French Revolution, the well-known Romanian confectionery brand focused exclusively on the artisanal production of éclairs, opened a new store in Timpuri Noi Square, the flagship real estate office complex of Vastint Romania.

French Revolution Timpuri Noi Square is the 6th store of the company in Bucharest.

“Finding a prime retail space in Bucharest is always a challenge for any restaurant or store operator, which is why we’re excited whenever we identify a location with strong potential, especially one that aligns with our strategy of opening near office hubs.

We hope the new space will become a key attraction for both employees working in the complex and visiting guests, offering not only delicious desserts and specialty coffee, but also a lively atmosphere ideal for socializing.

We’re extremely proud of the business we’ve built over the past 11 years and of the dedicated team that continues to grow year after year. Looking ahead, we have ambitious expansion plans for our brand, both in Romania and across Europe.”, declared George Panaitescu, Co-Founder and Co-Owner French Revolution.

Timpuri Noi Square is a well-designed architectural development that offers excellent connectivity to all parts of the city, with easy access to both public transport and road networks. Situated in a vibrant, densely populated residential neighborhood, Timpuri Noi Square has played a key role in the rapid growth of local services and has sparked greater demand for both office and residential spaces.

“We are happy to welcome in our community a famous Romanian brand such as French Revolution. We are thrilled that Timpuri Noi Square continues to draw esteemed partners, further solidifying its position as a significant urban regeneration project for the Timpuri Noi area in Bucharest. The new store will complement the present facilities, that include a fitness center, a beauty clinic, a bank, a convenience store, a restaurant and a food market. Also, the second phase of Timpuri Noi Square, currently in construction, will include retail spaces that have been thoughtfully designed to expand the existing mix of services and amenities already available in phase one of the project.”, said Sorin Macoveiu, Commercial Manager Vastint Romania.

Another premiere that phase two of Timpuri Noi Square brings is New Tales, a contemporary food hall concept and a first for the local market. Spanning nearly 6,000 m² across two levels, the space will feature a generous common area alongside a curated mix of commercial units.

Rituals Cosmetics continues its expansion in Romania by inaugurating one of its largest stores in the AFI Cotroceni shopping center.

“This opening is special because it marks the first Regular Plus store in Bucharest, meaning a larger space and an expanded range of products. Since last September, we have opened six stores, five of them in Bucharest, each one bringing us closer to our mission of helping people slow down and find moments of authentic wellbeing in their everyday lives,” says Dorota Prat-Carrabin, Managing Director CEE at Rituals.

Founded in Amsterdam in 2000, Rituals has expanded to over 36 countries with over 1,185 stores, over 4,200 store-within-stores, 5 body spas and the world’s first Mind Oasis. In addition to the first Mind Oasis in Amsterdam, Rituals also opened Mind Oasis in Antwerp, Barcelona, Frankfurt and Paris in 2023.

Immobiliare Grande Distribuzione (IGD), which owns the Winmarkt shopping center network in Romania, has sold the third shopping center in the restructuring plan.
The shopping center in Vaslui has a leasable area of 3,621 square meters and stores such as Pepco, Carrefour and Jolidon. The value of the transaction, brokered by CBRE, was EUR 2.2 million.

This is the third asset that IGD is selling in Romania, according to the business restructuring plan. The first asset, a shopping center in Cluj-Napoca, was sold in February, for EUR 8.3 million. The second shopping center sold was the one in Alexandria, for a value of about EUR 3.3 million.

The Italians hope to obtain EUR 70 million from the sale of properties in Romania during 2025-2026. The rest of the assets in the portfolio could be sold after this period.
The company’s most valuable asset is Winmarkt Ploiești, with a leasable area of 19,571 sqm and a market value of EUR 40 million.

Source: economica.net

Global Vision announces its first investment within the retail sector, marking a new chapter in the company’s strategic expansion. Located in Oradea, the new commercial project represents a milestone in Global Vision’s strategy to build a resilient, high-performing real estate portfolio across key asset classes, as part of the current investment pipeline that exceeds EUR 150 million.

The development, set on a plot of over 25,500 square meters, will host ATAC Hiper Discount, the discount format operated by Auchan, as its anchor tenant, with a 7,500 square meter space secured under a long-term lease agreement. The project also includes a commercial gallery of over 1,500 square meters, creating a modern retail destination for both national and international brands. The total investment exceeds EUR 10 million. The retail park will operate under the name Oradea Retail Plaza and is envisioned as a new commercial and social landmark for the region.

Situated in the southern part of Oradea, with direct access to the city’s Ring Road, the retail park benefits from a strategic location, excellent connectivity, and strong market fundamentals, making it a valuable addition to Global Vision’s cross-sector real estate strategy.

This transaction represents Global Vision’s official entry into the retail market, building on the company’s established success in the industrial, office, and residential sectors. It also reflects the ongoing growth of Global Vision’s real estate investment fund, which is focused on developing a forward-looking, diversified platform across Romania and the broader Central and Eastern European region.

“We’re entering the retail sector by applying the same fundamental philosophy that has guided our work in the industrial, office, and residential sectors: a long-term vision, strategic locations, solid partnerships, and integrated developments that deliver real value to our stakeholders. This approach has allowed us to consistently grow a resilient, diversified portfolio, one that’s built to perform across market cycles and remain relevant for both communities and investors,” said Sorin Preda, CEO & Founder, Global Vision.