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.