Romanian Real Estate News – 23/01/23

Romanian Real Estate News

OFFICE

ESRI Romania, a global player in geographic information system (GIS) software, location intelligence, and mapping, ESRI has chosen Globalworth Campus as its new headquarters in Bucharest, leasing an office space of 540 sqm GLA in Globalworth Campus A.

CONSTRUCTION

Local construction company Ecoterm in 2022 started a EUR2 million investment to develop its own warehouse, in Afumati, Ziarul Financiar reported.

COMPANIES

-The Romanian company Policolor S.A. and its Bulgarian subsidiary – Orgachim AD, with extensive activities in the field of production and sale of varnishes, paints, resins and specialty chemicals, both in Romania, Bulgaria and other markets in Europe and Asia, are set to enter e-commerce in the second half of this year and are working on an expansion project for the plant of Militari, Bucharest.

RETAIL

-Turkish Entrepreneur Omer Susli, who founded home décor retail chain Homelux in 2018, closed down two Homelux units in 2022 in Romania and now has two of the four units operating under this name left. Susli plans to continue investing in shopping centers in the Romanian market. “I have a budget of 50 million euros this year for the purchase of shopping centers in Romania. We are in negotiations now” he told Profi.ro