All posts by tudor@cijeurope.com.

Penny Continues to Expand and Opens Two New Stores

Penny continues to expand its network nationwide and inaugurates two new stores in Curtea de Argeș, Argeș County, and in Fetești, Ialomița County.

With these openings, the Penny network reaches 458 units nationwide.

 

The company recently inaugurated its new logistics warehouse in Mihăilești, Giurgiu County. The Mihăilești warehouse completes the company’s logistics infrastructure in Romania, alongside the centers in Ștefăneștii de Jos, Turda, Bacău and Filiași.

 

The retailer is preparing investments of approximately EUR 3 billion over the next 10 years, three times more than the amount invested between 2014 and 2024, a decision driven by accelerated expansion plans, but also by the significant increase in costs for land, buildings and construction materials, with the goal of reaching 1,000 stores and an expanded logistics network to six regional centers.

Atenor to Exit Romania

Belgian real estate developer Atenor has decided to close its business in Romania, after the sale of the @Expo office complex in Bucharest, a transaction under discussion with investor Mondo Development, a new buyer on the Romanian market. By the end of March, the transaction should be signed, at a price of maximum EUR 55 million.

 

“Atenor has been active in Bucharest for more than 15 years. Initially, we started our activity in the office market, which has recently faced difficulties in terms of leasing and investments, especially due to the COVID-19 pandemic. In the meantime, we developed the UP-site residential project, which has been commercially successful, despite some operational challenges. We are currently analyzing several alternatives, with a focus on our residential activities,” Atenor representatives said.

 

The Belgians also completed two glass residential towers last year, one with 12 and the other with 25 floors, across the street from the Promenada mall in Bucharest. The Up-site Bucharest project includes 256 apartments.

 

Source: Profit.ro

 

Ali Madadi Prepares his Entry into the Logistics Market

Businessman Ali Madadi, owner of the car dealer Rădăcini Motors, is preparing the development of a logistics park with halls dedicated to small and medium-sized companies.

 

He has set out to build 22 halls, one of which will be used as a showroom, and the others for storing general goods. Each hall will have a main storage and office area, plus changing rooms and toilets. The area of ​​each hall is approximately 550-600 square meters, which makes the entire project have a total developed area of ​​approximately 13,000 square meters.

 

The investment in this project is calculated by the investor at 3.1 million euros. The project will be developed on a plot of land with an area of ​​about 4 hectares, located in a logistics park area in the western belt of Bucharest.

 

Source: Profit.ro

Romanian Post Builds a Logistics Hub worth EUR 6 Million 

The National Company “Romanian Post” SA has launched an open tender for the construction of a logistics and courier hub in the town of Roman, Neamţ County, with the total estimated value of the contract being 29.22 million lei, excluding VAT.

 

The duration allocated to the design is 30 days, and the period for the execution of the works and technical assistance is 11 months, so that the project is fully implemented in a maximum of 12 months.

 

The estimated value includes design services and technical assistance of 406,250 lei, excluding VAT, and the execution of works of 28.81 million lei, excluding VAT, including, among others, expenses for land development, utilities, basic investment and construction site organization. The award criterion is “the best quality-price ratio”.

 

Source: economica.net

Over 100,000 sqm of Office Spaces to be Delivered in Bucharest

The Bucharest office market is preparing for a significant revival in 2026, when Vastint, PPF Real Estate and One United Properties will complete three class A office buildings, totaling over 100,000 rentable square meters. The deliveries mark the end of an unprecedented period of stagnation in the last decade: in 2024, only one project was completed, AFI Loft with 16,000 sqm, and in 2025 no new building was delivered to the market.

 

Timpuri Noi Square II includes two office buildings, with 15 and 8 respectively floors, which will total approximately 55,000 leasable square meters. The investment is estimated at 100 million euros and includes 690 underground parking spaces, as well as the largest food hall integrated into an office building in Romania, with an area of ​​approximately 6,000 square meters.

Artesana to Open New Factory in Romania

Dairy producer Artesana is preparing to start work on its third dairy factory, an investment estimated at 8-10 million euros.

 

“The third Artesana factory is our biggest project, an investment estimated at between 8 and 10 million euros, with works expected to start in the first part of 2026. It is not a comfortable investment and not a small step, but we are no strangers to such decisions taken in difficult times. For us, this factory does not only mean more capacity, but a new chapter of efficiency, sustainability and preparation for the next decade,” said Daniel Donici, co-founder of Artesana.

 

“After years of constant growth, sometimes in almost absurd conditions, I feel that a stage of true maturity is coming. We are, of course, also talking about numbers: the 100 million lei turnover threshold is a realistic one, after a 2025 estimated to end at 75 million lei,” he added.

 

Source: economica.net

Crescendo to Build a EUR 10.58 mln. Four-Star Hotel in Târgu Jiu

The company Crescendo, active in the field of restaurants, awarded a contract worth RON 53.87 million (approximately EUR 10.58 mln), excluding VAT, for the construction of a four-star hotel in Târgu Jiu. The project will be executed by an association made up of BRC Premium and Inmelcom Prod, and part of the financing is provided through the Just Transition program.

 

The new hotel will have over 70 rooms and will be located on a plot of almost 5,000 square meters in the historic center of the city, exclusive property of Crescendo. The company, founded in 1991 and equally controlled by Carmen and Călin Lemnaru, reported for 2023 a turnover of 48.1 million lei (9.45 mln. EUR) and a net profit of 5.4 million lei (1.06 mln. EUR).

 

The selected builders are BRC Premium, specialized in electrical installations. The other member of the association is Inmelcom Prod from Bârsești (Gorj), a metal construction manufacturer.

 

Retailer English Home Exits Romanian Market

The Turks from English Home, a chain of stores with home & deco products, are leaving Romania. Stores in the country are closing one by one, although there is no official statement from the company yet. The company has already closed the stores located in the Mega Mall and Plaza Romania shopping centers.

 

English Home entered our country in 2015, with the retailer owning 17 stores in several cities across the country. Market data shows that the retailer has never made a profit.

 

Also, in October 2025, English Home decided to withdraw from the Ukrainian market, where it had been operating for ten years. The decision, made due to “market conditions and operational difficulties,” led to the country being removed from the official business list and the cessation of online sales. The Turks had reached 35 stores in Ukraine.

Altex Founder Dan Ostahie Buys Module Shopping Center

Businessman Dan Ostahie, who controls the electro-IT retailer Altex, bought from businessmen George Teleman, partner of the Equest fund, and Robert Vișoiu, son of the owner of Conarg, the former Module Shopping Center, in Târgoviște, which includes the spaces now occupied by Altex and Brico Depot.

 

“The transaction was completed after obtaining the approval of the Foreign Direct Investment Examination Commission (CEISD). The project was configured from the start into a DIY (Praktiker / Bricostore) and a consumer electronics (Domo / Altex). At the time of the transaction, the tenants were Bricostore and Altex,” said George Teleman, partner of the investment fund Equest Balkan Properties.

 

Module Shopping Center has a gross leasable area of ​​6,550 square meters, of which 5,300 square meters are reserved for the DIY store.

 

Source: Profit.ro

Ministry of Energy Leases the Former Headquarters of the Romanian Post

The Ministry of Energy has reached an agreement with the Romanian Post National Company  to lease its former headquarters, on Dacia Boulevard no. 140 in Bucharest, and move its headquarters there.

 

In November 2025, the Ministry of Energy requested offers to lease another office space, with an estimated price of EUR 54,000 per month.

The ministry is now preparing for the actual move, being in discussions for transport, handling, loading and unloading services with the specialized company Global Relocation Service SRL of Cornelis de Groot.

 

The Post Office relocated its headquarters to a building on Calea Giulești last spring and rented out the building on Dacia, which it owns.

 

Source: Profit.ro

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