All posts by tudor@cijeurope.com.

Top Trio Capital Sells Office Building in the Center of Bucharest

The real estate company Top Trio Capital, owned by businessman Shimshon Younger and his partners, has put up for sale the Armand Business Center office building in the center of Bucharest for about EUR 8 million.

 

The Armand Business Center building was built in 2013, has 3 basements with 48 parking spaces and 6 above-ground floors, with a leasable area of ​​about 3,500 square meters. The building has an occupancy rate of about 80% and tenants such as Mega Image, Avira, AFS and Biochem.

 

Last year, Top Trio Capital, the company that owns the building, reported revenues of about EUR 1 million. Top Trio Capital is owned by Shimshon Younger, 50%, Michael Grinblat, 25%, and Ozer Assaf and Jacob Ofnagel, each with 12.5%.

 

Real estate consultancy Cushman & Wakefield Echinox has been appointed to sell the building. The property was previously listed for sale 10 years ago for EUR 7.5 million.

 

Source: Profit.ro

Natuzzi Transfers part of its Furniture Production from Italy to its Factory in Baia Mare

The Italian high-end furniture manufacturer, Natuzzi, which is in financial difficulty, will transfer approximately 8% of its production from its Italian factories to Romania. According to the company, the measure is temporary.

 

Thus, Natuzzi will transfer part of its production from Italy to Romania, as part of a voluntary restructuring process, which includes layoffs and reduced working hours for over 1,700 employees. Amid the impact of the customs tariffs imposed by the US and a difficult business environment, Natuzzi has initiated a negotiated crisis management procedure, in order to “reestablish a sustainable economic and financial balance”.

 

Natuzzi is present in Romania through the Italsofa Baia Mare factory, where it produces sofas and armchairs.

 

Source: Profit.ro

Lefties Opens store in AFI Cotroceni in Bucharest

Lefties, the affordable brand of the Inditex group, has opened its fifth store in Romania, in the AFI Cotroceni shopping center in Bucharest. Lefties occupies the space left vacant after the departure of fashion retailer C&A.

 

The first Lefties store in Romania was inaugurated in Craiova in 2023. Other stores of the brand are in Timișoara, Suceava and Ploiești.

 

Inditex owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Lefties. In Romania, the group owns 26 Zara stores, 13 Massimo Dutti stores, 26 Pull&Bear stores, 30 Bershka stores, 25 Stradivarius stores, 13 Oysho stores and 9 Zara Home stores.

Astorium Launches Selenium Residential Project

Astorium Construct Investment, controlled by businessman Ulaş Dilmaç, is working on the concept of a new residential complex, called Selenium, which will be developed on Gura Caliței Street in Sector 3. The complex will be built on a 1.5-hectare plot and will include studios, as well as two-, three- and four-room apartments. The estimated investment for the development of the Selenium project is EUR 35 million.

 

In parallel, the company is preparing another investment, valued at 6–8 million euros, in a boutique complex with approximately 40 apartments. The project will have a ground floor plus three floors, will also be located in Sector 3, about eight minutes from the Nicolae Teclu metro station, and is expected to be completed in approximately 12 months.

 

In addition to these developments, Astorium is planning two more residential projects in Sector 3. One of them will include over 700 apartments, and each of the two investments is estimated at over EUR 30 million.

 

Source: Profit.ro

Leroy Merlin Romania Ended 2025 with a Turnover of RON 3.7 billion, up 9%

Leroy Merlin, a French retailer specializing in construction, decoration and gardening, ended 2025 with a turnover of approximately RON 3.7 billion, up about 9% compared to the previous year.

 

During 2025, the company opened three new stores, in Mall Moldova in Iași and in the Supernova Lujerului and Supernova Pantelimon shopping centers in Bucharest, thus reaching a network of 25 stores in 16 cities in Romania.

 

Leroy Merlin is part of the European DIY group ADEO, which has a network of over 1,000 stores in 20 countries, bringing together 150,000 employees.

 

In Romania, Leroy Merlin is present through 25 stores in 16 cities – Bucharest, Cluj-Napoca, Craiova, Ploieşti, Pitesti, Braşov, Constanţa, Sibiu, Suceava, Târgu Mureş, Bacău, Iaşi, Timişoara, Oradea, Târgovişte and Arad – and has a team of almost 3,500 employees.

 

Action Expands National Network with Two New Stores

The discount store chain, Action, is opening two new units this month. The two units are located in Sanpetru and Odorheiu Secuiesc, and the inauguration is scheduled for June 25.

 

Action is already profitable on the local market, after only five months since the opening of the first local store, with sales significantly exceeding the company’s expectations. Since the beginning of the year, Action has also opened stores in Râmnicu-Vâlcea, Alba-Iulia and Drobeta Turnu Severin.

 

Action opened a record number of 384 new stores in 2025, reaching a total of 3,302 stores in 14 countries at the end of the year, of which 6 stores in Romania and 8 in Switzerland, a market it entered in April.

 

The Dutch retailer is preparing to launch in two new markets this year, in Croatia and Slovenia.

 

Source: Profit.ro

Hubix Acquires half of Joy Retail Parks in Răducăneni and Pantelimon

Entrepreneurs Adrian Păcuraru and Andrei Rați, developers of the Joy retail park network, have sold half of the Joy retail parks they are building in Răducăneni (Iași) and Pantelimon (Ilfov) to the real estate investment platform Hubix.

 

The Joy Retail Park shopping center in Răducăneni is set to open in 2027 with retailers Pepco and Penny Market as tenants. The gross development value of the retail park was estimated at EUR 2.9 million, and half of the amount is supported by new partner Hubix. The project will have a usable area of ​​approximately 1,758 square meters and 77 parking spaces. The project is fully pre-leased with contracts extending up to 15 years.

 

Păcuraru and Rați’s plan is to develop two retail parks per year. In the Joy network, they also own the retail parks in Rupea, Roznov and Sovata. The other Joy retail parks, developed in Dorohoi, Balș, Gherla and Calafat, were sold, but remained under the management of the developer company.

 

Source: Profit.ro

VGP Delivers new Ursus hub in Brasov and Prepares 46,500 sqm in Bucharest North

Logistics and industrial space developer VGP, with 6 parks in Romania totaling 920,000 sqm of leasable space, completed in Q1/2026 a new 35,000 sqm hall in VGP Park Brasov, for Ursus, and pre-leased 8,000 sqm to Epiesa in VGP Park Bucharest 2 – East.

 

The company is also preparing a new 46,500 sqm phase in VGP Park Bucharest North, developed in a multi-tenant regime.

 

The VGP network in Romania currently includes six logistics and industrial parks – Arad, Braşov, Bucharest North, Bucharest 2 (East), Sibiu and Timişoara – with a total leasable area of ​​920,351 sqm and a current availability of 427,775 sqm.

 

The largest project remains VGP Park Arad – 193,620 sqm of leasable area, positioned next to the A1 motorway, 50 km from the Hungarian border. Next is VGP Park Braşov, with 184,529 sqm, developed on the city’s ring road, and VGP Park Timişoara, with 177,215 sqm in 8 buildings.

 

Logicor Reaches a Local Portfolio of over 320,000 sqm Class A

The European owner, operator and developer of logistics spaces, Logicor, has reached a local portfolio of over 320,000 sqm Class A, in a context in which the national industrial and logistics stock has exceeded 8 million sqm, and demand has reached a record level of almost 1 million sqm of public transactions in 2025.

 

Logicor is present in Romania in the main economic and transport hubs – Bucharest, Ploieşti, Braşov, Sibiu and Timişoara. The company has a continental network with 591 assets in 14 countries – Belgium, Czech Republic, Finland, France, Germany, Italy, Netherlands, Poland, Portugal, Romania, Spain, Slovakia, Sweden and the United Kingdom.

 

The most recent major local activity was the completion, at the end of 2024, of the Logicor Bucharest III Pallady logistics park, located at the exit of the Autostrada Soarelui, on Theodor Pallady Boulevard. The project totals approximately 41,500 sqm – 37,000 sqm of storage space, 2,800 sqm of offices and social areas, plus 1,700 sqm of mezzanine space – is BREEAM Very Good certified and has been almost fully leased to a mix of tenants consisting of Cărtureşti, MKS, Editura Trei, Banca pentru Alimente, Homplex and Vel Pitar.

Rasova Winery Invests EUR 5 Million in New Hotel Development

George and Zoe Ghiuri family, owners of Rasova Winery, intend to expand their business on the banks of the Danube, near Cernavodă, by building a tourist complex estimated at approximately EUR 5 million.

 

Steps to build the complex have already been initiated by submitting the technical documentation to the Constanța Environmental Protection Agency. The company Rasova Wine SRL aims to draft a Zonal Urban Plan (PUZ) to include a 3.24-hectare plot of land into the buildable area, currently located in the agricultural outskirts of Cernavodă, south of the railway and highway. The site, which is currently free of buildings, is located along the road parallel to the Danube cliff. The owners are considering accessing funds to finance the future hotel.

 

In 2024, the company Rasova Wine SRL reported a turnover of approximately EUR 2.99 million, up 9.40% compared to the previous year. The recorded net profit was around EUR 11.2 thousand, with the activity supported by 47 employees.

front page info
LATEST NEWS
26 June 2026 Record Number of Slovaks Traveled Abroad for Leisure in 2025 as Domestic Tourism Remained Stable 26 June 2026 Acoustic Design Helps Serbia’s Fruške Terme Resort Balance Scale with Guest Comfort 26 June 2026 Accolade Industrial Fund Expands European Logistics Portfolio to €2.3 Billion 26 June 2026 SHD Real Estate Plans 179-Unit Residential Development at Lipno Reservoir 25 June 2026 Europe’s Office Market Looks Beyond AI as Economic Fundamentals Continue to Shape Demand 25 June 2026 Rohde & Schwarz Topex Expands Bucharest Presence with 10,000 sqm Lease at myhive IRIDE | nineteen 25 June 2026 Why Tokyo’s New Skyline Is Built to Move During Earthquakes