Busch Group expands its presence in Romania

The Busch Group, which includes Busch Vacuuum Romania, Composites Busch Romania and Pfeiffer Vacuum Romania, has decided to strengthen its presence on the local market through new investments in the Nervia Industrial Park in Apahida, Cluj County.

At the beginning of December, Pfeiffer Vacuum Romania inaugurated an extension of the production building by approximately 12,000 square meters. Parts made of state-of-the-art composite materials will be produced in this space.

“This new unit will give us the capacity and opportunity to expand our presence on the market in a competitive and qualitative way,” said Ahmet Muderris, CEO of Composites Busch.

Montenegro opens EUR 3.2 mln tender for Tara bridge construction

Montenegro has opened a EUR 3.2 million tender for the revamp of the Mojkovac-Vragodo road section in the country’s north that includes the construction of a bridge on the Tara river, the according to the government’s transport administration.

The section is part of the Mojkovac-Lubnice road. The bridge will be built close to the village of Podbisce, south of Mojkovac, the transport administration said in a tender notice.

The bidding deadline expires on January 14, the statement read. The required construction works should be completed within 14 to 24 months.

Leroy Merlin leases 8,800 sqm at CTPark Bucharest West

CTP announces that Leroy Merlin Romania, one of the leading players in the DIY market, has leased 8,800 sqm within CTPark Bucharest West, strengthening its logistics operations in one of Europe’s most significant industrial hubs.

Ionuț Anghel, Regional Development Manager CTP Romania, said: “We are delighted to support Leroy Merlin’s expansion to CTPark Bucharest West, the largest industrial park in Europe. This collaboration highlights our commitment to providing top-tier spaces and solutions for leading companies like Leroy Merlin, seeking to optimize their operations and expand their presence in Romania. CTPark Bucharest West is more than just an industrial park – it’s a place where businesses thrive thanks to the facilities and community we have built here”.

Ionut Vasile, Supply Chain Leader at Leroy Merlin Romania, said: “We have decided to expand our logistics operations at CTPark Bucharest West primarily for strategic reasons. The demand for Leroy Merlin products in Romania is on the rise, and customers’ growing preference for diversity and quality at competitive prices is increasingly evident. Therefore, we need a suitable space that can accommodate both current and future volumes. Specifically, this expansion will help us optimize fulfilment processes for our kitchen and sanitary product ranges and allow us to prepare in advance for the gardening season—an area that has been exceptionally well-received this year and is projected to achieve similar success in 2025”.

With approximately 857,000 sqm of existing space and a planned total of nearly 1.5 million leasable square meters, CTPark Bucharest West is the largest industrial park in Europe. Strategically located on the A1 motorway, just a few kilometres from Bucharest, the park offers excellent access to a growing population and international markets through swift connections to the Port of Constanța on the Black Sea.

Cushman & Wakefield advised Leroy Merlin on this lease agreement.

Flanco invested RON 5.5 million in remodeling, rebranding and new stores

The electroIT retailer Flanco will reach 16 stores remodeled and rebranded as Flanco Smart Discounter by the end of this year, exceeding the objective announced in the first part of the year. The company also opened a unit in Ploiești, and the investments in remodeling amounted to RON 5.5 million.

The new store in Ploiești is located in the Prahova Value Centre shopping complex. With the opening of the new store in Ploiești, the retailer reaches 13 Flanco Smart Discounter stores. By the end of the year, it has three more openings planned, in Târgu-Frumos, Codlea and Huși, these cities adding to the other eight where the new brand identity is already visible: Bucharest, Ploiești, Pitești, Constanța, Brașov, Suceava, Focșani, Râmnicu-Vâlcea.

“Malls and large shopping centers remain the main focus for expanding our network. This year we aimed to redevelop, in accordance with the new identity, important stores for our network, most of which are located in large shopping centers. At the same time, we continue to enter small towns, where customers need our products and advice,” says Ovidiu Nicușan, Flanco Marketing Director.

Source: economica.net

Forte Partners postpones sale of Adobe headquarters

Real estate developer Forte Partners is postponing the decision to put the U Center 2 office building, the new headquarters of the American giant Adobe, up for sale, and is focusing on preparing the third phase of the project in the Bucharest Tineretului area.

The investor completed the second phase of the U Center project a year ago and recently finalized the full lease of the office building, conditions it had to meet in order to decide to put the building up for sale.

“We have not put the building up for sale and we will not do so for a while. We are waiting to see which direction interest rates and prices will take it. The tenants have moved in, but we are not putting it up for sale yet. We will put it up for sale at the right time. For now, we are holding on to it. We will also do U Center 3 and then we will see. Work on U Center 3, which will be offices with residential, will probably begin in the middle of next year. For now, we are in the authorization process,” said Geo Mărgescu, CEO of Forte Partners.

Source: Profit.ro

Spanish group Hercesa prepares to demolish Farmavet warehouses

Spanish group Hercesa is preparing to demolish the former supply base of veterinary product distributor Farmavet, purchased from businessman Sorin Paul Stănescu. The company wants to start a first stage of the expansion of the Vivenda Residencias housing complex in a few months.

The Spanish investors bought the property this summer for EUR 1.85 million. It is located in the Morarilor area of Sector 2, right next to the former Titan bread factory, in its place where Hercesa has so far developed 1,000 apartments.

Source: Profit.ro

Techbolide moves headquarters to Business Garden Bucharest

Techbolide, the software and IoT technologies developer specializing in waste management and business process digitalization, has announced its relocation to the sustainable office complex Business Garden Bucharest.

“Moving into a modern office space marks an important step in our company’s rapid growth and development over the past years. We aim to continue expanding our business in a work environment that allows us to meet future challenges with agility and efficiency while staying true to our core values. Choosing a certified energy-efficient space that aligns with the same sustainability standards we apply in our projects emphasizes our vision of excellence and responsibility. A recent example of this is our involvement, alongside project leader Ax Perpetuum, in the large-scale initiative of digitalized ecological islands funded by the PNRR”, said Mădălina Smochină, CEO of Techbolide.

Techbolide was assisted in the lease transaction by 108 REAL ESTATE, a commercial real estate expert with extensive experience in Central and Eastern Europe.

“We are honoured to collaborate with Techbolide, a company that shares our values of sustainability and efficiency. Business Garden Bucharest was designed to provide a modern work environment certified for energy efficiency and minimal environmental impact, perfectly aligned with our partners’ vision,” stated Sorin Macoveiu, Commercial Manager at Vastint Romania, developer and administrator of the complex.

INVL Baltic Sea Growth Fund signs agreement to acquire the Pehart Group in Romania

INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, has signed an agreement to acquire shares in Pehart Group, a leading producer of household and industrial paper products in Romania and owner of the oldest paper factory in Romania with a 187-year tradition.

The transaction with Abris Capital Partners is expected to be completed in the first quarter of 2025, subject to obtaining the necessary regulatory approvals and fulfilling other conditions stipulated in the agreement.

”In continuing the development strategy of our company, we are looking forward to this new partnership with INVL Baltic Sea Growth Fund. Pehart Group, a Romanian brand with a lasting tradition and a history strongly linked to the beginning of consumer paper processing in Romania, had a remarkable evolution in the past years alongside a valued partner on this journey, and for that we thank Abris Capital Partners. We are ready to leverage the growth opportunities and enhance our market position together with our new partner. We will continue to focus on operational excellence, creating value for consumers and extending our position in the region. The confidence that INVL Baltic Sea Growth Fund has shown in our vision and potential is a testament to the value and performance of our team”, said Gabriel Stanciu, CEO Pehart Group.

“Partnership has always been central to our philosophy, and we’re thrilled at the prospect of collaborating with the Pehart Group’s management team. Upon successful completion of the transaction, Pehart Group will become the tenth portfolio investment of the INVL Baltic Sea Growth Fund, marking a significant milestone in completing the fund’s portfolio. The fund is committed to implementing strategies that drive operational excellence, create long-term value for all stakeholders and build industry leaders in the region. We are excited to support the management team in strengthening Pehart Group’s market leadership and driving its next phase of growth”, – said Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund.

REGINA MARIA relocates Policlinica Baneasa in Baneasa Airport Tower

REGINA MARIA continues to invest in improving the quality of services offered to patients and announces the relocation of the Policlinica Băneasa clinic to a new, modern and more spacious location, located in the Băneasa Airport Tower building, part of CPI Romania’s portfolio.

After more than 16 years of activity in a location that could no longer provide the current standards of innovation and development desired by patients, the new clinic provides them with state-of-the-art equipment and an optimized space for an extended range of consultations and investigations. Following an investment of EUR 5 million, this relocation underlines REGINA MARIA’s commitment to the quality of medical care and its vision to ensure that patients have access to the most advanced medical services and specialties, provided by the best doctors in the northern part of Bucharest.

Policlinica Băneasa in the Băneasa Airport Tower building will have 38 consultation rooms, in which more than 100 doctors will work, the space being designed to accommodate up to 25 medical specialties.

The Băneasa Airport Tower building has a leasable area of 7,000 square meters, divided into nine levels: two underground, ground floor, plus six floors above ground. By being located close to Băneasa Airport, the building offers quick access to DN1 and Henri Coandă International Airport. In 2021, the building underwent an extensive modernization process that enabled full DEKRA and Acces4You certification.

“The old space no longer meets the demands of our subscribers and patients. The relocation of Policlinica Băneasa means for us a natural and mandatory upgrade in terms of quality. The new space provides easier access in one of our longest-established locations and a number of benefits, such as: new specialties, advanced technologies and integrated medical services, all provided by a dedicated team of specialists”, says Fady Chreih, CEO REGINA MARIA.

“We are pleased that REGINA MARIA, the leader in quality health care in Romania, has chosen our building, which offers the right infrastructure for the delivery of medical services in the best conditions. This confirms a trend that CPI Romania has been anticipating since the pandemic: bringing healthcare closer to the people. We have therefore invested in transforming our projects into multifunctional spaces, and today our tenant portfolio includes clinics and hospitals”, says Fulga Dinu, Country Manager CPI România.

As part of the diversification of services, Policlinica Băneasa will include a special set of tests and investigations for obtaining international visas, such as those for the United States. For the convenience of patients, the clinic has parking spaces located in front of the building, facilitating quick access to services.

Scandinavians from JYSK open new store in Beius

The Scandinavian furniture and home products retailer opened a new store in Beiuș. The company thus reaches 144 units in Romania. The new store in Beiuș has a total area of 1095 square meters.

“The first JYSK store in Romania was opened 17 years ago in Oradea. The JYSK story in Romania therefore began in Bihor County. We are happy that we are now adding another locality in the county to the list of cities where we are present and that we will be closer to customers in Beiuș and nearby localities. The expansion process is very important for JYSK, we believe in proximity to the customer and we believe it is important to have stores in both large cities and small and medium-sized towns,” says Iraida Paiuc, Sales and Marketing Manager JYSK Romania and Bulgaria

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