Pavăl Holding, the investment vehicle of the brothers Adrian and Dragoş Pavăl, the owners of the DIY Dedeman network, recorded a net profit of 2.3 billion lei in 2023, 52% more than the previous year, according to data published by the Ministry of Finance.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, is pleased to announce that DP World Romania, a global leader in logistics and supply chain solutions, is expanding its business operations within Romania and is opening an office in the prestigious One Cotroceni Park class A office building. The new lease agreement followed an efficient real estate process led by CBRE Romania and spans a term of 10 years, covering a surface area of 700 square meters.
Private healthcare provider Enayati Medical City achieved a 46% increase in its medical subscription and long-term hospital care revenue in the first quarter of 2024 compared to 2023. The company expects to reach a turnover of 80 million euros by the end of 2026.
Genesis College, with over 25 years of experience in the Romanian market, is taking a strategic and significant step towards development by expanding its educational space. This expansion is made possible by leasing one of OMV Petrom's buildings in the northern part of the Capital.
REHAU Romania underlines its firm commitment to cultivate an exceptional work environment and increase the satisfaction of its employees by inaugurating new offices in the center of Cluj-Napoca. This continues the approach of prioritizing employee well-being by relocating its offices from key cities such as Bucharest and Cluj-Napoca and consolidates the "Great Place to Work" status received last year.
The first quarter of 2024 ended with real estate investments in Romania totalling 202 million euros, up 69 percent compared to the first three months of 2023, with transactions in the retail segment accounting for around two-thirds of the volume, according to a Colliers report. Compared to the other five major economies (Bulgaria, Czech Republic, Hungary, Poland and Slovakia) in Central and Eastern Europe (CEE), Romania was the best performer in a context where market activity in the region was soft and transaction volumes reached one of the lowest levels in a decade.
The initiation of the project to extend the M4 metro line from Străulești to Gara de Nord, and onward to Gara CFR Progresul, promises new development prospects in southern Bucharest, according to an analysis by the real-estate consultancy company iO Partners. Authorities have applied for 2.5 billion euros in European funding through the 2021-2027 Transport Program. Additionally, the tender for the project’s planning and construction was initiated in April.
Prime Kapital, a leading investor, developer, and real estate operator, obtained the BREEAM certification with the rating `OUTSTANDING`, for the first phase of the office component of Silk District, an impressive urban regeneration project developed in a fast-growing neighbourhood in Iasi. This is the highest rating for environmental performance and building sustainability awarded under BREEAM, the world’s leading science-based suite of validation and certification systems for a more sustainable built environment.
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