Category: News

CTP launches a strategic collaboration with Arcese Group, a global logistics operator, which has leased 10,500 sqm at CTPark Bucharest West, the largest industrial park in Central and Eastern Europe (CEE). CTPark Bucharest West, spanning over 833,000 sqm of GLA across 314 hectares, is home to Romania’s first BREEAM Outstanding warehouse and boasts a dynamic […]

MoneyGold, a financial services network – lending, currency exchange, money transfer, and jewelry & electronics retail, part of Teilor Holding SA, concluded the year 2023 with a total of 109 agencies nationwide, following the opening of 19 new locations throughout the previous year. The total value of investments made in the network’s development in 2023 […]

World-leading hospitality group Accor joined hands with TECADRA HOTELS S.R.L., for the complete conversion and extension of the existing Tecadra Hotel. The existing 4-stars property is undergoing a full makeover of the façade, internal partitioning, and design. The 100-key Tecadra Bucharest Handwritten Collection will welcome its first guests in September 2025, thus becoming Romania’s first […]

Dana Radoveneanu, Head of Retail Agency Cushman & Wakefield Echinox Developers completed 11 retail projects in 2023, totaling approximately 215,000 sq. m, a record level during the past 7 years, with retail parks having a 60% share, with cities such Bucharest, Craiova, Alba Iulia, Arad, Giurgiu, Vaslui benefiting from such investments. The investment plans for […]

Andrei Trofin, CEO and founder of ESX The ESX application, an app that offers a subscription with unlimited access to hundreds of sports centers and gyms in Romania, ended 2023 with a 250% increase in turnover, rising from 4 million to 10 million euros. The growth was due to constant expansion, with ESX currently present […]

Alexandru Rădulescu, managing partner SVN Romania | Credit & Financial Solutions Romania has among the most accessible mortgages in the European Union, considering the average net wages at a national level and the costs of buying a one-bedroom apartment through a 25-year mortgage loan, reveals a market report issued by SVN Romania | Credit & […]

Lefties, the well-known brand by Inditex Group, one of the largest fashion retail companies in the world, is opening its second Digital Store in Romania this year in the Iulius Town Timișoara mixed-use complex, spanning on an area of 5,000 sqm. “2024 will be a very dynamic across the IULIUS network. In Timișoara, we will […]

Daniel Adam Holde Agri Invest SA, one of the largest farmland operators in Romania, announces the appointment of Daniel Adam as Group Chief Financial Officer (CFO). The appointment of Daniel Adam as CFO follows the decision of Adrian Pirciu, who previously held this position, to focus on other professional initiatives. The change at the CFO […]

Charles Boudet iO Partners announces the appointment of Charles Boudet, an industry veteran with diversified expertise, as CEO. Before joining JLL in 2006, he served as Supply Chain Director at the global food company Danone. Charles Boudet then had a distinguished 18-year career with JLL. After taking on various leadership roles, Charles became CEO France, […]

Sinziana Oprea, Director Land Agency at Colliers Romania The volume of land sales for commercial real estate projects in Romania (excluding for industrial and logistics projects) declined by less than 10% from the 2022 level of 450 million euro, and remains considerably above pre-pandemic levels, according to Colliers estimates. The start of the year and […]