International Workplace Group to open a Regus workspace in Iași

The International Workplace Group (IWG), which includes brands such as Regus and Space, has opened a new modern flexible workspace in the center of Iași.
The new Regus center spans a total area of 1,200 sqm in the Șandru Office building in Iași. The center will open in the first quarter of next year and will offer spaces for companies and startups from a wide range of industries, including technology and business services. The new Regus location will include facilities such as private offices, meeting rooms, co-working areas and creative workspaces.

“We are strengthening our presence in Iași with this long-awaited new opening. As a major business hub, Iași is a fantastic place to expand our plans. The need for high-quality flexible workspaces continues to grow as hybrid working becomes the new normal. We are very excited to collaborate with RMS CONSULTING to develop the Regus brand through this management agreement, which will add a state-of-the-art workspace to their building,” said Mark Dixon, CEO and founder of International Workplace Group PLC.

Source: economica.net

Prima Development Group to build new residential project in Bucharest

Prima Development Group, a real estate developer from Oradea, has obtained building permit for a residential project in Bucharest, PRIMA Astera, with a total investment estimated at EUR 65 million.

“After the center and north of Bucharest, where we have already built new communities, we have chosen to turn our attention to the western area of the city, which presents advantages for future tenants due to its proximity to shopping centers, Drumul Taberei Park and the metro. At the same time, this area has had a spectacular evolution in the last four years and offers an excellent perspective in terms of increasing the quality of living,” says Adrian Stoichină, co-CEO of PRIMA Development Group.

PRIMA Astera will total 491 apartments developed in two phases, with 294 units completed in the first phase of construction.
PRIMA Development has also developed two other projects in Bucharest, Boemia Apartments and Core Timpuri Noi, and another, PRIMA Vista, will be completed the following year.

Italian brand Patrizia Pepe to open premium location at RIVUS

RIVUS, the mixed-use project developed by IULIUS and Atterbury Europe, will exclusively bring brands and new store concepts to Cluj-Napoca, and is set to comprise a diversity of products and services catering to all categories of the public and offer premium shopping experiences. Fans of the Patrizia Pepe brand will be able to enjoy versatile and sophisticated outfits that effortlessly blend everyday practicality and the elegance required for special moments.

“The selection of brands for Rivus seeks to provide a complete and high quality experience, so in Cluj-Napoca we will also being a segment of brands that will satisfy the most demanding and sophisticated preferences. One such brand is Patrizia Pepe, a brand that continues to delight fashion aficionados with its refined tailoring, sensual silhouettes and daring details, will bring an innovative concept to RIVUS, in line with its brand DNA, interpreting the collections and accessories in a contemporary fashion. One of the directions we set for ourselves some time ago was to also provide our customers with access to premium, trendy and notorious brands, that are recognized for their quality and originality. Our expectations were also confirmed by the surveys we carried out when the idea for this new mixed-use project came to be,” said Oana Diaconescu, Head of Leasing Manager IULIUS.

“Expansion across Romania is a clear commitment for the strategic vision of consolidating the global presence of Patrizia Pepe, while also staying true to its fundamental values in terms of sensuality, elegance, and innovation”, said Roberta Danesi, official representative of Patrizia Pepe.

TPA Romania Partners with CIJ Awards Romania 2024

CIJ EUROPE is proud to announce that TPA Romania will be a partner of the prestigious CIJ Awards Romania 2024, set to take place on December 4th at the Radisson Blu in Bucharest.

TPA Romania stands as one of the leading providers of tax, accounting, and audit services in Romania, with a strong presence across the country through our offices in Bucharest and Cluj-Napoca. With a team of 9 partners and over 150 dedicated professionals, TPA Romania provides expert support to their clients in the fields of Tax Advisory, Accounting, Auditing, Advisory, and Legal services.

TPA Romania’s client portfolio includes over 500 international companies from diverse industries, including real estate, construction, renewable energy, transport and logistics, services, technology, manufacturing, retail and distribution, trade, agriculture, as well as international institutions and non-profit organizations.

Within the real estate sector, TPA Romania offers a comprehensive range of advisory services backed by extensive experience. Their services include tax, financial, and legal due diligence; advising on investment and financing strategies; consultancy, accounting and financial advisory for real estate companies, institutional investors, developers and other industry players on matters ranging from routine operations to large-scale transactions and mergers/spin-offs. TPA Romania also provides support for leasing transactions and financial reporting in accordance with International Financial Reporting Standards (IFRS).

Recognized as a trusted advisor for internationally active real estate investors, TPA Romania is part of the wider TPA Group, a network with 31 locations across 12 countries in Central and South-Eastern Europe, employing over 2,000 professionals. As an independent member of the Baker Tilly Europe Alliance, TPA Romania connects their clients with a global network of tax advisors, accountants, lawyers, and auditors, ensuring seamless support for their global ambitions. The Baker Tilly International network operates in 141 countries, employing 43,000 professionals, making it one of the top 10 consulting networks worldwide.

The CIJ Awards Romania 2024 will recognize outstanding achievements across various categories, including residential, commercial, and mixed-use developments. This high-profile event will bring together leading professionals and highlight the latest trends and successes in the Romanian real estate market. For more details about the event, please check out our website: https://lnkd.in/dpJvqsbF

Outstanding lineup of real estate market leaders reunited for CIJ Awards Romania 2024 Jury meeting

An outstanding lineup of real estate market leaders gathered today for the CIJ Awards Romania 2024 Jury Committee meeting.

We would like to thank very much to all our esteemed judging panel and also to our Jury Committee Audit Advisor, Mrs. Daniela Zar, TPA Romania, for monitoring the meeting.

Ema Iftimie – Managing Director – Globalworth
Antoniu Panait – Managing Director – Vastint
Vlad Musteata – CEO – North Bucharest Investments
Jan Demeyere – Co-Founder & Partner – Speedwell
Sorin Preda – Founder & CEO – Global Vision
Emma Toma – Head of Office Division – AFI Europe
Alex Skouras – Managing Director – Alesonor
Robert Ionita – Group General Counsel – NEPI Rockcastle
Andreea Dumitru – Chief Marketing Officer – Hagag Development Europe
Iulia Iana – Head of Marketing – HILS Development
Alina Necula – Country Manager – Lion’s Head
Dana Bordei – Managing Director – VGP
Iuliana Irimia – Head of Office Asset Management – CPI Property Group Romania
Bogdan Gubandru – Chief Operations Officer – Redport Capital
Adinel Tudor – CEO – EVO Properties
Bogdan Iliescu – Commercial Director – Nusco
Andreea Enescu – Head of M&A – CTP
Christophe Weller – Founder & CEO – COS
Catalin Rotaru – Managing Director – Theta Furniture & More
Stefan Gheorghiu – Group CEO – WeMat Global
Gabriel Biris – Managing Partner – Biris Goran
Catalin Duma – Managing Director – Coral Construct
David Evans – Managing Director – Optim Project Management
Razvan Nica – Managing Director – Build Green
Gabriel Tomescu – CEO – BMF GRUP
Costin Nistor – Managing Director – Fortim Trusted Advisors
Razvan Iorgu – Managing Director – CBRE
Ovidiu Stana – CEO – Conadi
Dan Flesariu – Managing Director – WIREN
Ioana Roman – Partner – Filip & Company
Dan Voiculescu – Managing Director – RE/MAX
Raluca Buzdugan – Managing Partner – VSA
Maria Florea – Head of Office Advisory – IO Partners
Sorin Ioan Blaga – Chief Operationg Officer – The Concept Group
Claudiu Bisnel – Managing Director – Brisk Group
Mihai Olaru – CEO – Omifa
Bogdan Doicescu – Group CEO – Bog’Art Holding
Victor Terhes – Sales Manager – Bellemonde

A BIG THANK YOU to all our Partners: North Bucharest Investment, CPI Property Group, AFI Europe, Hagag Development Europe, NEPI Rockcastle, VASTINT, CTP, NUSCO, BMF Grup, WIREN, Globalworth, Global Vision, Speedwell, Lion’s Head, HILS Development, NHOOD, COS, Biris Goran, Coral Construct, Bog’Art, Alesonor, WeMat Global, Carbon Tool, Fortim Trusted Advisors, Ceresit, Theta Furniture & More, Optim Project Management, SAMSUNG Climate Solutions, Omifa, TPA Romania, RENOMIA Gallagher, Search Ads, Redport Capital, Imobiliare.ro, Marazzi, Safety Approach, Avitech, Bellemonde, Fabrica de Profile, EVO Properties, STC Partners, Reynaers Aluminium, Serban & Musneci Associates.

SPEEDWELL secures building permit for GLENWOOD ESTATE

SPEEDWELL Development is set to transform Corbeanca with GLENWOOD ESTATE, an exclusive new residential project featuring 209 premium lakeside homes with private gardens, scheduled to start construction in early 2025. The total estimated investment is EUR 94 million.

GLENWOOD ESTATE’S residents will have a 700-meter frontage on Corbeanca Lake, providing them with easy access to the water and nature all around. Moreover, the project’s green private and public spaces will add up to a generous 76,000 sqm, making up 54% of the total area.

GLENWOOD ESTATE offers luxury, three-, four- and five-bedroom villas ranging from 214 to 324 square meters. Each residence includes private gardens between 130 and 152 square meters, meticulously integrated with the natural landscape to ensure privacy and comfort. The project offers a sustainable and exclusive lifestyle, suitable for modern families, executives, or entrepreneurs who aspire to live in a close-knit community, away from inner-city noise and pollution. The project will also provide a safe and convenient way for residents to get around on their bikes, with 2.5 km of bike lanes, and plenty of common areas for recreation and socializing. In addition, thanks to its strategic proximity to the A0 highway and main roads, residents will benefit from quick access to both Corbeanca as well as to business areas, private schools, and the main points of interest in Bucharest.

” GLENWOOD ESTATE is more than a residential complex; it’s a forward-thinking lifestyle choice. It is an elegant, high-quality development that promotes connection with nature and features a unique approach focused on privacy, comfort, and sustainability. We are thrilled when local authorities understand the positive impact of our projects, as this support not only validates our efforts but also reflects our commitment to building a thriving community. Our close collaboration with local institutions allowed us to turn the vision into reality and, in the case of GLEENWOD ESTATE, together we have contributed to improving the housing standards in Corbeanca and the Bucharest metropolitan area.”, says Jan Demeyere, Architect and Co-founder of SPEEDWELL Development.

“GLENWOOD ESTATE has aroused a great deal of interest, and the granting of the building permit marks the beginning of a new chapter in the development of an exclusive community. ”, adds Andreea Comșa, Commercial Director at SPEEDWELL Development. “We targeted from the early design stage to address a community of people who share common values in terms of quality and lifestyle, and these aspects are reflected in the final purchase cost. The benefits are felt not only in the high-quality finishes and materials but also in the long-term cost savings for our residents due to our energy efficiency systems like individual heat pumps or photovoltaics panels”.

Evo Properties has leased over 50% of London and Oslo buildings in Bucharest

EVO Properties is rapidly advancing in the development of the new multi-functional hub, with the first lease agreements already signed and advanced negotiations for the remaining available spaces in London and Oslo buildings. By the end of 2025, over 31,000 sqm will be reallocated according to the new functionalities, of which approximately 50%-60% of the leasable area will be dedicated to modern offices, 20-25% will host hospitality services, 10-15% will be allocated to medical and well-being services, with the remaining area already occupied by the Lumina Cultural Center.

The A+ class office buildings, London and Oslo, which are among the few in Bucharest with BREEAM Outstanding certification (score 90.3% awarded in 2023), are actively undergoing a conversion process regarding the functionality of the spaces.

Among the first partners of Evo Properties, after taking over the two buildings, is IT HIT, which has been operational in the leased space of the London building since May this year. Endress+Hauser Romania has leased a new headquarters in the Oslo building, which will be operational by the end of this year. The diversity of services offered in London and Oslo buildings will be strengthened with the opening of Digest Med clinic and Dr. FIT gym.

The General Directorate for European Transport Programs, part of the Ministry of Transport and Infrastructure, began operating from their headquarter located in London Building in September 2023. Stryker, a pioneer in medical innovation, has expanded its operations in Romania with the opening of a new office in the Oslo Building in early 2024.

The Lumina Cultural Center is located on the ground floor of the Oslo building.
Starting from December 2024, employees and visitors will have the opportunity to enjoy a specialty coffee shop operated by the Boutique du Pain/14th Lane Group, which will serve London and Oslo buildings.

“These leading companies have recognized the exceptional quality and inspiring nature of our London and Oslo buildings. Their decision to relocate their operations to these state-of-the-art spaces is a testament to our commitment to providing top- tier facilities that foster creativity and productivity. We are excited to transform these iconic buildings into a vibrant and dynamic ecosystem where people can work, relax, and connect. By integrating the latest technologies and innovative energy solutions, such as operating both buildings without natural gas, using the latest Daikin equipment, we aim to create a workspace and living space that meets current needs while anticipating future trends. We want the new multi-functional hub to provide a unique experience for both employees and visitors,” says Anamaria Crețu, Leasing Director of EVO Properties.

Over 50% of the total leasable area in London and Oslo buildings is already contracted or in very advanced negotiation stages, exceeding 16,000 sqm of the total 31,524 square meters, of which over 10,000 square meters were confirmed only during 2024. By the end of 2025, contracts for an additional 30-35% of the leasable area are estimated.

EVO Properties will invest over EUR 10 million to modernize London and Oslo buildings. The first phase of this transformation, scheduled for completion by mid-2025, will create flexible and innovative workspaces that drive productivity and collaboration.

IKEA Romania prepares to remodel Bucharest stores

IKEA Romania has appointed new Market Managers for the Băneasa and Pallady Bucharest stores. With 15 years of experience at IKEA, Mihai Boian will focus on continuing to develop the IKEA Băneasa store, positioning it as the main growth engine in Romania. Silvana Baciu joined IKEA in 2018 as Sales Manager for IKEA Pallady, and starting with the first semester of this year, Silvana Baciu was officially appointed Market Manager for IKEA Pallady, the company’s largest store in Southeastern Europe.

In June 2023, Ikea opened the store in Timișoara, its third in Romania, and the Swedish company has two more stores in Romania, both in Bucharest and is preparing a new store in Iași.

Ikea will invest EUR 3 billion to develop and expand its store network by the end of next year, including in Romania, with a large part of the amount being intended for the transformation of existing stores on the outskirts of cities, so that they can also be used as distribution centers for online orders.

Bucharest Veranda Mall becomes pet friendly

More and more people choose to spend quality time with their pets and include them in their daily activities, so Veranda Mall has opened its doors to pets, and all mall visitors are welcome to bring their furry friends. Pets have access to most public areas, provided that owners follow a few essential suggestions and rules for a successful visit.

Parklake was the first mall in the Capital to allow access to all dogs, along with Hornbach and Afi Cotroceni. However, the Afi Cotroceni shopping center only allows access to small dogs that do not exceed 15 kg and 50 cm.

Prime Batteries Technology to complete expansion of Cernica factory

Prime Batteries Technology, which has developed a battery factory in Cernica, near Bucharest, announces that it is very close to completing the investment that will increase production capacity to 2,000 MWh per year. The next expansion phase aims for a capacity of 6,000 MWh per year.

“This ambitious project, located near Bucharest, is progressing rapidly. From an initial vision to a nearly complete facility, the Gigafactory represents a significant step forward in energy storage, offering a capacity of 2 GWh that will provide sustainable energy solutions for both industrial and residential use,” Prime Batteries Technology said.

“Now entering the final phase before completion, the factory will be equipped with innovative assembly lines, precision testing systems and high-capacity management units. Each advancement marks a step towards providing efficient, reliable and scalable energy storage options, reaffirming PRIME Batteries’ dedication to a sustainable future,” the company added.

“The factory is 98% ready, the equipment has arrived, in November we will finish assembling it. We are starting production this year. We are starting production, not at full capacity, because every factory has a rhythm until it gets there. The official inauguration will be somewhere in April-May,” said one of the founders of Prime Batteries, Adrian Polec.