Popeyes opens its first restaurant in Constanta

The fast-food restaurant chain Popeyes will open its first unit in Constanta this month, this being the sixth city in Romania where Popeyes is expanding its presence, outside the Capital, after Pitești, Craiova, Buzău, Ploiești and Brașov. The opening will take place in the food-court area of the City Park Mall Constanta shopping center.

Popeyes has 4,700 restaurants worldwide and 12 in Romania. Popeyes entered Romania in 2022 in Bucharest, where it opened six restaurants in turn.

“The opening of the sixth Popeyes restaurant outside Bucharest is part of a broad development plan for 2024 in Romania, so we are focusing all our efforts on our new restaurant in Constanta. We are convinced that the residents here will appreciate the unique flavors of Louisiana chicken, as has already happened in Bucharest, Pitești, Craiova, Buzău, Ploiești and Brașov,” said Jakub Aleksandrowicz, Marketing Director Popeyes Central and Eastern Europe.

Praktiker Real Estate Romania acquires the Muntenia Business Center office building

Praktiker Real Estate Romania has successfully completed the acquisition of Muntenia Business Center, the office building located on Splaiul Unirii, No. 16, with a total area of 9,750 sq m. The transaction value amounted to approximately EUR 8 million.

The property was acquired from Voluthema Property Developer, a company owned by Longshield Investment Group, known for its involvement in the development of landmark projects in the real estate sector.

The real estate company Crosspoint Real Estate, a partner in Romania of Savills International, exclusively assisted Voluthema Property Developer in the sale process of the Muntenia Business Center office building.

Dedeman opens new store, investment of approximately EUR 15 million

The DIY retailer Dedeman, owned by Dragoș and Adrian Pavăl, has opened its new store in Pașcani, the third in Iași County and the 63rd nationwide. Located on a plot of land with an area of over 48,000 square meters, the new store involved a total investment of approximately EUR 15 million. This amount includes the purchase price of the land, the costs of construction works, the development of commercial areas, offices and a generous parking lot with 364 spaces, as well as the purchase of equipment and product stocks.

The store in Pașcani is the second opened this year, after the one in Arad. The Dedeman network has 63 stores spread across all counties of the country, except Teleorman and Giurgiu. The DIY network also benefits from 5 logistics centers, its own car park and has over 13,000 employees.

Source: Profit.ro

OLX Expands its office space in America House by 717 sqm

America House announces the extension of its lease agreement with OLX and an increase in office space of 43%, reaching a total area of 1,663 sqm.

“We are pleased to announce the expansion of our office space in the America House building. Over the past 8+ years in this building, our team members have appreciated the excellent location, the available facilities, and the improvements made to the building by the America House management team.” said Andrei Dumuta, General Manager OLX Motors Romania

“We’re grateful for the trust our tenants place in us and proud to support their expansion. After the refurbishment, we’re always looking to add new amenities and benefits for our tenant’s employees, like the new guest’s management system in the building APP, to discounts at the World Class gym, the ground-floor restaurants, cafes and other services, and a free bike rental system, exclusive for our tenants,” said David Hay, founder and CEO of ADD Value Management SRL.

America House has a total area of 28,806 sqm of Class A office and prime retail spaces, distributed across 8 above-ground floors, with 368 parking spaces located on 3 underground parking levels.

LPP Logistics expands distribution center in Romania

Polish group LPP has expanded the group’s first external distribution center, opened at the beginning of the year in CTPark Bucharest West, by another 42,000 square meters. After the expansion is completed, the center has reached an area of 91,000 square meters, allowing the shipment of up to 6 million items per week.

The expansion is part of the company’s strategy to increase the storage space managed by LPP Logistics to 700,000 square meters by the end of 2025. The company plans to spend EUR 105 million over two years to achieve this goal.

Polish group LPP has been present on the local market since 2007 and owns a network of over 200 stores in Romania under five brands: Reserved, Cropp, Mohito, House and Sinsay.

Source: Profit.ro

A Spectacular Evening at the CIJ Awards Romania 2024

The CIJ Awards Romania 2024 delivered an unforgettable evening, bringing together the brightest stars of the real estate and property investment industry. Hosted in the sophisticated surroundings of the Radisson Blu Bucharest, the event celebrated excellence across the sector, with leading developers, investors, architects, and professionals gathering to honor remarkable achievements in various categories.

The awards highlighted innovative projects, visionary leadership, and groundbreaking developments that continue to shape Romania’s dynamic real estate landscape. With a record-breaking number of entries and attendees, the 2024 edition reflected the industry’s growing competitiveness and sophistication. The evening featured inspiring speeches, invaluable networking opportunities, and a collective dedication to raising industry standards, solidifying the CIJ Awards as a flagship event on the sector’s annual calendar.

A heartfelt thank you goes to Iulia Parlea, one of Romania’s most esteemed TV presenters, who masterfully hosted the evening, and to Nicoleta Nuca, a celebrated pop musician from Bucharest, whose captivating performance added a memorable touch to the event. Together, they made the CIJ Awards Romania 2024 an extraordinary celebration of talent, innovation, and excellence.

This year’s Winners:

Best Office Development of the Year – AFI Loft by AFI Europe
Best Office Refurbishment of the Year- Corner Office Building by Global Vision
Best Office Buildup In Development – Timpuri Noi Square, Phase 2 by Vastint Romani
Best Retail Development & Developer of the Year – Arges Mall by Prime Kapital
Best Warehouse Development & Developer of the Year – VGP Park Brasov, Inter Cars by VGP Romania
Best Warehouse Buildup in Development – CTPark Bucharest West, BUW 24 by CTP
Best Standard Residential Development of the Year – Vulcan Residence by NEPI Rockcastle
Best Premium Residential Development of the Year – Nusco City by Nusco
Best Residential Developer of the Year – Speedwell
Best Residential Buildup In Development – The Meadows by Speedwell
Best Commercial Design FIT-OUT (Project) of the Year – Coca Cola HQ @ Globalworth Campus B / Floors 4 & 12 by WEMAT Global
Best Leading Green Development & Developer of the Year – Shopping Centers portfolio by NEPI Rockcastle
Best Investment Transaction of the Year
M Core – Mitiska 25 retail parks portfolio by Mitiska REIM (EUR 219 million)
Best Land Transaction of the Year – HILS Development – 12 ha (Preciziei) by Roca
Best Office Lease of the Year – Pragmatic Play (12,200 sqm) at AFI Tech Park 2
Best Office Renewal of the Year – Genpact (29,104 sqm) at Hermes Business Campus
Best Retail Lease of the Year – Primark (5,000 sqm ) at VIVO! Cluj-Napoca
Best Warehouse Lease of the Year – LPP (24,000 sqm) at CTPark Bucharest West
Best International Commercial RE Agency of the Year – Cushman & Wakefield Echinox
Best Local Commercial RE Agency of the Year – Fortim Trusted Advisors
Best Residential RE Agency of the Year – North Bucharest Investments
Best Commercial Design Space Company of the Year – Theta Furniture & More
Best Property Management Company of the Year – Colliers
Best Constructor of the Year – Bog’Art
Best Real Estate Law Firm of the Year – Biris Goran
Best Tax & Financial Advisory of the Year – Biris Goran
Best Project Management Company of the Year – Optim Project Management
Best Facility Management Company of the Year – Coral Construct
Best Architectural Firm of the Year – Chapman Taylor
Best Coworking Brand of the Year – Mindspace
Best Facades Solution Provider of the Year – Alumil
Best Sustainable Photovoltaics Systems Providers of the Year – WIREN
Best Marketing & PR Professional of the Year – Eliza Onica, Vastint Romania
Best Property Leadership of the Year – Ema Iftimie. Globalworth

As the CIJ Awards Romania 2024 came to a close, it left attendees inspired and motivated for the year ahead, reinforcing its position as one of the most anticipated events in the real estate calendar.

The winners of the competition were selected in a three-stage voting jury committee process. These being a selected jury committee of 40+ recognised experts from the real estate, investment, architectural and construction industries.

The winners of each individual categories also advance as nominations for the Best of the Best CIJ HOF (Hall of Fame) Awards in 2025. The Hall of Fame Awards is the climax to the CIJ Awards series, pitting the winning projects and companies from around Central & Eastern Europe against each other to determine who the Best of the Best really are.

About CIJ EUROPE:
For almost 30 years, CIJ EUROPE has been reporting on new projects, properties, transactions and development initiatives, while also providing commentaries and detailed analyses of the market, statistics and information on the latest trends in Northern, Central and Eastern Europe and in the international real estate development community. It presents interviews with the people who shape the industry, influential politicians, and key officials who decide on planning and public tenders. It is an important and reliable source of information about the development, property and construction industry in CEE and Europe.

Thinslices relocated its headquarters in the Palas complex IT hub

A new company joined the IT hub in downtown Iași, developed by IULIUS in the Palas mixed-use project. Thinslices, a tech company incorporated in Iași, with operations in Berlin, Lisbon and London, has relocated its headquarters in the United Business Center 2 (UBC 2) office building, and is currently recruiting specialists. The Thinslices team develops IT solutions for projects in fields such as fintech, financial audit, energy and telecommunication management.

The new Thinslices office spans an area of approximately 500 square meters and currently accommodates 60 professionals, and the expansion plans are geared towards long-term growth. By the end of 2025, the company intends to form a team of 130 specialists.

Ștefan Sârbu, Thinslices CEO: “This change reflects our commitment to offering top tier product development services and consolidates our clients’ confidence. The relocation enables us to provide a modern and inspiring workplace for our colleagues who want to be on site, thus catering to their need for flexibility and collaboration. This relocation also supports the expansion of our operating capabilities, creating opportunities for growth and innovation for the team and the company alike.”

Hercesa Romania obtains the occupancy permit for the first building in Stellaris Residencias

Hercesa Romania announces that the occupancy permit for the first building in Phase 1 of the Stellaris Residencias project, developed near Steaua Stadium in Bucharest, has recently been obtained, a year and a half after the start of construction works.

“Obtaining the occupancy permit for the first building of Stellaris Residencias marks an important milestone for Hercesa’s activities in Romania in 2024, the year we celebrate two decades of presence in the local market,” said Alejandro Solano, General Manager of Hercesa Internacional. “Our project near Steaua Stadium is designed for long-term development, in stages, an approach that characterizes us and demonstrates our firm commitment to Romania, which is the second-largest market in terms of development volume within Hercesa’s international residential portfolio,” added Alejandro Solano.

The first residential building in Stellaris Residencias comprises 129 apartments, 95% of which are already sold. In April 2024, two months earlier than initially scheduled, Hercesa started construction on the second stage of Phase 1 of the project, which will include 125 homes.

“The success of the first stage among buyers was due to both the project’s features and facilities, as well as the excellent progress made on road and public transport infrastructure in the area—a great example of a successful partnership between the private sector and local authorities. This experience motivated us to begin construction on the second building in Stellaris ahead of schedule. We are progressing according to plan; the structural frame is 30% complete, and the sales level has reached 40%,” explained Romeo Ghica, Operations Manager at Hercesa Romania.

Megapromet and V&V Investment open Mega Mall

Montenegrin retail company Megapromet and real estate firm V&V Investment opened a EUR 14 million shopping centre, Mega Mall, in the Adriatic city of Budva, company representatives said.

The three-level shopping centre covers an area of 14,000 square meters. Its construction took less than two years, according to Mega Mall’s PR officer, Tatjana Kotarac.

The shopping mall offers 240 parking spaces. It also houses a 2,500 sqm Mega Promet hypermarket, part of retail chain of Megapromet.

The investment project was supported by local lenders CKB and Erste Banka. Both Megapromet and V&V Investment are based in Budva and are fully owned by their founders, Miodrag Mitrovic and Goran Vuletic, respectively.

Trendyol to open a logistics center near the Capital

Trendyol, an international e-commerce marketplace, announces the opening of its first warehouse in Romania. With an area of 50,000 sqm, the logistics center will generate up to 250 jobs, and aims to streamline deliveries in the country and, subsequently, in the region.

Located in Ștefăneștii de Jos, Ilfov County, the warehouse will enter the phase of preparing stocks dedicated to the Romanian market as early as the end of this year, with the first deliveries to customers to be made in early 2025.

“As demand for products listed on Trendyol continues to grow, both in Romania and in the region, developing a logistics hub that brings us closer to customers has become a priority. This warehouse will help us operate more efficiently and offer our customers faster access to their favorite products,” says Irem Yılandil, Head of International Expansion, Trendyol Group.

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