Zalakerámia to move production from Hungary to Romania

Zalakerámia, a Hungarian interior design company, controlled by the Austrian group Lasselsberger, is considering moving some production facilities from Hungary to Romania, very possibly to Cluj, after a series of difficulties that appeared as early as May of last year, when it carried out a collective dismissal.

“There are several factors behind the company’s crisis. On the one hand, the measures instituted by the government that affect the producers of construction materials. This includes the extension of the additional mining tax and the new architectural law, which gives the state the right to pre-purchase building materials construction for sale. On the other hand, the attractiveness of the Romanian market. In Romania, the building and construction materials trade industry is flourishing, so that Lasselsberger can bring production closer to demand,” said the company.

The Austrian group Lasselsberger is preparing the construction of a factory in Cluj, the total value of the investment being calculated at RON 823 million, of which non-refundable financing requested from the Romanian state of RON 133.2 million.

Source: Profit.ro

The former Liberty Mall becomes “Jumbo Center”

The Greek retailer of toys and home goods, Jumbo, is going to open a new store in Liberty Mall in Sector 5 of the Capital, which will be renamed “Jumbo Center”. With the opening approaching, the facade of the shopping center has already been modified.

The store will be located on the second floor of the mall, where reconstruction work is underway. The conversion of the space includes new partitions and the arrangement of an extended space for employees and storage. The store is scheduled to open on October 25th, with a possible grand opening on October 24th.

Romania is the biggest market for Jumbo, outside of Greece, already having 16 stores, even in smaller cities like Timișoara and Ploiesti.

Croatia’s Ivicom Consulting to build 40 MW wind farm in Bosnia

Croatian-based Ivicom Consulting, a unit of Austria’s Ivicom, has obtained a concession for the construction of a wind park with a capacity of up to 40 MW in the Una-Sana Canton in Bosnia.

The UNA wind farm will be built in Bihac municipality and will consist of 8 wind turbines, each with a capacity of 5 MW, accordcing to the ministry. The project’s total cost is around some EUR 25.6 million.

In January the government of the Una-Sana Canton issued a public call to grant a 30 year concession for the wind park project. Now the winner of the tender will be expected to research, design, construct, equip, use and maintain several wind turbines.

Carrefour completes the network integration of the former Cora Lujerului store in Bucharest

Carrefour announces the completion of the integration process of the former Cora Lujerului hypermarket, in the context of the acquisition of the Cora store chain by the French retailer.

“The Lujer hypermarket is fully integrated into the Carrefour universe, marking the remodeling of the store according to our standards, as a result of the integration of Cora operations into the Carrefour universe. Lujerului is an area of strategic importance, with demographic density, and we are pleased to strengthen our presence in the western area of the city,” says Crinu Aldea, Cora Integration Project Director, Carrefour Romania.

Following the integration, the hypermarket network of Carrefour Romania reaches 58 units at the national level. Located within the Supernova shopping center, the Lujerului hypermarket has a sales area of 7,656 square meters.

Avon opens a new store in the ParkLake shopping center in Bucharest

The American giant of cosmetics, perfumes and jewelry Avon International, opens a new franchise store in Romania, in the Park Lake shopping center, in the capital, after last month it opened such a store in Shopping City Ploiești.

In August, Avon opened its first franchise stores in the local market. The first brand store in Romania, which operates in a franchise system, was opened in the AFI Cotroceni shopping center, being of the island type.

Avon has been present on the Romanian market for 25 years and competes on the local market with the French manufacturer L’Oreal, the German company Beiersdorf, which also owns the Nivea brand, and Farmec Cluj-Napoca, the largest cosmetics manufacturer with Romanian capital.

Source: Profit.ro

Amesa Residence is expanding into the residential sector in the south of Bucharest

The Sedaa family and Bogdan Popescu, in partnership with Lidia Stîngă, plan to expand into the residential sector in the south of Bucharest with two new projects, totaling 530 apartments that will be developed under the new real estate brand Amesa Residence.

Amesa Residence built 4 small projects in Sector 4, with a total of 223 apartments. Now, the group of investors bought a plot of almost 5,000 square meters on Berceni Road, no. 84, and another one of about 10,000 square meters on Drumul Jilavei, on which they want to develop new residential complexes.

The project on Berceni 84 will have a total of 166 apartments built, and the one on Drumul Jilavei has a total of 364 apartments.

The developer estimates the investment in Amesa Residence Berceni 84 at around EUR 15 million, and in the one on Drumul Jilavei at around EUR 25 million.

Source: Profit.ro

The volume of construction works decreased in the first 8 months of 2024 by 3.1%

The volume of construction works decreased in the first 8 months of 2024 by 3.1%, while the residential buildings segment recorded the largest decrease, by 23.9%, while non-residential buildings had decreased by 2.3%. In the same period, engineering constructions increased by 6.3%, according to the National Institute of Statistics.

In August, the volume of construction works increased compared to July 2024, by 8.6%, an increase highlighted in new construction works (plus 10.5%) and in current maintenance and repair works (plus 9.1% ). On construction objects, there were increases in engineering construction works and non-residential buildings, by 12.5% and 5.8%, respectively. Residential buildings decreased by 0.2%.

Dr. Max leases nearly 12,000 square meters in ELI Park Iaşi

Dr. Max, one of the largest players in the local pharma market, has signed a lease agreement for 11,800 square meters in ELI Park Iaşi, a project in the ELI Parks portfolio.
The new facility covers a 10,500 square meter warehouse and 1,300 square meters of office space.

“The strategic location of ELI Park Iaşi, together with our commitment to provide premium infrastructure and services, ensures that Dr. Max Romania can thrive and achieve its goals without any problems,” say ELI Parks representatives.

“It was a complex process of evaluating space opportunities in a less developed market from a logistical point of view. Through excellent communication, joint efforts and careful analysis of the specifications, the ELI team and I managed to configure the optimal warehouse for the Dr Max company, which included all the requirements regarding height, types of docks, temperature range, as well as the option for future expansion,” said Rodica Tarcavu, Partner Industrial Agency Cushman & Wakefield Echinox.

Cluj-Napoca sets record for office space leases in 2024

Cluj-Napoca has set a new record in Romania’s office leasing market, securing 82% of the total office space leased nationwide in the first nine months of 2024. According to an analysis by Fortim Trusted Advisors, part of the BNP Paribas Real Estate Alliance, this marks a 153% increase compared to the total office space leased in the city during all of 2023.

The report also predicts that by the end of 2024, the total volume of leased office space in Cluj-Napoca could be three times higher than in 2023, a significant boost for the city’s commercial real estate sector.

The office market in Cluj-Napoca has seen substantial activity this year, with 22 of the 37 office transactions outside of Bucharest taking place in the city. Nationally, a total of 49,044 square meters of office space was leased outside the capital, with Cluj-Napoca alone accounting for 40,477 square meters of this total.

“There is a positive trend in the office market in Cluj-Napoca. This year, Cluj is in first place, far ahead of other cities,” said Nicolae Ciobanu, Managing Partner and Head of Advisory at Fortim Trusted Advisors. “The growth was robust in both new space leases and lease renewals, with a nearly equal split between moving and staying. Last year, Cluj was in third place behind Timișoara and Iași, but this year it has clearly taken the lead.”

Cluj-Napoca’s booming office market highlights its growing prominence as a business hub outside of Bucharest, positioning it as a key player in Romania’s real estate landscape.

Popeyes opens a new restaurant, in AFI Brașov

Popeyes continues its expansion in the country, opening the first restaurant in Brașov, which is the fifth city in Romania where Popeyes expands its presence, outside the capital.

The new restaurant was located in the food court area of the AFI Brașov shopping center. The expansion of Popeyes is part of a more ambitious plan of the company to expand in more cities in Romania.

“The opening of the fifth Popeyes restaurant outside Bucharest is part of an extensive development plan for the year 2024 in Romania, so we are focusing all our efforts on our new restaurant in Brașov,” said Jakub Aleksandrowicz, Popeyes Marketing Director Central and Eastern Europe.

Popeyes launched in Romania in 2022, with six restaurants in Bucharest. This year they took the second big step, namely the expansion outside the Capital, in Pitesti, Craiova, Buzău, Ploiești, now it’s Brașov’s turn.

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