Foot Locker has resumed expansion in Romania with a new investor

The Foot Locker brand, an American sports retailer that entered Romania three years ago with its own store in the Bucharest AFI Cotroceni shopping center, but which sold its local business to the Greek company Fourlis, is now opening its first stores on the local market with a new investor. The new store was opened in Mall Moldova, presented as the largest shopping center in the region.

The American giant Foot Locker has sold its local business to the Greek company Fourlis, which is preparing to open over 100 stores under this brand in Romania and Greece. The Greek group Fourlis has taken over, through a licensing agreement, the Romanian operations of Foot Locker, which has meanwhile reached 3 physical stores on the local market. Fourlis also owns the Intersport franchise in Romania.

Giant Qualicaps expands investment in Romania

Pharmaceutical capsule manufacturer Qualicaps is expanding the production capacity of its Bucharest factory by 35%, an investment estimated at over EUR 10 million.

Inaugurated in 2008, the factory operates on a plot of land with an area of about 25,000 square meters located in Bucharest, near Chitila, and produces hard gelatin capsules for pharmaceutical use. The factory also went through an expansion process in 2016, as a result of which production capacity increased by 45%, an investment of EUR 10.4 million.

“Given the fact that the demand for products is increasing, the company is forced to install more production lines in order to increase production capacity. [The aim is] to install additional technological lines in order to increase production capacity, with the factory producing about 10 billion gelatin capsules annually, and the demand for products being increasing,” the documents presented by the company show.

Source: Profit.ro

Ion Țiriac resumes an investment of over EUR 100 million in Brasov

The Țiriac Group, controlled by businessman Ion Țiriac, accuses that one of the most ambitious real estate projects in the center of Brașov, an investment of over EUR 100 million, was unreasonably delayed “by the ambitions of some politicians who refused to submit to the Local Council the extension of the PUZ, coming up with various proposals for a private property area guaranteed by the Constitution”.

Now, the Țiriac Group is resuming the authorization procedures for a large real estate project with a mix of functions in the center of Brașov. The works are scheduled to begin by the end of this year, with the design and authorization processes already initiated.

The Țiriac Group aims to transform this former industrial area of approximately 40,000 sqm into a large-scale residential project. The project is structured in three development phases, and its main component involves the construction of 600 apartments.

Source: Profit.ro

Metroul SA to sell the 16,500 sqm land in Politehnica area to Bîlteanu family

Metroul SA has convened its shareholders to decide on the sale of land in the Politehnica area of Bucharest, on which the real estate developer H4L Development, controlled by the Bîlteanu family, has authorized the construction of a residential complex with about 500 apartments.

Metroul SA shareholders must decide in May on the sale of the land at a price of EUR 7.85 million, according to the purchase offer that the Bîlteanu family made to the company on April 7. The property has an area of 16,500 square meters.

Metroul SA entered into a partnership with H4L Development, based on which the real estate developer obtained last year the building permit necessary for the construction of the West Garden Politehnica residential complex, which has 494 apartments planned and an estimated development value of EUR 47 million. The initial plan was for Metroul SA to receive part of the apartments to be built in exchange for the land.

Source: Profit.ro

AYA Properties Completes First Full Asset Acquisition in Romania

Belgian investment fund AYA Properties has completed its first full acquisition in Romania with the purchase of a 37,000 sqm mixed-use development at Record Park in Cluj-Napoca. The project was developed by real estate company Speedwell.

This follows a previous transaction between the two companies in 2022, when AYA Properties acquired the commercial portion of the Record Park development. That deal, valued at EUR 35 million, was structured as a share deal and included 15,000 square meters of Class A office and retail space, as well as a 2,000 square meter sports club featuring a swimming pool.

Record Park is Cluj-Napoca’s first mixed-use urban regeneration project. Alongside the office, retail, and wellness facilities, the complex also comprises 236 residential units.

Source: Profit.ro

Agropan Impex to build bakery in Iasi

Agropan Impex, operating under the Panifcom brand, one of the largest bakery companies in Moldova area, is taking over a 6.2-hectare plot of land from the former Fortus Iasi industrial platform.

In a business plan proposed in April 2024, Panifcom committed to building a bakery. The company plans to produce bread, rolls, pastries, cakes, pies, pancakes, tarts, waffles, toast and more, according to the cited source. Panifcom is expected to invest RON 120 million in building the factory. After the investment is completed, the facility will employ 88 employees.

“The proposed investment envisages the establishment of a new production unit and the diversification of existing production through new products that were not previously manufactured in the unit and an expansion of production capacity for certain products that are manufactured in the existing production unit,” Panifcom said.

Source: Profit.ro

Penny Romania continues to invest locally

Penny Romania recorded a turnover of RON 9.4 billion in 2024, up by over RON 1 billion compared to the EUR 8.32 billion in 2023. Future plans include record investments, expanding logistics and opening 600 stores in the next decade.

In 2024, Penny Romania invested EUR 177 million in its local network. By the end of the year, the company will have 40 new stores and an additional warehouse in Mihăilești, the fifth in the network, scheduled to become operational in the fall.

The company aims to reach 1,000 stores and cumulative investments of EUR 3 billion by 2035. Currently, the Penny network has 417 stores, and the pace of expansion will continue, with another 40 locations scheduled for 2025.

Historic villa for sale in Bucharest’s Aviatorilor area for around EUR 7 million

A historic villa located on Aviatorilor Boulevard in northern Bucharest has been listed for sale by real estate consultancy Cushman & Wakefield Echinox. Built in 1934 and designed by architect Duiliu Marcu, the property is classified as a historic monument.

The villa underwent structural consolidation and full renovation in 2013. It features a basement, semi-basement, ground floor, and two upper levels, offering primarily class A office space alongside a residential apartment on the top floor.

According to Raluca Plaviţă, Head of Residential Agency at Cushman & Wakefield Echinox, the villa exemplifies the characteristics sought by investors in Bucharest’s high-end residential and office segment: a central and prestigious location, modern amenities, and architectural authenticity. She noted that prime properties in areas like Kiseleff, Aviatorilor, Primăverii, and Dorobanți are highly sought after, with price variations depending on the property’s size, features, and specific location.

The villa’s total built area is 715 square meters, set on a nearly 800-square-meter plot, with approximately 600 square meters of garden space.

Terme Olimia completes rernovation of hotel and spa facilities in Croatia

Slovenian hotel owner and operator Terme Olimia said it has completed a EUR 27 million euro (USD 30 million) renovation of the hotel and spa capacities of its Croatian subsidiary, Terme Tuhelj.

“This largest investment by a Slovenian company in Croatian tourism makes us one of the most innovative and sustainable destinations in the region,” Terme Olimia said in a note on its Linkedin profile.

Terme Tuhelj is located in Tuheljske Toplice, northwestern Croatia, near the border with Slovenia.

Dedeman Expands National Network with New Store in Alexandria

Dedeman has opened its 64th store in Romania, marking its first location in Teleorman County. The new store in Alexandria strengthens the company’s national presence and represents an investment of €15.5 million.

The site covers approximately 5 hectares and includes a built area of 13,500 square metres. The facility offers dedicated sections for various product categories, including an 845-square-metre space for furniture, a 500-square-metre showroom for sanitary items, tiles, and ceramics, and a 2,000-square-metre greenhouse for gardening and outdoor products. A parking area with 348 spaces is also available for customers.

The store opening has created 136 new jobs in the region.

Dragoș Pavăl, President of Dedeman, highlighted the importance of expanding into Alexandria, noting that the company aims to build lasting relationships with local communities and offer accessible, quality home improvement solutions.

With this opening, Dedeman continues to develop its footprint across Romania, combining retail expansion with community engagement.

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