Stay Fit Gym continues the network expansion process by taking over two fitness centers in Braila and Galati
Stay Fit Gym, the fitness network with the largest city coverage in Romania, announces the complete takeover of two fitness centers in Braila and Galati from Elite Gym. With the acquisition of the two centers, Stay Fit Gym reached a network of 32 open centers nationwide. The company began an accelerated development process following Morphosis […]
The winter sports tourism presents an opportunity for fostering growth within Romania’s real estate market
Ilinca Timofte, Head of Research, Crosspoint Real Estate. Crosspoint Real Estate, one of the leading local real estate service providers in Romania, launches the “Ski report 2023-2024” study, which analyses the investment advantages of mountain resorts in Romania. 2023 was the best year for the winter tourism industry in Romania, surpassing the level recorded in […]
Telerenta announces €3 million investment in 2024 and projects over 10,000 electronics rentals by year-end
CEO of Telerenta The Romanian technology startup, Telerenta, which operates the only electronic equipment rental platform in Southeast Europe for home users and, since the end of last year, for businesses as well, has budgeted investments of approximately 3 million euros for 2024. The investments will be directed towards platform development, user experience improvement, portfolio […]
Hercesa Romania sold 50% of the first building in Stellaris Residencias Phase 1
Vivenda Block D The elimination of the reduced VAT rate of 5% from 1 January 2024 will lead to a redesign of the apartment mix in the Stellaris Residencias project, developed by Hercesa Romania near the Steaua stadium in Bucharest, the first building of which has been 50% sold. ”The impact of the increase in […]
iO Partners & JLL: 2024 outlook shows renewed optimism, after 2023 recorded the lowest investment levels in a decade
Andrei Văcaru, CEE Head of Capital Markets at iO Partners The total investment in commercial real estate assets, encompassing office spaces, retail establishments, logistics and industrial spaces, and hotels, across Poland, Czech Republic, Hungary, Slovakia, and Romania, amounted to a mere €5.1 billion in 2023. This figure represents the lowest annual amount recorded in the […]
Colliers: Bucharest’s office market saw a record number of leasing deals in 2023, but deliveries were at their lowest level since 2015
Victor Coșconel, Head of Leasing | Office & Industrial Agencies at Colliers Uncertain times call for caution and that was evident in all aspects of the office market in 2023, a year characterized by mixed activity. Overall, total demand saw an increase of some 44% versus 2022, to around 400,000 square meters, easily surpassing the […]
tbi bank partners with Otto Broker to assist Romanians in purchasing their insurance, including RCA, in interest-free installments
Gergana Staykova, Market Leader, tbi tbi bank entered into a partnership with Otto Broker, through which customers may buy insurance via the Buy Now, Pay Later (BNPL) solution in 4 interest-free installments or 6-12 installments with interest. The easy-accessible BNPL solution enables consumers to spread the total cost of any acquisition in installments, without any […]
HelpShip expands operations with 5,300 sqm lease in CTPark Oradea Cargo Terminal
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased 5,300 sqm of warehouse at CTPark Oradea Cargo Terminal, Romania’s pioneering industrial park featuring an air cargo terminal, to HelpShip, a leading logistics solutions provider, part of euShipments.com’s group and logistics network. This strategic move […]
Cognyte, a global leader in investigative analytics software, leases 1,600 square meters in U•Center 2, assisted by CBRE
Forte Partners announces the signing of an agreement whereby Cognyte, a global leader in investigative analytics software, has leased 1,600 square meters of office space, assisted by CBRE, in U•Center 2. ”U•Center 2 brings the right combination of features that will make it the ideal new home for Cognyte Romania,” said Razvan Duica, General Manager […]
Alsin exceeds the 75% sales threshold in First Estates Pipera and is preparing a villa project with a market value of EUR 9 million
First Estates Pipera Romanian developer Alsin Management exceeded the 75% sales threshold in First Estates Pipera, the first residential project in Romania which will offer free heating to all its residents. The company will also start in the immediate period the development process of First Estates Villas, a premium project with 20 villas located in […]