“Calif is a local successful story, which saw a constant business growth and also rose among consumer preferences. Moreover, in 2017, the company launched the Condimental brand. As of early 2019, the tenants within our buildings will have a new option for lunch and not only, through three Condimental and Calif restaurants to be opened within Globalworth Campus, City Offices and UpGround,” stated Ema Iftimie, Head of Leasing, Globalworth.
The restaurant to be inaugurated in Globalworth Campus (northern Bucharest) will be located within Tower 2, the second building of the business hub where a Starbucks coffeehouse has been recently opened and where a new Stradale concept will be launched. Close to it, there is the UpGround residential compound, which boasts an extended retail offer that includes restaurants such as Pagaia, Dinner Food, Subway, Japanos, Bacania Veche or Gregory’s, and the list will be complemented by Condimental and Calif. The third restaurant will be opened within City Offices, a mixed used project located in southern Bucharest.
“We shall be expanding in Bucharest and surrounding localities. We plan to open 11 new units by the end of the year, but we depend on space. However, at least we shall be doubling the network,“ Sachin Arora, the person running the local business of Peeraj and also one of the group’s shareholders, recently told ZF.
Globalworth Real Estate Investments, the largest office building owner in Romania and the main investor on the office market in Central and Eastern Europe, reached a portfolio of EUR2.1 billion in the first half of 2018, of which EUR1.2 billion are assets in Romania. The company’s net operating revenue reached EUR51.7 million in the first half of 2018, up 135% year-on-year, due to its entering the Polish market and continuously expanding in Romania.