Penny Romania continues to invest locally

Penny Romania recorded a turnover of RON 9.4 billion in 2024, up by over RON 1 billion compared to the EUR 8.32 billion in 2023. Future plans include record investments, expanding logistics and opening 600 stores in the next decade.

In 2024, Penny Romania invested EUR 177 million in its local network. By the end of the year, the company will have 40 new stores and an additional warehouse in Mihăilești, the fifth in the network, scheduled to become operational in the fall.

The company aims to reach 1,000 stores and cumulative investments of EUR 3 billion by 2035. Currently, the Penny network has 417 stores, and the pace of expansion will continue, with another 40 locations scheduled for 2025.

Historic villa for sale in Bucharest’s Aviatorilor area for around EUR 7 million

A historic villa located on Aviatorilor Boulevard in northern Bucharest has been listed for sale by real estate consultancy Cushman & Wakefield Echinox. Built in 1934 and designed by architect Duiliu Marcu, the property is classified as a historic monument.

The villa underwent structural consolidation and full renovation in 2013. It features a basement, semi-basement, ground floor, and two upper levels, offering primarily class A office space alongside a residential apartment on the top floor.

According to Raluca Plaviţă, Head of Residential Agency at Cushman & Wakefield Echinox, the villa exemplifies the characteristics sought by investors in Bucharest’s high-end residential and office segment: a central and prestigious location, modern amenities, and architectural authenticity. She noted that prime properties in areas like Kiseleff, Aviatorilor, Primăverii, and Dorobanți are highly sought after, with price variations depending on the property’s size, features, and specific location.

The villa’s total built area is 715 square meters, set on a nearly 800-square-meter plot, with approximately 600 square meters of garden space.

Terme Olimia completes rernovation of hotel and spa facilities in Croatia

Slovenian hotel owner and operator Terme Olimia said it has completed a EUR 27 million euro (USD 30 million) renovation of the hotel and spa capacities of its Croatian subsidiary, Terme Tuhelj.

“This largest investment by a Slovenian company in Croatian tourism makes us one of the most innovative and sustainable destinations in the region,” Terme Olimia said in a note on its Linkedin profile.

Terme Tuhelj is located in Tuheljske Toplice, northwestern Croatia, near the border with Slovenia.

Dedeman Expands National Network with New Store in Alexandria

Dedeman has opened its 64th store in Romania, marking its first location in Teleorman County. The new store in Alexandria strengthens the company’s national presence and represents an investment of €15.5 million.

The site covers approximately 5 hectares and includes a built area of 13,500 square metres. The facility offers dedicated sections for various product categories, including an 845-square-metre space for furniture, a 500-square-metre showroom for sanitary items, tiles, and ceramics, and a 2,000-square-metre greenhouse for gardening and outdoor products. A parking area with 348 spaces is also available for customers.

The store opening has created 136 new jobs in the region.

Dragoș Pavăl, President of Dedeman, highlighted the importance of expanding into Alexandria, noting that the company aims to build lasting relationships with local communities and offer accessible, quality home improvement solutions.

With this opening, Dedeman continues to develop its footprint across Romania, combining retail expansion with community engagement.

Three real estate developers plan 2,500 apartments

Entrepreneurs Cosmin Filpișan, Attila Ivacson and Florin Dogariu, who have developed over 1,300 apartments in Popești-Leordeni so far, mainly under the Siena brand, have entered into a new partnership, through which they plan to develop 2,500 apartments in the next 4 years.

The newest project of the investor group is the second phase of Ananda Residence in Popești-Leordeni. “The project is in the authorization phase, on the last hundred meters. It consists of 500 apartments, being designed as a continuation of the project on Biruinței 7”, said Cosmin Filpișan.

The investors bought land with a cumulative area of about 60,000 square meters in Popești-Leordeni on which they planned to build 4 residential projects. “In the 4 projects, which will be carried out over the next 4 years, we will build 2,500 apartments”, says Filpișan. The group’s sales representative is the real estate broker Sud Rezidențial

Source: Profit.ro

Almost 1,300 hotel rooms under construction and EUR 900 mln investments in Brasov

The development of defense industries, but also the acceleration of the real estate market, continues to attract investments in Brasov, both on the HoReCa side, and when it comes to production or logistics.

Brasov is gaining importance on the map of Romania due to the consolidation of the defense sector and transport routes, attracting new real estate investments mainly in hotel, residential, logistics and mixed-use projects.

The city hall has budgeted EUR 154 million for investments in 2025 to be allocated for education, public development, infrastructure and tourism. The County Council has a budget of EUR 172 million for infrastructure: 100 kilometers for county roads and 53.1 kilometers for the Braşov Metropolitan Belt. One of the most discussed projects is the Rheinmetall powder factory in Victoria, a project worth over EUR 500 million, supported by funds from the European Commission as well as Romanian public funds.

APS Holding completes acquisition of IMO Property Investments Bucharest

APS Holding, a Czech-based non-performing loan manager, has completed the acquisition of real estate company IMO Property Investments Bucharest and the related portfolio from Eurobank SA.

“The acquired portfolio includes a diversified range of properties across the country, offering considerable potential for strategic capitalization and development,” commented Radu Dobre, Country Manager of APS Romania.

“We are delighted to complete this important acquisition in Romania. This strategic investment aligns perfectly with our growth strategy and demonstrates our strong confidence in the Romanian real estate sector. We greatly value our partnership with Eurobank and look forward to exploring other mutually beneficial opportunities in the future,” said Viktor Toth, CIO of APS Holding.

The transaction was facilitated by APS Investments, with legal assistance provided by Legal Ground/360 Competition. Eurobank SA was advised by Schoenherr (legal) and Deloitte (transactional support).

Colliers takes over the management of Victoria Center office building

Real estate consultancy Colliers is strengthening its partnership with Solida Capital by taking over the property management of Victoria Center, marking a significant step in its collaboration with one of the newest active investors in the Romanian real estate market.

Victoria Center, located in one of Bucharest’s most iconic areas – Calea Victoriei, has a BREEAM In-Use Excellent certification, and offers around 8,600 square meters of modern, efficient, and sustainable office space, designed to meet the highest standards. Recently acquired by Solida Capital Europe, the building is home to a diverse mix of prominent tenants across sectors such as IT, legal, financial services, and diplomacy.

“We welcome our partners from Solida to Romania and look forward to supporting the success of their first local project by providing integrated property management services. It is an honor to be part of this new beginning and to contribute to their expansion in the Romanian real estate market”, said Ștefania Baldovinescu, Senior Partner | Asset Services at Colliers.

“We are pleased to announce the beginning of our collaboration with Colliers, who will serve as the property manager for Victoria Center. This marks an important new chapter for the building and reflects our commitment to delivering a fresh and modern experience for all tenants. Our shared goal is to enhance the overall tenant journey while positioning Victoria Center as a dynamic and attractive destination in the Bucharest office market. With a solid base of existing tenants and a carefully curated approach to future occupancies, we are confident this partnership will play a key role in realizing our long-term vision for the property. We look forward to working closely with Colliers to bring this vision to life”, said Fabio Melis, Director at Solida Capital Europe.

Quartier Ferdinand becomes the first ZEB pre-certified residential project in Bucharest

The real estate developer STC Partners continues its commitment to sustainability and the durability of the projects it develops and obtains the ZEB pre-certification – signed by the Romania Green Building Council – for the Quartier Ferdinand residential complex, thus becoming the first net zero carbon emissions real estate project in Romania.

In addition to the Green Homes pre-certification, Quartier Ferdinand has also received the nZEB pre-certification, a certificate issued by the Romania Green Building Council (RoGBC) – the leading organization in Romania that provides independent, third-party verification for Green Homes certification.

“We are preserving the architectural heritage of the area and integrating a modern project, a new development by STC Partners that will bring a change to the local landscape, on a beautiful boulevard with a rich history for Bucharest. Therefore, we are even more delighted to offer this area the first net zero carbon emissions building,” states Roxana Cristea – Partner & COO – STC Partners.

Developed on a 4,400 sqm plot, Quartier Ferdinand includes 170 apartments, street-level retail spaces, exclusively underground parking, a unique rooftop recreation area, and a playground for children. Quartier Ferdinand, with an investment of over EUR 35 million, is currently under development and is expected to be completed in the last quarter of next year, 2026. The project’s sales are nearing 40%.

Quartier Ferdinand becomes the first ZEB pre-certified residential project in Bucharest

The real estate developer STC Partners continues its commitment to sustainability and the durability of the projects it develops and obtains the ZEB pre-certification – signed by the Romania Green Building Council – for the Quartier Ferdinand residential complex, thus becoming the first net zero carbon emissions real estate project in Romania.

In addition to the Green Homes pre-certification, Quartier Ferdinand has also received the nZEB pre-certification, a certificate issued by the Romania Green Building Council (RoGBC) – the leading organization in Romania that provides independent, third-party verification for Green Homes certification.

“We are preserving the architectural heritage of the area and integrating a modern project, a new development by STC Partners that will bring a change to the local landscape, on a beautiful boulevard with a rich history for Bucharest. Therefore, we are even more delighted to offer this area the first net zero carbon emissions building,” states Roxana Cristea – Partner & COO – STC Partners.

Developed on a 4,400 sqm plot, Quartier Ferdinand includes 170 apartments, street-level retail spaces, exclusively underground parking, a unique rooftop recreation area, and a playground for children. Quartier Ferdinand, with an investment of over EUR 35 million, is currently under development and is expected to be completed in the last quarter of next year, 2026. The project’s sales are nearing 40%.

front page info
LATEST NEWS