ARTICLES LABELLED WITH TAG Romania

Romanian property company Ideal Residence Developer has announced the launch of Marina Snagov comprising 33 luxury villas on the shores of Snagov lake near Bucharest. The company will invest over €12 million in the complex that is slated for delivery at the end of 2024.

Global Business Solutions (GBS), the largest shared services centre of the BAT group that serves BAT subsidiaries at a European and global level, will occupy an area of ​​10,500 sqm in One Cotroceni Park Phase 2. The lease transaction was brokered by Knight Frank Romania. 

Romanian company Rock Development has started the construction of the second phase of Avrig Park Residence in Bucharest with an investment budget of €23 million. 

One United Properties has announced the acquisition of three historical buildings in Bucharest with the purpose of restoring and transforming them into a new development of the company - One Downtown.

Pedro Construct, one of the largest construction companies in Romania, led by businessman Petre Niculae, is developing - together with his associate Florin Ababe - a new residential assembly in the north of the capital, Jolie Village. The investment in the project is estimated at €21 million and for €12 million, the company has obtained financing through Libra Bank.

Retailer Profi has signed an extension of its lease agreement for 52,000 sqm of warehouse space in the Logicor Ploiești logistics park. 

Around 130,000 sqm of new modern offices could be delivered this year, with a total of roughly 360,000 sqm possible for the 2022-2024 period, though the 2024 calendar could be postponed, according to real estate consultancy Colliers. 

Romanian entrepreneur Ovidiu Budeanu has signed a franchise agreement with French hotel group Accor for the opening of a new 4-star Mercure Hotel in Bacău.

Romanian property holding Meta Estate Trust has signed a partnership with Rock Development Holding for a new property development in Poiana Brașov. 

Iulius Company opened the second Family Market project in the Bucium neighbourhood of Iași. The convenience retail project caters to necessary everyday services and products in the residential area in the residential area which has seen steady development in recent years. A McDonald’s Drive Thru, Auchan supermarket, Sinsay, and another 23 local and national entrepreneurs provide a customised mix of products and services resulting from community consulting.