“In London we found two locations in two of the busiest areas, Chelsea and Mayfair, home to elegant restaurants. We have rented the locations and the rent is similar to that of some locations in Bucharest’s historic center,” says Valentin Salagean, who doesn’t provide numbers.
According to market information, rent per square meter in Bucharest’s historic center is up to EUR100.
As for differences between amounts invested in the two countries, Valentin Salagean says “labor is obviously cheaper in Romania and some materials – those produced locally – are cheaper.”
(English version by Daniela Stoican)