LPP Romania expands fashion presence with Six Sinsay store openings in a single day

LPP Romania is strengthening its footprint in the country’s fashion retail market with an ambitious expansion, inaugurating six new Sinsay stores in a single day. The latest additions include Sinsay Florești, Sinsay Grand Arena, Sinsay Bacău Supernova, Sinsay Măcin, Sinsay Târgu Mureș Plaza M, and Sinsay Brașov ITC.

With these openings, LPP Romania now operates a total of 245 stores, an impressive milestone considering 60 of them were launched within the past 12 months.

LPP remains one of Central Europe’s fastest-growing fashion retailers, boasting nearly 2,500 stores across 40 countries. The company’s portfolio includes five well-known fashion brands: Reserved, Cropp, House, Mohito, and Sinsay.

The retailer’s logistics operations are also expanding, with its LPP Group facility at CTPark Bucharest West incorporating state-of-the-art conveyor belt systems and automated workstations. Managed by LPP Logistics, the center has a storage capacity of up to 25 million items, supporting the company’s continued growth and operational efficiency in Romania and beyond.

CTP leases 64,000 sqm to logistics services provider Milsped

Czech industrial property developer CTP has leased a total of 64,000 square metres at three of its industrial and logistics parks in Serbia to local logistics services provider Milsped. The leased space spans CTP’s parks in capital of Belgrade, northern city of Novi Sad, and southern city of Nis, bringing Milsped’s overall footprint with CTP to 105,000 sqm.

The new leases mark a substantial expansion in Milsped’s operations and allow the company to address the rising demand for logistics services throughout Serbia and the broader region of Central and Eastern Europe.

CTP is a full-service commercial real estate developer specialising in designing, managing, and delivering custom-built, high-tech business parks across CEE. In Serbia, it manages a total gross leasable area of 600,000 sqm with an additional 200,000 sqm to be delivered in 2025.

PSD announces public consultations for measures to protect clients in real estate transactions

PSD parliamentarians, together with Coalition partners, announce that they will organize public consultations in order to regulate protective measures for clients who conclude sale-purchase deeds with real estate developers.

The consultations will take place at Parliament. Representatives of real estate developers, public notaries and the National Agency for Cadastre and Real Estate Advertising will participate in the discussion.

The aim is to complete the legal framework with regulations that will offer final clients firm and sufficient guarantees for the advances paid in real estate transactions and that will also ensure the development and proper functioning of the profile market in Romania.

PENNY expands national network with new store in Slobozia

Slobozia, February 2025 – PENNY Romania continues its rapid expansion, inaugurating its third store in Slobozia, located at Matei Basarab Boulevard, No. 72. This latest opening follows a year of accelerated growth, during which PENNY surpassed the 400-store milestone and strengthened its nationwide presence. With the addition of the new Slobozia location, the retailer’s network now consists of 417 stores across Romania.

The new store features a sales area of 866.77 square meters and provides 26 parking spaces for customers.

PENNY, part of the German REWE Group, has been one of the most active retailers in Romania since entering the market in 2005. Its operations are supported by four logistics centers in Ștefăneștii de Jos, Turda, Bacău, and Filiași. With a growing network of 417 stores and a workforce of over 7,300 employees, PENNY continues to strengthen its position in the Romanian retail market.

Romania slashes 2025 “New House” program budget by half

The Romanian government has drastically reduced the budget for the “New House” program in 2025, allocating only RON 500 million, a 50% decrease from last year’s EUR 1 billion fund. The program, which provides state-backed guarantees for home loans, aims to support first-time buyers and individuals who own a home smaller than 50 square meters.

Under the program, the state guarantees up to 60% of the loan value, with a minimum down payment of 5% for homes priced under EUR 70,000. If a borrower fails to pay installments for more than 90 days, the bank can request the state to cover the guarantee. However, a key limitation of the program is that beneficiaries cannot opt for a fixed interest rate, exposing them to potential market fluctuations.

Initially launched in 2009 as “First House”, the government-backed scheme has facilitated over 330,875 guarantees and guarantee promises for individuals securing financing for home purchases. Despite its benefits, the reduction in funding raises concerns about fewer approvals and increased competition for limited resources, potentially making homeownership more challenging for many aspiring buyers in Romania.

LPP brings the brands Reserved, Mohito, Cropp, and House to Iulius Mall

LPP, the largest fashion company in Central and Eastern Europe, is accessing Iulius Mall Suceava with four highly anticipated brands. The main shopping and entertainment destination in the north of Romania is completing its offer with Reserved, Mohito, Cropp and House, as part of the expansion project set to bring premiering brands and concepts in the first half of this year. The four stores will span a total area upwards of 3,100 sqm.

LPP is the largest fashion company in Central and Eastern Europe, with 2,275 stores in 39 markets (stationary stores in 28 countries, and online in 34).
The expansion of Iulius Mall Suceava, to be completed in the first half of this year following a EUR 40 million investment, addresses the community’s appetite for access to the latest shopping concepts, modern experiences and renowned brands available at affordable price points.

Upon completion of the Iulius Mall Suceava expansion, customers will have access to a 60,000 sqm area for shopping, with new international brands for the first time in the region, drive-thru restaurants, coffee shops, a gym, and various other leisure options. Other novelties featured in the project include green spaces, new access routes, as well as increasing the available parking capacity upwards of 2,400 parking spaces.

Stock.estate: Romanians’ appetite for investment is growing considerably

Licensed in autumn 2023 by the ASF and launched for trading in January 2024, Stock.estate reports strong results one year after the first transaction on the platform. Basically, around 15% of Stock.estate users have become investors in local real estate products.

Stock.estate is a crowdfunding platform – the first of its kind authorized by ASF in Romania and the only locally operational platform. The objective of Stock.estate is to offer investors the opportunity to invest in the real estate sector in the amount they have available, with a minimum amount of 100 euros. The investment in the Stock.estate platform amounts to more than half a million euros so far.

“We are still a nascent culture in terms of investment tools, it’s true, but we firmly believe that Romanians will be increasingly open to investments of all kinds. We have been observing their increased interest in the investment area for about five years now, and the results of the first year of our platform validate Romanians’ appetite for new investments,” says Vicențiu Vlad – Co-Founder & CEO – Stock.estate.

The platform’s figures count more than 1,500 people enrolled in the platform (i.e., people who have created an account in the platform and have permanently accessed the information on the use of the financial investment tool), more than 200 of them have made direct investments in the platform, and their transactions amount to more than 550 shares – with a total value of more than 750,000 euro.

“The best news of our first results is exactly related to the investors who have become active, some of them recurrently returning to new investments. The percentage of almost 15% of active investors on the platform gives us tremendous confidence that Romanians are increasingly interested in real estate investments. The fact that more than 1,500 users are constantly returning to Stock.estate for information is another extremely positive indicator for the collective investment decision. For example, a certain user decided to invest after a year of constant information on our platform, and we are happy that correct information is developing so much in Romania”, explains Vlad.

The crowdfunding market in Romania has significant potential, estimated at around €200 million, thanks to the steady interest growth from investors and entrepreneurs.

“With recent regulation facilitating access and protecting investors, crowdfunding platforms in Romania, such as Stock.estate, have started to gain traction, providing funding opportunities for the real estate market. This platform democratizes access to capital and enables market validation and project marketing, thus contributing to developing a dynamic entrepreneurial ecosystem”, says Alexandru Constantin – Co-Founder & CTO – of Stock.estate.
According to the co-founders, the company’s expectations for the next year of activity on the Romanian market foresee a growth of over 300%, given the increased interest of local investors.

SPEEDWELL Development appoints Maria Jianu as Leasing Director

SPEEDWELL Development announces the appointment of Maria Jianu as Leasing Director. Maria will work closely with Andreea Comșa, SPEEDWELL’s Commercial Director and will actively contribute to expanding and strengthening the company’s tenant pool in its commercial projects including QUEENS District, SpacePlus and Paltim.

Maria Jianu has an impressive track record, managing leasing strategies for over 300,000 square meters of office space in her previous roles. Involved in initiatives around sustainability, digitization and marketing, she has facilitated strategic partnerships that have brought long-term value to the projects and business communities where she worked.

”I am thrilled to have Maria join the Speedwell Superteam. Her professional knowhow and track record, combined with her drive and enthusiasm, represent the values that Speedwell stands for. Maria’s focus on customer care is a continuation of Speedwell’s belief that tenants choose and remain with a landlord, not (only) because of a high-tech efficient building, but more importantly because of the community-focused approach of the landlord, ensuring tenant employees’ wellbeing and the resulting organic move to increased presence in the office. ESG is not only about E, Maria brings the S to the mix to brew the perfect recipe for our tenants,” points Didier Balcaen, Co-Founder and CEO of SPEEDWELL Development

In her new role, Maria Jianu will have a significant impact on the leasing strategy of SPEEDWELL Development projects, focusing on creating a balanced tenant mix of well-known brands and emerging companies. She will also develop strategic partnerships designed to improve the tenant experience, helping to create dynamic communities.

“Maria is an experienced commercial leasing professional with a valuable skill set acquired over the years. Given the complexity of SPEEDWELL’s projects and our medium and long term ambitions, it is essential to have a professional with a solid background who understands the market in detail and can provide tailored solutions to meet the needs of our clients. Her over 7 years of experience in managing complex portfolios and signing leases for more than 30,000 square meters in the last two years is a major asset for our team. We are confident that Maria will bring added value to our projects through her innovative approaches and ability to build long-lasting strategic partnerships,” adds Andreea Comșa, Commercial Director at SPEEDWELL Development

The decision to appoint Maria Jianu as Leasing Director comes at one of the most effervescent times for SPEEDWELL, as the company accelerates the development of ongoing projects and focuses its attention towards ambitious new initiatives both in Romania and in Poland.

“I am thrilled to collaborate with a team of esteemed professionals renowned for their ability to deliver unique, future-proof projects. SPEEDWELL stands as a major industry player with a diverse portfolio and a clear vision rooted in innovation and sustainability. The opportunity to support its growth and contribute to the development of a dedicated, success-driven team is both a challenge and an honor—one that I wholeheartedly embrace,” says Maria Jianu, Leasing Director at SPEEDWELL Development.

ATALIAN ROMANIA closes 2024 with EUR 29,500,000 turnover and EUR 2,300,000 EBITDA

In 2024 ATALIAN Romania achieves EUR 2,300,000 EBITDA and EUR 1,050,000 net profit after a turnover of EUR 29,500,000, becoming market leader in Facility Management, in terms of turnover, profitability and productivity.

Atalian Romania closed 2024 with a 26.5% increase in turnover compared to the 2023 financial results which were the actual figures considered for the Top SME 2024 awards, i.e. a turnover of EUR 23,330,000, a net profit of EUR 950,000 with an annual average of 735 employees.

Currently, Atalian Romania manages more than 300 working points: 80 office buildings, 10 factories, a residential complex and a supermarket chain.

“Performance through quality is what we always want to characterize us, and it has remained our main objective all these years. Behind this reality, there is our forever young team and when I say “young”, I don’t talk about their age, but rather their ability to continuously adapt and show their desire to always put new things and ideas into practice. In Facility Management, the challenges change permanently, but a constant one remains people’s development. Here, at ATALIAN, we rely mainly on skills, not experience. While experience can be gained through practice, attracting the right attitudes is the most important thing to us. To be able to work so much in such an industry, you first need to like to start from scratch every single day, to meet new opportunities and to have the maturity to adapt to the market,” said Cora Cristescu, CEO of Atalian Romania.

Coca-Cola HBC Romania relocates headquarters to Globalworth Campus

Developer Globalworth announced that it has handed over the new office space of Coca-Cola HBC Romania, which leased 4,500 square meters of office space in building B of Globalworth Campus, close to the Pipera metro station.

Globalworth announced in the summer of 2023 that it had signed a major lease agreement with Coca Cola HBC Romania for a space of 4,500 square meters in the Globalworth Campus B building, for a period of ten years.

The new headquarters spans two floors, has workstations and a logistics warehouse on the ground floor for the company’s essential needs.

Source: economica.net

LATEST NEWS