All posts by tudor@cijeurope.com.

aSpace opens first coworking space on Calea Victoriei

aSpace inaugurates a new location of almost 1,000 square meters in the center of Bucharest, in the Victoriei 222 building. This is the first coworking destination on Calea Victoriei and is aimed primarily at small businesses, with 6 to 20 employees, but also freelancers. aSpace has already signed pre-lease contracts with the first four tenants.

“aSpace continues to develop and does so at the pace we set last year. The new space in Victoriei 222 is designed to be within reach of small companies, but also freelancers who need a pleasant place, equipped with everything necessary and at affordable prices. Of course, we are waiting for anyone interested in an office located in the center of the Capital in the new space. One of the advantages of these new offices is that they are very easily accessible, being located just one minute from the Victoriei metro station. In fact, our entire network of locations – Băneasa, Floreasca, Aviatiei, Pipera and Cotroceni – is characterized by easy access and includes private offices, dedicated desks and hot desks, all strategically located to provide accessibility and comfort, even in busy traffic conditions,” said Bogdan Mariniuc, founder and CEO of aSpace

Polona 68 Business Center achieves LEED Gold Certification

Polona 68 Business Center, a boutique Class A office building, located in the historical, ultra-central area of the Bucharest, has officially earned LEED Gold certification from the U.S. Green Building Council (USGBC), a globally recognized symbol of sustainability achievement. These recognitions support sustainability goals and meet the growing demand for healthier, more efficient work environments.

“Achieving LEED Gold and top scores in both transportation and human experience demonstrated our long-term vision and hard work behind this building. Our goal has always been to deliver a workplace that supports the environment and enhances the daily comfort and wellness of those who work here, in the premium office building”, said George Dragan – CEO Smartown Group.

Polona 68 Business Center have renting 9,443 square meters of premium commercial space, in the heart of Bucharest’s Central Business District (CBD), just minutes away from Piața Romană. Now, Polona 68 Business Center has a maximum occupancy rate of 100%.

STC Partners purchased a new asset for a new development – Quartier Pipera

Real estate developer STC Partners has finalised the acquisition of a land in Pipera, the northern area of Bucharest. There, they will develop a new sustainable residential project: Quartier Pipera. The plot has a surface area over 1.6 hectares and will host over 450 new homes for the community.

Quartier Pipera will start construction in Q2 2026, with the completion of the new residential compound estimated for Q1 2029. The project will be developed in two phases. STC Partners recently purchased the land from medical player Medicover for over EUR 8 million.

„We are so delighted to add another Quartier to our portfolio after the high success of Quartier Azuga and Quartier Ferdinand in the market. Of course, this motivates us, seeing that clients are more and more available to invest in their quality of life, choosing sustainable developments. So we are taking further our vision, based on sustainable principles for high living standards,” stated Roxana Cristea, Partner & COO of STC Partners.

„Pipera is a very popular choice for families seeking quality education and a well-connected lifestyle, so we are glad to contribute to the area with a residential compound signed by STC Partners. We are currently drawing the concept of the new project, being in the PUZ process stage. We will accommodate double studios, 2, 3 and 4-room apartments, parking lots, storage spaces, gardens and lots of other benefits in 3 buildings. Of course, we will keep and even adapt chosen materials that will reflect the highest quality standards, as we have already accustomed our clients by now”, completes Adi Steiner, Partner & CEO, STC Partners.

Quartier Pipera residential compound will offer heat pumps for heat and hot water preparation, photovoltaic panels, playground for kids, green spaces, compound park area, underground parking, storage boxes, parking for electrical cars, highly thermo-insulated facades, roofs and windows, functional apartment layouts with storage capacity, above ground parking for retail spaces and visitors. The green spaces and urban gardens will cover 35% of the total land plot, from which natural deep green areas represent 25%, a gross area above ground of 42.000 sqm and an underground surface of 19.000 sqm.

STC Partners real estate developer estimates the total investment for Quartier Pipera will reach over EUR 65 million. The company is committed to setting new standards in the residential sector, combining modern living solutions with environmental responsibility.

ALFA GROUP Acquires Part of the IRIDE Park Project from CPI Romania

CPI Romania, part of CPI Property Group, has finalized its transaction with ALFA GROUP, which, through its company Iride Development, is acquiring the majority of the IRIDE Park project, including associated logistics facilities and two adjacent buildings with potential for future development.

The two parties had signed a preliminary agreement in October 2024.

According to the terms of the deal, the buildings IRIDE eighteen, myhive IRIDE | nineteen, and myhive IRIDE | twenty will remain under the ownership of CPI Romania.

Fulga Dinu, Country Manager, CPI Romania: “With the signing of this agreement with ALFA GROUP, we are completing a key stage in CPI Romania’s portfolio optimization strategy. I’m pleased to conclude such a complex transaction successfully. IRIDE has proven its long-term value and will continue to be a landmark on the local real estate market, even under the new configuration in which CPI Romania retains three buildings. We remain focused on investing in the long-term growth and relevance of our strategic assets, reinforcing our position as a leading player in the local real estate market.”

Mihai Măcelaru, CEO, ALFA GROUP: “The acquisition of a significant part of IRIDE Park adds substantial value to ALFA GROUP’s real estate portfolio in Bucharest. It is a major transaction on the local market that opens the door to new large-scale development opportunities for our group in the medium and long term. I would like to thank the entire ALFA GROUP team for their dedication throughout this landmark transaction, as well as the legal and consulting teams who supported us.”

The transaction was advised by the law firm Biriş Goran on behalf of CPI Romania and by Peli Partners on behalf of ALFA GROUP.

Mammut to launch first Romanian store at RIVUS Cluj-Napoca

Mammut, the notorious Swiss brand specializing in gear, footwear and clothing for outdoor sports, rock climbing, mountaineering and winter sports, will open its first Romanian-based brand store in Cluj-Napoca, in the RIVUS mixed-use urban regeneration project developed by IULIUS Company in partnership with Atterbury Europe.

This will be the Swiss manufacturer’s first brand store in Romania, with a floor area of approximately 130 square meters, and will complete the shopping mix including more than 400 stores by national and international brands operating in the project bound to become the largest shopping and entertainment destination nationwide.

“As we set out, RIVUS Cluj-Napoca will be an experiential project that will bring a series of novelties for the Romanian retail market, not just the regional one. The series of premieres now continues with Mammut, a brand that is highly anticipated by sports and outdoor enthusiasts across the country, as the company is opening its first Romanian-based brand store in RIVUS. This partnership reconfirms the trust placed in IULIUS projects, which are landmark destination for premium retail based on the quality, visibility, and the environment adapted to the realities of modern commerce that they offer. RIVUS is not just a new shopping mall, but rather a lifestyle center spotlighting the variety of experiences, the interaction with brands, and the wants of our public, which we address via our mix of first-to-market retailers,” explained Oana Diaconescu, Head of Leasing Manager IULIUS.

Burger King to expand locally with money from EBRD

The European Bank for Reconstruction and Development (EBRD) will invest EUR 40 million in the capital of the Polish holding company Rex Concepts, to support its expansion by opening new quick-service restaurants in Poland, Romania and the Czech Republic. The investment would give the EBRD a 16.7% stake in the company.

Recently, the Burger King restaurant chain, now with a new franchisee, continued its expansion on the Romanian market, with a new location. Thus, Burger King opens its second restaurant in the city, inside Mall Moldova.

The first Burger King restaurant was inaugurated in Militari Fashion House, Bucharest. This is the first Drive-Thru restaurant in Bucharest.

Source: Profit.ro

Spectral Mobilă opens new store in Pașcani

Spectral Mobila SA has inaugurated, in Pașcani, the 40th Spectral Mobila store in Romania. The new location will be managed in a franchise system.

“Reaching the threshold of 40 Spectral Mobila stores was an objective that we set for ourselves for this year and that we managed to achieve with the opening of the Pașcani location. It is the third store in Iași county, and this strengthens our presence in the area. We will continue to expand the network of Spectral Mobila stores in counties where we are not present in order to be able to get as close as possible to our potential customers.” declared Dan Dodiță, executive director of Spectral Mobila SA.

Spectral Mobila SA owns a factory near the municipality of Bârlad where it produces a full range of furniture for bedrooms, living rooms, kitchens, hallways, bathrooms, offices or upholstered products such as sofas, armchairs or corner sofas.

Source: Profit.ro

Rituals Cosmetics opens fourth store

Rituals Cosmetics, the international brand for body care products, is expanding its presence in Romania by inaugurating its fourth store on the local market, just 8 months after the first one opened. The new space is located in the north of the capital, in the Promenada Mall shopping center.

Founded in Amsterdam in 2000, Rituals has since established itself as a global expert in the industry in over 36 countries, present in cities such as London, Paris and Hong Kong, with over 1,185 stores, over 4,200 stores within other stores, 5 body spas and the first Mind Oasis in the world. In addition to the first Oasis of the Mind in Amsterdam, Rituals has also opened Oasis of the Mind in Antwerp, Barcelona, Frankfurt and Paris in 2023.

The Perla Hotel in Mamaia will be completely demolished

The Perla Hotel in the Mamaia resort will be completely demolished. A new, modern hotel complex will appear in its place. Built in 1962, the Perla Hotel has been a landmark of the Romanian seaside for generations.

The decision comes after the Constanta Environmental Protection Agency announced that the demolition of the complex does not require an environmental assessment. The project involves the complete demolition of the 12-story building, along with the swimming pool, annexes, confectionery and kitchen, on an area of over 12,000 square meters.

After being purchased in 2019 from businessman Mohammad Murad for about EUR 4 million, the Perla Hotel entered the portfolio of Inproiect SRL, a company from Iași specializing in hotel investments. The same company also owns the Lotus and Select hotels in Mamaia, for which it has similar reconstruction plans.
The three-star Perla Hotel in Mamaia has 205 rooms, spread over 11 floors, and over the years has benefited from several renovation investments, the last of which was in 2015.

Source: Profit.ro

Bogdan Păun is preparing a new residential complex within Metalurgiei Park

Real estate developer Bogdan Păun is preparing a new residential complex, part of the second stage of development of Metalurgiei Park, built on the site of the former Berceni greenhouses.

For this project, Bogdan Păun bought a plot of land with an area of 7,680 square meters, where two block buildings are prepared, structured on a basement, ground floor, 10 floors, plus a secluded 11th floor, and will include 246 apartments, and commercial spaces will be arranged on the ground floor. There will be almost 300 parking spaces in the basement. The investment in this project is estimated at around EUR 30 million.

“The project on Metalurgiei Boulevard will start in the fall of this year or in the spring of next year, depending on obtaining the building permit. Depending on when construction begins, the completion period is 30 months, taking place in two stages,” said Cătălin Grigore, one of the owners of Sud Rezidențial, the exclusive sales agent of the project.

Source: Profit.ro

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