Griffes Leases 6,000 sqm in Unirii View

Griffes, Romanian real-estate advisory practice, announces the successful leasing of 6,000 sqm of office space in Unirii View office project located in the center of Bucharest.  Out of the 6,000 sqm leased, 2,000 sqm represent new tenants joining the tenant palette, while 3 tenants expanded operations and grew their space take up in the building.

 

The transactions were concluded with companies operating in the business services and IT sectors.

 

“With new office deliveries remaining limited, well-positioned assets in central areas such as Unirii View continue to outperform, attracting tenants that are making strategic, long-term decisions about their workplaces. For the first time in nearly 20 years, the Bucharest office market has gone through an entire year without the delivery of any new office developments. This prolonged pause in new supply has intensified the mismatch between available space and tenant demand, pushing vacancy in Class A buildings in the Center submarket down to a record-low 3%. At the same time, prime assets have seen rental levels increase by 5%, further widening the gap between high-performance office buildings and older stock. In the next years, this dynamic is expected to persist, with occupiers placing growing emphasis on workspace quality, employee well-being and ESG alignment, while developers calibrate future projects to respond to these priorities.”, said Andreea Păun, Managing Partner Griffes.

 

Greek Jewelry Brand Anna Maria Mazaraki Enters the Local Market and Opens Store in ParkLake

Greek jewelry brand Anna Maria Mazaraki has opened its first local store in ParkLake Shopping Center, a project developed by Sonae Sierra. The rental transaction was brokered by real estate consultancy Cushman & Wakefield Echinox.

 

“Romania continues to attract top brands and investors, demonstrating an increasing appetite for quality retail spaces. The opening of the first Anna Maria Mazaraki store in ParkLake Shopping Center confirms the strong demand for innovative concepts and premium locations, capable of offering an exceptional customer experience and supporting sustainable business growth,” says Dana Radoveneanu, Head of Retail Agency, Cushman & Wakefield Echinox.

 

At group level, Anna Maria Mazaraki operates 44 points of sale, of which 28 stores in Greece, five in Cyprus, eight duty-free units in airports, two stores on cruise ships and an online store.

Meta Estate Trust Inaugurates Retail Park in Ciolpani

Meta Estate Trust announces that Retail Park Ciolpani, the retail project developed on DN1 (Bucharest–Ploiești), is open and operational.

 

The park thus becomes the first asset of its kind in the Meta Estate Trust portfolio to generate recurring income. The total investment value in the Retail Park Ciolpani Project amounts to approximately 2 million euros, for a leasable area of ​​approximately 2,650 square meters.

 

“The early opening of Retail Park Ciolpani represents a milestone for Meta Estate Trust. It is our first operational retail park and the first to generate recurring revenues, confirming the attractiveness of the project and the team’s ability to deliver beyond expectations. The investment value of approximately 2 million euros, the tenant portfolio and the structure of long-term contracts support this development. Our projections indicate a solid revenue potential, and the location on DN1 directly responds to the growing needs of communities in the north of the Capital,” said Bogdan Gramanschi, CFO and interim CEO of Meta Estate Trust.

 

Source: Profit.ro

Bog’Art Published its Sustainability Report for 2024

Bog’Art has published its Sustainability Report for the 2024 activity year, marking the second consecutive year in which the company voluntarily reports on its impact and performance in the areas of environmental protection, social responsibility, and corporate governance, across the ESG (Environmental, Social, Governance) pillars. This initiative confirms Bog’Art’s commitment to transparency, accountability, and sustainable development in Romania’s construction industry.

 

With nearly 35 years of experience and a diverse, well-balanced portfolio of projects—from civil works to strategic infrastructure and utility networks—covering all stages of development, from design and permitting to execution and final handover, Bog’Art continues to strengthen its position as a leader that integrates sustainability into its operating model.

 

The 2024 Sustainability Report highlights clear progress and measurable results and was developed on a voluntary basis, in line with elements of the European Sustainability Reporting Standards (ESRS), including the double materiality assessment, as well as concepts aligned with GRI standards.

 

A key indicator of the effectiveness of the measures implemented is the early achievement of 4 out of the 9 sustainability objectives initially set for 2028. Compared to the previous year, Bog’Art recorded significant operational improvements, including a 32% reduction in water consumption on construction sites, a 6% decrease in electricity consumption and a 34% reduction in gas consumption at headquarters, a 37% decrease in the use of metal materials, and a 415% increase in the quantity of materials recycled and responsibly disposed of.

 

The integration of modern technologies and digital solutions has contributed to reducing environmental impact, optimizing transport, and limiting operational losses, alongside continuous investments in environmental protection measures on construction sites and in regular employee training programs.

 

The 2024 Sustainability Report was developed with the support of BuildGreen, a specialized consultancy that has assisted the company since its first year of reporting in the analysis, structuring, and interpretation of sustainability data, in line with industry best practices.

 

“Our second ESG Report confirms that sustainability is a continuous process, deeply embedded in the way we work. The results achieved in 2024 demonstrate that the measures implemented at both operational and site levels generate real and measurable impact. We will continue this journey with the same rigor and responsibility toward the environment, our people, and our partners,” stated Mr. Bogdan Doicescu, designated Environmental Policy Officer, Group CEO & Executive Board Member of the Bog’Art Group.

Hubix Invests EUR 20 mln in Abito Pipera Residential Project

Hubix, a Romanian real estate management and investment company, announces an investment of EUR 20 million in the development of the residential project Abito Pipera.

 

The project will include 150 apartments, 198 parking spaces, commercial spaces, storage boxes, as well as areas dedicated to the community: an indoor park, a pedestrian area and a rooftop arranged for the common use of residents. Construction is scheduled to begin in January 2026.

 

“For us, Abito Pipera is a first step in northern Bucharest and comes after a very careful analysis of the area. We were interested in the combination of real housing demand, existing and potential infrastructure and clear development prospects, including in the public transport area. The Pipera area is probably the hottest real estate investment area in Romania and will continue to be so because it meets all the requirements: multiple facilities for housing and business, high-income population, large existing community, branding,” said Daniel Tudor, Chief Investment Officer of Hubix.

 

The project will be executed by City Construct.

Vastint Romania Organized the Fifth Edition of the Blood Donation Campaign

Vastint Romania, in partnership with Digi Group, organized the fifth edition of the blood donation campaign held under the “December of Giving” umbrella. The event took place at Business Garden Bucharest and brought together 70 donors.

 

In December 2023, Vastint Romania became the first private company to join Digi24’s national campaign “We share the same blood”. Since then, the company has organized five successful blood donation initiatives, engaging more than 300 employees and collaborators from tenant companies and supporting the collection of over 135 liters of blood.

 

“Reaching the fifth edition of this campaign is especially meaningful for us, because it shows how blood donation has become a natural and constant expression of civic responsibility within our community. At Business Garden Bucharest, we have always believed that an office project should be more than a workplace. It should be a place where people care about each other and feel encouraged to get involved. The strong engagement we’ve seen in previous editions gives us the confidence to continue and grow this initiative. We are happy to move forward alongside the Digi Group, a partner with whom we share values and a common vision of creating positive, long-term impact. This campaign is also part of a broader calendar of activities dedicated to our tenants, a program that expands and evolves year after year,” said Eliza Onică, Senior Marketing Manager, Vastint Romania.

Bega Turism Invests EUR 8 Mln in an Apart-Hotel in Timișoara

Bega Turism, the company controlled by entrepreneur Marius Cristescu and his brother, has invested EUR 8 million in a new apart-hotel located in the center of Timisoara. The project, to be inaugurated next summer, is aimed at the corporate segment, targeting long-term rentals for employees of companies in the area.

 

The new building, built from scratch, will have 126 apartments to be rented for at least one month. This investment strengthens Bega Turism’s position as the largest hotel operator in Timis County, where about 110 companies operate.

 

The company’s portfolio already includes the 209-room Timișoara Hotel, a 45-room hotel in Sânnicolau Mare and the two-star Nord hostel in Timișoara with 39 rooms. The project is in addition to another recent major investment by the Cristescu brothers, who in 2021 allocated EUR 10 million for the construction of the 200-room Ibis hotel, affiliated to the Accor group, which took two years to complete.

HP Tower Hotel in Brașov Put Up for Sale Out of Insolvency

The HP Tower Hotel in Brasov, formerly the Ramada, has been put up for sale again, this time as part of an insolvency procedure that started in October 2024. The property, is located at the entrance to the city and has an occupancy rate of over 80%.

 

The building has 113 rooms and suites, a SPA center, underground and above-ground parking, a 100-seat restaurant and modular conference rooms with a total capacity of 180 people, and is oriented towards the corporate and MICE (Meetings, Incentives, Conferences, and Exhibitions) segment.

 

This is not the first attempt to sell the hotel, with a similar procedure also taking place in 2023 at a price of EUR 13.5 million. Before the pandemic, the company operating the hotel had a turnover of about EUR 2.36 million.

NEPI Rockcastle Appoints Marius Barbu as Chief Operating Officer

NEPI Rockcastle has appointed Marius Barbu as Chief Operating Officer (COO), effective April 1, 2026. He will take over from Marek Noetzel, who currently holds this position, and will be the new CEO Designate.

 

Marius Barbu currently serves as Group Asset Management Director of NEPI Rockcastle and has 25 years of experience in asset management, real estate and retail. Marius Barbu joined the company in 2012 and was appointed Group Asset Management Director in June 2022, responsible for coordinating strategic operational priorities, business transformation, marketing and asset management across the entire portfolio.

 

Previously, he consolidated his expertise in real estate asset management, leasing, marketing and branding in retail, working for international companies such as Argo Capital Management, Mivan Development and Unilever South Central Europe.

Alaettin Eskiocak Prepares New Residential Project

The Turkish businessman Alaettin Eskiocak is preparing the construction of a new project, with 5 blocks of 10 floors each, next to his family’s new Chiajna Shopping Center.

 

The investor owns a 2.2-hectare plot of land on the edge of the Militari Residence neighborhood, which already has 15,000 apartments and a community of 25,000 inhabitants. On this land, Alaettin Eskiocak is now planning the construction of 5 blocks with a basement dedicated to parking and 10 floors each, which will have a total developed area of ​​about 67,000 square meters, the equivalent of about 500 apartments.

 

The investment calculated by the investor amounts to about EUR 20 million and the duration of the works is estimated at two years from obtaining the building permit.

 

Source: Profit.ro

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