Nhood Services backs Romanian Spartan restaurant chain’s global expansion

Nhood Services Romania has been selected to support the international expansion of the Romanian restaurant chain, Spartan. This partnership will facilitate the opening of new Spartan restaurants in Spain and the brand’s entry into the Polish market. Known for its modern take on Greek cuisine, Spartan operates in the Quick Service Restaurant (QSR) segment, offering an innovative alternative to traditional fast food, with 70 locations in Romania and one restaurant already established in Castellon, Spain.

Nhood has been appointed as a consultant for Spartan’s franchise expansion into Spain and Poland. The collaboration involves key activities critical to the brand’s long-term success in these new markets, including identifying and selecting franchise partners as well as finding the best locations for future Spartan restaurants. While Spain and Poland have distinct culinary traditions and specific market behaviors in the Food & Beverage sector, the QSR segment, in which Spartan operates, is experiencing growth, offering the Romanian brand a promising opportunity.

“The launch of our collaboration with Spartan marks an important milestone in diversifying our services, demonstrating Nhood’s ability to be a reliable partner for local brands in their international expansion efforts. We are excited to offer Spartan our full support, from finding local partners to selecting prime locations for their new restaurants, contributing to their success in Spain and Poland. Projects like this highlight Nhood’s development strategy, providing integrated solutions for ambitious brands ready to expand internationally,” stated Gabriela Piștalu, Head of Property & Asset Services at Nhood Services Romania.

“This collaboration is strategically significant for Nhood as it represents our first international expansion project for a brand via franchising, executed simultaneously in multiple countries. This partnership allows us to leverage our extensive real estate expertise and showcase our ability to manage complex projects across diverse European markets. At the same time, it confirms Nhood’s capacity to adapt its services to meet the specific needs of our clients, offering unified but tailored solutions based on our deep understanding of the local markets we operate in. Supporting brands in their international growth and helping them find the best solutions for sustainable development is a key priority for Nhood,” stated Bogdan Aldea, Head of Business Development at Nhood Services Romania.

Nhood Services Romania Partners with CIJ Awards Romania 2024

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

Nhood Services Romania is a dynamic real estate services company specializing in community engagement, mixed-use project operations and commercialization, asset management, and the development of sustainable projects. Acting on behalf of asset owners, it offers a comprehensive range of services from retail and residential to office spaces and community hubs, with the goal of transforming existing spaces into vibrant, livable places that foster a strong sense of community and enhance quality of life.

Nhood operates across three main business lines: Property & Asset Services (P.A.S.), Resources & Fund Investment (R.F.I.), and Development (DEV), each contributing to our mission to deliver real estate solutions with a positive social, environmental, and economic impact. The company is part of the Ceetrus and Nodi ecosystem, recognized for its impact within the European real estate and retail sectors.

Nhood Services Romania manages 25 mandates for retail and office spaces (including leasing), one business park – Coresi Business Campus, one residential project – Coresi AvantGarden, 21 retail site mandates across the country – Coresi Shopping Resort and Auchan Shopping Centers, and collaborates with over 15 clients, including Ceetrus and Auchan.

Additionally, it manages Romania’s largest urban regeneration project, Cartier Coresi, an emblematic project in Brașov that respects the past, enhances the present, and builds for the future.

Nhood brings together the expertise and real estate knowledge of over 1,000 professionals from 11 countries to regenerate and transform an initially managed portfolio of nearly 300 shopping centers across Europe, with a potential for 30,000 housing units within 40 real estate projects. The assets under Nhood’s management are valued at over 8 billion euros.

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

The French group Hermès has entered Romania

The French group Hermès, the manufacturer of Birkin bags, which are sold at a price of over USD 10,000 a piece, has opened its company in Romania through which it will operate its first store on the local market.

The company is headquartered in the America House building in the Victoria Square area.

In Central and Eastern Europe, Hermes is only present in Warsaw and Prague, with Bucharest being the 3rd city in the region that they choose.
Although the information has not been officially confirmed, the new Hermès store will be opened in the Romanian Athenaeum area, one of the most prestigious and emblematic areas in Bucharest, according to the market sources.

Source: Profit.ro

Angst puts up for sale several commercial spaces following insolvency

Creditors of Angst, one of the oldest meat producers in Romania, in insolvency since April of this year, have approved the auction of five commercial spaces worth EUR 3.6 million, announced Infinexa, the company’s judicial administrator.

“The General Meeting of Angst creditors approved the sale of four commercial spaces in Bucharest and one in Ilfov, with a total market value of EUR 3.6 million. The highest market value was assigned to the store at 60 Ion Brezoianu Street – EUR 1.4 million. The one at 1 Colentina Road was valued at EUR 1.2 million, the commercial space at 350 Pantelimon Road at EUR 274,000, and the one at 50 Regina Elisabeta Blvd. at EUR 549,000. The space at 43 Bucharest-Târgovişte Road has an estimated market value of EUR 154,600,” the court administrator said in a statement.

The assets will be realized individually, through public auctions, with an increasing price, starting from the value approved by creditors, respectively the market value of the assets realized.

MEDCITY begins work on the first dedicated medical hub in Timisoara

MEDCITY announces the start of work on the first medical hub in Timisoara. MEDCITY’s objective is to transform a commercial building into a reference ecosystem in the healthcare sector, which will facilitate access to medical services offered by operators in the field.

The building will have a leasable area of approximately 1,100 sqm, distributed over four floors, and will be dedicated exclusively to medical services and related activities. The investment in this project amounts to 7 million euros, which consists of the reconversion of the building and the provision of state-of-the-art equipment. Currently, 40% of the MEDCITY Timișoara project is already rented, with the building set to be inaugurated in spring 2025.

“MEDCITY Timișoara will be more than just a medical facility; it will function as a collaborative space, where top medical service providers will come together under one roof to provide high-quality care to the local community. We are eager to inaugurate this medical destination of excellence, which we are convinced will become a point of reference for the entire community,” stated Alexandros Diamantis, Managing Director of MEDCITY.

Source: economica.net

P3 Logistic Parks to exit Romania

Real estate developer CTP and investment fund Lion’s Head Investments have entered into co-exclusive negotiations with P3 to acquire the P3 Bucharest A1 logistics park, according to market sources. The deal is expected to exceed EUR 270 million.

In Romania, P3 owns P3 Bucharest A1, which has an area of 380,000 square meters and access to the A1 highway. It includes 14 warehouses and a plot of land that allows for the construction of another 100,000 square meters of logistics space. The park also has accommodation for workers, with a capacity of 252 beds, and a restaurant for 200 people. In P3’s accounting, the park is valued at around EUR 252 million and generates annual rental income of around EUR 23 million from clients such as Carrefour, Emag, Altex, Gebrüder Weiss, Interbrands, Elit and Agricover.

P3 has received offers from 4 players interested in acquiring the park in western Bucharest, and has now entered into co-exclusive talks with two of them, with the plan to choose a buyer by the end of this year. The transaction has the potential to become the most expensive sale ever recorded in the industrial sector of the local real estate market.

Source: Profit.ro

One United Properties contracts development financing for One Technology District

One United Properties announces a financing facility for the development of One Technology District, the largest semiconductor chip R&D centre in Southeastern Europe currently being developed for Infineon Technologies for a period of 15 years, starting in 2026.

The financing includes a loan to be used for the construction of the development in the amount of EUR 28.5 million, which will be increased to an investment loan of EUR 37.5 million once the building is completed. The company also received a EUR 4 million VAT line. The maturity of the credit is June 2033. The financing was brokered by Erste Group Bank AG acting as Agent, Original Lender and Hedge Counterparty, and Banca Comercială Română S.A., acting as VAT Lender, Security Agent and Account Bank.

”One Technology District, an office and research lab campus built to the highest standards of sustainability, is the kind of project that confirms the attractiveness of the local market for global players. It is developed based on cutting-edge sustainable principles that will allow the building to operate completely gas-free, thus positioning it among the most sustainable developments in Europe. One Technology District aims to be the largest semiconductor research and development centre in South-East Europe. This investment is a confirmation for the potential of the Romanian market and supports our strategy to focus on the development of fully leased and pre-leased green office projects”, said Andrei Diaconescu, co-CEO One United Properties.

Safety Approach Partners with CIJ Awards Romania 2024

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

APPROACH Group empowers businesses to operate safely, sustainably, and efficiently. Their subsidiaries, Safety Approach, 1st Outsourcing, and Site Safety, offer a comprehensive suite of HSE, HR, ESG and ISO services designed to mitigate risks, optimize operations, and ensure compliance.

APPROACH Group is your single point of contact for business process outsourcing needs. APPROACH Group provides a seamless and integrated approach to HSE, HR, ESG, and ISO services, ensuring consistency and efficiency across diverse operations.

As a trusted partner, APPROACH Group is committed to delivering high-quality services rooted in deep expertise and broad support, helping businesses access skilled talent, improve operational agility, and focus on their core activities.

APPROACH Group can simplify your business and drive growth!

Search Ads RO Partners with CIJ Awards Romania 2024

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

As a trusted digital marketing agency, Search Ads proudly partners with top real estate developers to bring their projects to life. With over a decade of expertise, Search Ads has built a proven record in online marketing that has facilitated the sale of more than 10,000 apartments, both in Bucharest and across Romania, as well as in international markets like Bulgaria, Spain, and the UAE.

Being a Google Premier Partner and a Meta Business Partner, Search Ads combines a deep understanding of the real estate market with cutting-edge digital strategies to maximize visibility and engagement for its clients.

Through advanced SEO tactics, targeted PPC campaigns, social media management, and content creation, the agency offers a comprehensive suite of services designed to boost brand recognition and drive qualified leads.

Their tailored approach enables them to meet the unique needs of each project, ensuring every campaign is optimized for results and aligned with the goals of the developer.

What sets Search Ads apart is their dedication to personalized service. This agency works closely with each client to develop a customized roadmap, ensuring every step aligns with the client’s vision and objectives. By integrating creative storytelling with precision targeting, Search Ads helps real estate developers not only reach their audience but also build strong brand loyalty and achieve higher conversion rates. Through a proactive and transparent approach, they forge lasting partnerships that empower clients to achieve sustainable growth and expand their market presence.

Committed to excellence, Search Ads continually adapts to the latest industry trends and technologies to deliver exceptional outcomes for their clients.

Colliers: 2024 is shaping up to be another strong year for the industrial and logistics market

The first three quarters of 2024 saw positive developments in Romania’s industrial and logistics real estate sector. Total rental demand reached 520,000 square meters from January to September, marking an 8% decrease from the same period last year, according to Colliers data. This data includes only public rental transactions reported in the local real estate forum or publicly disclosed by companies through financial reports and press releases. Colliers consultants note that this trend aligns with recent patterns, showing strong transactional activity for out-of-town rental spaces, while demand for dedicated manufacturing spaces is capturing an increasing share of the total.

“There is a significant volume of direct transactions, primarily renegotiations but not exclusively, that are not publicly reported. As a result, the total leasing volume is likely much higher, contributing at least an estimated 30% to the overall transacted volume. After the first three quarters, we can confidently say that 2024 is shaping up to be a strong year. Over half a million square meters of industrial space have already been leased in Romania, and several large deals expected in the final months could bring the total for the year to a solid result of at least 700,000 – 800,000 square meters”, says Victor Coșconel, Partner | Head of Leasing | Office & Industrial Agencies at Colliers.

More than 42% of the space leased between January and September 2024 was in warehousing areas around Bucharest. However, this percentage has decreased significantly from 2018-2020 levels, when 60% to 70% of leasing activity was concentrated near the capital. Colliers experts note that this shift is a natural trend, driven by a variety of factors supporting this evolution.

“The development of infrastructure in regions of the country that previously faced challenges has increased developer interest in these areas. Additionally, factors such as labor availability, competitive costs, and the nationwide expansion of retailers are driving rental demand beyond Bucharest. This doesn’t mean interest in the capital will vanish; rather, it will likely decrease, following trends similar to those observed in Poland”, explains Victor Coșconel.

According to Colliers data, the stock of industrial space in Poland’s capital has grown 2.8 times since 2010, reaching nearly 6.6 million square meters by mid-2024. However, Warsaw’s share of the national industrial space has decreased over this period, dropping from over 40% to below 20%. Currently, Bucharest accounts for just under half of Romania’s total industrial space stock, which stands at 7.5 million square meters.

By sector, data from the first nine months of the year indicate that the consumer sector continues to drive the largest share of leasing activity, either directly or indirectly, through 3PL logistics companies working with retailers. Colliers consultants note, however, a significant increase in manufacturing activity, which accounted for about 33% of total leased space from January to September 2024—well above the pre-pandemic level of 10-15%. This trend is also supported by increased investment in the Romanian economy. According to data from the National Institute of Statistics and Eurostat, gross fixed capital formation is near all-time highs in real terms, Colliers experts underline.

“In 2018-2019, our reports estimated that the stock of industrial space could reach 7-8 million square meters by 2030. At that time, the stock was below 4 million square meters, and the market was growing at a relatively slow pace. Since then, we have already reached that threshold, and the target of 10 million square meters by the end of the decade is looking increasingly realistic. If we manage to avoid a challenging global economic scenario or a major escalation in geopolitical tensions, the completion of highways currently under construction could further accelerate this growth, following the Polish model. Poland has expanded its industrial space stock more than fivefold since 2010, surpassing 33 million square meters this year”, concludes Victor Coșconel, Partner | Head of Leasing | Office & Industrial Agencies at Colliers.

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