Romanian Post leases 5,000 sqm in the CTPark Bucharest logistics project

CTP has initialed a new strategic partnership with the National Company “Romanian Post”. Starting with the spring of this year, Romanian Post temporarily leased a space of over 5,000 sqm for the activity of the Bucharest Regional Logistics and Courier Hub, in the CTPark Bucharest industrial park, located in the west of the Capital, on the A1 Highway at km 13.

The National Company “Romanian Post” is currently in a historic process of modernization and optimization of the logistics infrastructure, investing over RON 80 million in the renovation and development of regional hubs, and also in the endowment with state-of-the-art sorting equipment.

“We are pleased to host Romanian Post in our community in CTPark Bucharest and to contribute, through our quality infrastructure, to the streamlining of the logistics activities of a key player in the field of postal and courier services. It is a collaboration that reflects the growing trust of Romanian companies in CTP standards,” said Nicoleta Gavrilă, Senior Business Developer at CTP Romania.

Carrefour closes the hypermarket in the Sun Plaza mall in southern Bucharest

Carrefour is closing its store in the Sun Plaza mall in southern Bucharest next month, which it had purchased from Cora, saying that the mall is being remodeled, and this means freeing up space for a long period of time, and therefore “can no longer ensure the continuity of the shopping experience.”

The store in Sun Plaza is a former Cora. The area is large, the store has about 12,000 square meters. Carrefour has massively reduced the area of another Cora store after the takeover, Cora Lujerului in the west of the city. Thus, when it reopened it last fall under the Carrefour brand, the store was left with a sales area of 7,656 square meters, being over 6,300 square meters smaller than the former Cora that opened its doors in 2005.

Source: economica.net

Wendy’s opens first location in Bucharest

The American fast-food restaurant chain Wendy’s has opened its first location in Bucharest, in the Mega Mall shopping center. Customers lined up an hour before the official opening to take advantage of the 50% discount granted to the first 100 customers.

Wendy’s wants to open 100 restaurants in Romania in the next 5 years, with an investment of USD 200 million. The next restaurant will open in Ploiești, in July.

Currently, 30 employees work at the Bucharest restaurant. In the Mega Mall kitchen also work employees brought in from Canada to teach Romanians how to make the dishes.

The Wendy’s restaurant chain has over 7,000 restaurants worldwide, of which over 1,300 are located outside the United States.

Source: wall-street.ro

Pavăl brothers acquire Ethos House office building in Bucharest

Entrepreneurs Dragoș and Adrian Pavăl, owners of Dedeman, have bought the Ethos House office building in the Floreasca district of Bucharest from Greek businessman Anastasios Gkotsis. The transaction is estimated at EUR 24-25 million.

Anastasios Gkotsis built the Ethos House office building in the Floreasca area in 2014, following an investment of about EUR 8 million. Companies such as Arval, BNP Paribas Cardif, Forte Partners, Crosspoint Real Estate and the French Chamber of Commerce, Industry and Agriculture in Romania are headquartered here.

The building has a leasable area of about 8,000 square meters distributed on the ground floor and seven floors above ground.

Source: Profit.ro

Tchibo Brands Romania moves its office to Business Garden Bucharest

Vastint Romania has concluded a new lease agreement with Tchibo Brands Romania, which is relocating its headquarters to Business Garden Bucharest, Building A, 4th floor, occupying a space of 1,130 sqm.

Tchibo entered the Romanian market in 1997, when the first coffee imports were made. Since then, Tchibo products have become an essential element in the shopping cart of Romanian consumers, the company becoming one of the main players in the local coffee market.

“Considering that sustainability is an essential pillar of our identity, and our efforts in this direction have been repeatedly recognized through various distinctions, it gives us great pleasure to announce the move to a new space – Business Garden Bucharest. This office project fully complies with ESG criteria, reflecting our values. The new headquarters offers us the opportunity to expand our team and continue to deliver coffee experiences at the highest level to our consumers, in which tradition and joy are harmoniously intertwined”, said Marian Ene, General Manager Tchibo Brands Romania & Bulgaria.

The rental transaction was facilitated by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate alliance.

“Tchibo, in the process of relocating its headquarters and consolidating its business with a new IT&C division, was looking for a state-of-the-art office building that would comply with ESG criteria and would have as many facilities as possible. Business Garden Bucharest meets all these conditions and, in addition, is owned by an experienced international developer, which also represents a guarantee. For this reason, the tenant signed a contract for a very long period”, says Nicolae Ciobanu, Managing Partner – Head of Advisory, Fortim Trusted Advisors, member of the BNP Paribas Real Estate alliance.

“We are pleased to see that our investments in green buildings are appreciated by the most important international players, active in all business areas, which is reflected in the very diversified portfolio of tenants we have attracted in the last year. Among the elements that contribute to the attractiveness of our projects is the extensive range of activities, services and facilities dedicated to employees – from sports fields and recurring internal events, to an in-house radio station and an interesting mix of retailers”, said Sorin Macoveiu, Commercial Director of Vastint Romania.

Romcim acquires two concrete production plants from BCC Agregate Betoane SRL

Cement producer Romcim, owned by the Irish from CRH, has completed the acquisition of two concrete production plants from BCC Agregate Betoane SRL, located in Miroslava and Iaşi, the transaction being approved by the Competition Council.

“We are constantly attentive to the needs of our customers from all market segments, with activity in the development of residential, non-residential projects or large infrastructure works. Proximity is an essential factor in the construction industry and we are pleased that these two concrete production plants in the northeast of the country allow us to offer faster services and accelerate the adoption of sustainable solutions, such as CEVO, our range of concretes with lower CO2 emissions,” said Frederic Aubet, Managing Director of ROMCIM.

Knauf to open glass mineral wool factory in Romania this June

German construction materials manufacturer Knauf Group will open a new glass mineral wool factory this June in Târnăveni, Mureș County, through its subsidiary Knauf Insulation. The facility, described as the most modern of its kind in Central and Eastern Europe, represents an investment of EUR 140 million.

The plant is expected to produce over 75,000 tons of mineral wool annually, serving both the Romanian market and other countries in Central and Eastern Europe.

Earlier this year, in February, Knauf Group also received a construction permit for another factory in Huedin, Cluj County. This project, carried out by its Knauf Gips subsidiary, involves an investment of more than EUR 75 million and is described as the largest investment in this sector in Cluj.

Architect Bogdan Alexandru Pintilie advances two residential developments in Central Bucharest

Architect Bogdan Alexandru Pintilie, founder and principal associate of Pintilie + Partners Architecture & Engineering (PPAE), is moving forward with two residential developments in Bucharest’s Icoanei area, a historic neighborhood located in the city center. The more advanced of the two projects is located at 48 Toamnei Street. Developed in collaboration with Călin-Felix Pintilie, the building comprises a basement, ground floor, and three upper levels, with a total area of approximately 1,000 square meters. Construction of this building is already complete.

The second project, situated less than a kilometer away, is being developed in partnership with Alexandru-Mihai and Cristian Butoi. The design includes a basement, ground floor, two floors, and a recessed third floor, covering about 1,200 square meters. This project is currently in the permitting phase and will replace an existing deteriorated house. Both developments are being carried out under the Pintilie Properties brand, the real estate development arm associated with the architect’s practice.

Source: Profit.ro

Croatian street food chain Koykan seeks EUR 3 million via bond sale for regional expansion

Croatian restaurant chain Koykan is aiming to raise EUR 3 million through a corporate bond issue to support its expansion plans across Central and Eastern Europe. The funding will help open new company-owned and franchise-operated outlets in seven countries over the next three years.

According to Dino Besic, Head of Marketing and Sales, 58% of the target amount has already been subscribed, with the offer still open to retail investors.

The bond carries an annual interest rate of 8%, paid semi-annually, and has a three-year maturity. Investors can choose between a standard bond with a EUR 1,000 minimum or a convertible bond—offering co-ownership in the company—with a minimum of EUR 50,000.

Koykan plans to launch 15 new locations by the end of 2026 in Germany, Austria, the Czech Republic, Slovakia, Hungary, Slovenia, and Croatia.

Petrom and CE Oltenia signed the execution contracts for four photovoltaic parks

OMV Petrom, the largest integrated energy producer in South-Eastern Europe, in partnership with the Oltenia Energy Complex (CE Oltenia), announces the signing of the design and execution contracts for four photovoltaic parks.

The four projects have a total installed capacity of approximately 550 MW. The parks will be built on land belonging to CE Oltenia, in Gorj and Dolj counties.

The electricity produced will be delivered to the National Energy System and is estimated to cover the equivalent annual electricity consumption of approximately 410,000 homes in Romania1.

Two contractors have been selected to implement the projects. The total investment value for the four photovoltaic parks exceeds EUR 400 million.