Evo Properties reconverts the office buildings London and Oslo into a multifunctional hub

Evo Properties announces its first project: the reconversion of the Class A+ office buildings, London and Oslo, into a multifunctional hub. This new concept is dedicated to creating a vibrant space for offices, culture, hospitality, as well as medical and wellness services. This is just the first step in the evolution of River Tower Project into the new company – EVO Properties – a developer with a clear and ambitious vision for creating sustainable and interconnected communities.

The current functionality of the Class A buildings, London and Oslo – among the few in Bucharest with BREEAM Outstanding certification (scoring 90.3 percent in 2023) – represents the first step in the evolution of the River Tower Project towards EVO Properties. The developer aims to set new standards for the next generation of co-living spaces, designed specifically to meet the dynamic lifestyle of end-users, in a vibrant and collaborative ecosystem.

As part of the reconversion into a multifunctional hub, a significant investment of over EUR 10 million is required to accommodate new tenants and repurpose existing office spaces. A substantial portion of this investment, amounting to EUR 5 million, will be allocated within the next six months.

“Our vision for the London and Oslo buildings, as well as for future projects, developed under EVO Properties company, is to create spaces that go beyond traditional office environments. This is the first approach, already under process, to implement a multi-functional hub through the partial conversion of new, A+ class office buildings. We aim to create spaces where people can feel connected, productive, and inspired. Our efforts are focused on building strong communities, creating an inspiring work environment, and accomplishing a mix of functions that contributes to the success of our tenants’ businesses”, declares Adinel Tudor – CEO of EVO Properties.

By the end of 2025, the over 31,000 sqm of the London and Oslo buildings will be transformed into a multifunctional hub featuring a balanced mix of uses. Modern offices will occupy approximately 50-60 percent of the leasable area, while hospitality services and medical & wellness facilities will account for 20-25 percent and 10%-15 percent will be allocated to medical and well-being services. The remaining area is occupied by the Lumina Cultural Center, a pioneer in organizing theater performances in a space adapted from an office building, bringing art to the heart of the community. There are also spaces dedicated to various services that complement the experience of those who come to the office daily, including a café that is set to open in the coming months.

Info-logistics provider cargo-partner leases 7,800 sqm at CTPark Cluj

CTP announces the expansion of its partnership with cargo-partner, a full-range info-logistics provider, with the leasing of 7,800 sqm at CTPark Cluj. CTPark Cluj is located on the crossroads of the main western and north-south highways on the western edge of the booming university city of Cluj, in the heart of the Transylvanian region in Romania.

The newly leased warehouse at CTPark Cluj marks a significant milestone in the ongoing collaboration between the two companies, which began in 2015 with cargo-partner’s initial warehouse at CTPark Bucharest West.

This partnership has steadily expanded, now encompassing facilities at CTPark Timișoara Ghiroda and further extending into CTPark Cluj. Altogether, cargo-partner occupies a total of 28,000 sqm across CTP’s portfolio in Romania.

Andrei Bențea, Business Development Director CTP Romania, commented: “We value our extended partnership with cargo-partner and enjoy having them at multiple locations across Romania. At CTP, we are committed to supporting our clients’ expansion with advanced infrastructure, and CTPark Cluj is well-equipped to meet the diverse needs of modern logistics and manufacturing operations in the region. With our extensive network and a landbank of 3.8 million sqm across Romania, we offer our clients the flexibility to grow alongside us as their business evolves”.

Marriott’s brand Moxy will open second hotel in Serbia

Marriot International’s brand Moxy Hotels plans to open a second hotel in Serbia’s capital Belgrade by the end of 2025. The hotel will be located in Belgrade downtown, according to Moxy press release. Moxy opened its first hotel in Belgrade, situated in the central district of Vracar, in June 2023.

Moxy is expected to add 17 properties to its European portfolio by the end of 2025, it said.

Moxy operates 135 properties in over 25 countries. In Southeast Europe, Moxy also has a hotel in Romania.

“Moxy’s expansion into existing and new destinations, across Europe reflects the aspirations and expectations of the next generation traveller,” said Sandra Schulze-Potgieter, vice president, premium & select brands, Europe, Middle East and Africa at Marriott International.

“Our anticipated openings will stay true to the brand’s origins and focus on bringing a local design narrative in every public space, ensuring that every hotel feels ingrained in the local culture,” added Sandra.

CBRE expands ESG consulting services in partnership with Access4you

CBRE Romania concludes a partnership with the Hungarian company Access4you, specialized in certifying the accessibility of buildings, through which it will offer services for the auditing of buildings and recommendations regarding the inclusion of functional facilities in the design of the built environment, so that it becomes more accessible and inclusive for people with disabilities from Romania.

“Through the Access4you certification, we support clients to achieve their sustainability goals, integrating accessibility as a key element of social responsibility and sustainable development. This certification not only promotes inclusion, but also contributes to the creation of friendlier and more efficient built environments for all users,” says Nicole Sommer, Head of Business Development Î ESG & Sustainability Solutions, CBRE Romania.

More than 850,000 adult Romanians have a disability, approximately half of whom are still at an active age, under 66. Of these, only 11percent currently have salaried status, which only underlines the need for an individualized approach to furnishing, in office projects and traditional retail formats.

London Stock Exchange Group launches new office in Cluj-Napoca

London Stock Exchange Group, provider of financial infrastructure and data, has expanded its presence on the Romanian market and opened its second office, in Cluj-Napoca, after the technology and operations center in Bucharest.

“Cluj-Napoca is an important technology center in the region, with prestigious universities that annually train generations of valuable students. At the same time, local opportunities provide a favorable environment for experienced professionals and technology hubs. We have a consistent history of over 20 years here, and our commitment to strengthen our local presence is highlighted by the continuously expanding team and the modern spaces in which we work,” says Răzvan Preda, Site Lead, LSEG Cluj-Napoca.

The team from Cluj has 210 programmers, and is located in the new The Office building, located in the center of the city. The LSEG headquarters currently occupies an area of 1,500 sqm.

Businessman Dan Şucu enters the luxury apartment rental market

The businessman Dan Şucu invested about EUR 15 million in a complex with eight luxury apartments, located in the Primaverii-Dorobanti area, near Aviatorilor.

“There is a fairly small number of customers to whom this offer is addressed, but the offer they have in the market is not very large either. The Primăverii-Dorobanti area is already established as the first elite area of Bucharest. Everything that is built and what was later added in this perimeter is addressed to a premium client. The premium customer is looking for safety, prestige and comfort”, say the owner’s representatives.

Located on Muzeul Zambaccian street, at no. 15, the block offers customers six two-bedroom apartments, at rental prices between EUR 7,200 and 10,000, and one two-room apartment, which includes a bedroom and a living room. The homes have surfaces between 110 sqm and 254 sqm, including a generous terrace.

“This investment is intended for the long term, for rent, and we do not aim to put the apartments up for sale. We start from the premise that, as happens in all European capitals, the rental market in Bucharest will continue to develop at an alert pace,” add the developer’s representatives.

The Hillwood developer wants to buy land in Romania

The American real estate developer Hillwood, owned by billionaire Ross Perot Jr., wants to enter the industrial sector of the Romanian real estate market, for which purpose it is analyzing the purchase of some land.

The American group is analysing the Romanian market through its Hillwood Investment Properties division, which has so far developed or bought industrial/logistics properties with a cumulative area of 26.2 million sqm and whose target for this year is to start projects with an area total of about 860,000 sqm. The division’s future plans include logistics projects with an area of more than 13 million sqm.

Market sources say that Hillwood is interested in acquiring some land in Romania, which it can use to develop logistics projects. Americans are not the only ones interested in the logistic real estate sector in Romania. The GARBE entrepreneurial group, one of the largest investors in logistics and industrial spaces in Germany and Europe, is preparing to enter the Romanian real estate market, where it is already recruiting.

Source: Profit.ro

Ali Madadi to open retail park in Chitila

Businessman Ali Madadi, the owner of the car dealer Rădăcini Motors, is preparing the necessary documents for the development of a retail park, which will be built in 2025 in parallel with a new Kaufland store in place of the former UTREC Chitila factory.

The Madadi family, as the majority shareholder of the former UTREC Chitila food industry machinery factory, sold to the German retailer Kaufland, with a price of EUR 5.8 million, a 2.2-hectare land, free of construction, resulting from the dismantling of the over 3.7 hectare lot of UTREC. On the remaining piece of land, with an area of about 1.4 hectares, Madadi designed a retail park that will be called Chitila Plazza by Radacini. The project consists of 3 buildings with a cumulative area of 5,780 sqm. The opening of the park is expected for the last quarter of 2025 and will be synchronized with the opening of the adjacent Kaufland store.

“It will be a new concept of retail park focused on sustainability and with a different design compared to what we have in the market,” said Filip Todasia, the representative of Rădăcini Estate, the real estate division of the Rădăcini group.

Source: Profit.ro

Marriott will open three hotels in Romania by 2029

Marriott International hotel group will open three new hotels in Romania in the next five years, as part of a partnership with a local investor.

Courtyard by Marriott Sibiu Downtown will open in Q2 2026. The hotel will include 81 rooms, three conference rooms, as well as a restaurant and a SPA area.
Courtyard by Marriott will open in Timisoara, in 2029. near Iulius Town. The project will have 208 rooms and suites and four conference rooms.

Four Points by Sheraton by Marriott Bonvoy will open in Cluj-Napoca in 2027. The hotel will have 109 rooms and suites, various conference rooms and a restaurant.

“This agreement strengthens the demand we see for international hotel brands in the region and supports the development of Marriott Bonvoy projects in Romania,” said Silvija Lovreta, Vice President Development – Central and South Eastern Europe, Marriott International.

Leroy Merlin opens new store in Pitesti Shopping Park

The French retailer Leroy Merlin, a retailer specialized in construction, decoration and gardening, the second player on the DIY market in Romania, with a network of 21 stores nationwide, has leased 9,000 sqm within the Pitesti Shopping Park project, developed by Square 7 Properties.

“The decision to open a Leroy Merlin store in Pitesti comes as a natural response to the needs and high demand in this region. With a growing number of inhabitants and an average salary among the highest in Romania, Pitești is in the top 15 cities in the country. We have also noticed a significant interest from the residents, with over 200,000 accesses to our website in Pitesti in recent months,” says Mathieu Bauduin, CEO of Leroy Merlin Romania.

Leroy Merlin thus has 22 stores in Romania, with almost 3,500 employees in 15 cities. Recently, the retailer announced that it will also open two new stores in Bucharest.

Source: Profit.ro

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