food-court area of the City Park Mall Constanta shopping center.

Popeyes has 4,700 restaurants worldwide and 12 in Romania. Popeyes entered Romania in 2022 in Bucharest, where it opened six restaurants in turn.

“The opening of the sixth Popeyes restaurant outside Bucharest is part of a broad development plan for 2024 in Romania, so we are focusing all our efforts on our new restaurant in Constanta. We are convinced that the residents here will appreciate the unique flavors of Louisiana chicken, as has already happened in Bucharest, Pitești, Craiova, Buzău, Ploiești and Brașov,” said Jakub Aleksandrowicz, Marketing Director Popeyes Central and Eastern Europe.

Praktiker Real Estate Romania acquires the Muntenia Business Center office building

Praktiker Real Estate Romania has successfully completed the acquisition of Muntenia Business Center, the office building located on Splaiul Unirii, No. 16, with a total area of 9,750 sq m. The transaction value amounted to approximately EUR 8 million.

The property was acquired from Voluthema Property Developer, a company owned by Longshield Investment Group, known for its involvement in the development of landmark projects in the real estate sector.

The real estate company Crosspoint Real Estate, a partner in Romania of Savills International, exclusively assisted Voluthema Property Developer in the sale process of the Muntenia Business Center office building.

Dedeman opens new store, investment of approximately EUR 15 million

The DIY retailer Dedeman, owned by Dragoș and Adrian Pavăl, has opened its new store in Pașcani, the third in Iași County and the 63rd nationwide. Located on a plot of land with an area of over 48,000 square meters, the new store involved a total investment of approximately EUR 15 million. This amount includes the purchase price of the land, the costs of construction works, the development of commercial areas, offices and a generous parking lot with 364 spaces, as well as the purchase of equipment and product stocks.

The store in Pașcani is the second opened this year, after the one in Arad. The Dedeman network has 63 stores spread across all counties of the country, except Teleorman and Giurgiu. The DIY network also benefits from 5 logistics centers, its own car park and has over 13,000 employees.

Source: Profit.ro

OLX Expands its office space in America House by 717 sqm

America House announces the extension of its lease agreement with OLX and an increase in office space of 43%, reaching a total area of 1,663 sqm.

“We are pleased to announce the expansion of our office space in the America House building. Over the past 8+ years in this building, our team members have appreciated the excellent location, the available facilities, and the improvements made to the building by the America House management team.” said Andrei Dumuta, General Manager OLX Motors Romania

“We’re grateful for the trust our tenants place in us and proud to support their expansion. After the refurbishment, we’re always looking to add new amenities and benefits for our tenant’s employees, like the new guest’s management system in the building APP, to discounts at the World Class gym, the ground-floor restaurants, cafes and other services, and a free bike rental system, exclusive for our tenants,” said David Hay, founder and CEO of ADD Value Management SRL.

America House has a total area of 28,806 sqm of Class A office and prime retail spaces, distributed across 8 above-ground floors, with 368 parking spaces located on 3 underground parking levels.

LPP Logistics expands distribution center in Romania

Polish group LPP has expanded the group’s first external distribution center, opened at the beginning of the year in CTPark Bucharest West, by another 42,000 square meters. After the expansion is completed, the center has reached an area of 91,000 square meters, allowing the shipment of up to 6 million items per week.

The expansion is part of the company’s strategy to increase the storage space managed by LPP Logistics to 700,000 square meters by the end of 2025. The company plans to spend EUR 105 million over two years to achieve this goal.

Polish group LPP has been present on the local market since 2007 and owns a network of over 200 stores in Romania under five brands: Reserved, Cropp, Mohito, House and Sinsay.

Source: Profit.ro

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