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Atrium Completes Militari Shopping Center Sale to MAS Real Estate, Exits Romania
JLL has advised Atrium European Real Estate Ltd. (Atrium) on the sale of Militari Shopping Center in Bucharest, Romania, to MAS Real Estate, for EUR95 million. The transaction, signed in Apr...
Ten Modern Retailers’ Revenue Up 11% To RON53B In 2017
The ten chains in Romania’s modern grocery retail posted more than 53 billion lei (EUR11 billion) revenue in 2017, 11% above the 2016 level.
Retail Area Of Baneasa Platform Generates Over EUR500M Revenue
“Baneasa Shopping City has become a landmark for Bucharest, and in its ten years in business has positively influenced the development of the northern of the city.”
Top Five Retailers Account For Less Than 25% Of Romania’s Grocery Retail
The top five grocery retailers by estimated market share in Romania are Kaufland, Carrefour, Lidl, Mega Image and Profi this year, data supplied by market research company IGD show.
Broadhurst Plans To Develop Mixed-Use Project In Bucharest
Vel Pitar, the leader of the local bakery market and real estate company Romarta, both of which held by investment fund Broadhurst investments, plan to develop a mixed-use real estate projec...
Online Segment About To Dominate Computer And Electronics Retail In Romania
*Specialist retailers remain the most important sales channel on the computer and electronics market, with a little less than 40% market share. *The online commerce is catching up fast, narr...
Five Brands Left Romania’s DIY Retail Market In The Last Five Years
Five DIY retail brands have disappeared from the Romanian market in the past five years, following a number of deals, as the new owners brought with them new names for the networks they boug...
Businessman Omer Susli Uses Money From Praktiker Sale To Start New Retail Chain
Omer Susli, the businessman who sold the Praktiker DIY chain to UK’s Kingfisher last summer, is now preparing to open two stores that will sell furniture and home décor.
Online Fashion Retailer FashionUP Sales Up 40% To Over RON30M In 2017
FashionUP, one of the leading online fashion retailers in Romania, posted growth of 40% in revenue to more than 30 million lei (EUR6.5 million) in 2017.