Deichmann leases 20,000 sqm in ELI Park Bucharest

Business Forum

15 October, 2024 at 7:14 AM

Shoe retailer Deichmann has leased 20,000 sqm in the industrial project ELI Park Bucharest, in a move designed to consolidate its regional distribution operations.

The lease agreement was signed for a period of 7 years, with the possibility of extension for another 3 years, and includes 1,050 sqm dedicated to offices and social areas. The transaction was brokered by CBRE Romania.

“Deichmann's decision to establish an international distribution center here highlights the strategic advantages that our location and infrastructure offer to top companies in the retail and e-commerce sectors,” say ELI Parks' representatives.

ELI Parks is jointly developed by Element Group, owned by Romania entrepreneur Ionuț Dumitrescu, and D Craig Holding, owned by Sacha Dragic, founder of gambling operator Superbet.

ELI Parks starts new industrial project near Bucharest

Local developer ELI Parks has started the construction of ELI Park 5 Bucharest in partnership with general contractor Eren Cons. Located in the north-western area of Bucharest, ELI Park 5 continues the expansion of the ELI Park Bucharest development, an industrial hub designed for efficiency, flexibility, and sustainability.

Real estate

Hotel sector in Romania poised for growth going into 2026

Although the hotel sector accounted for only 3% of the total investment of €390 million in Romania's commercial real estate during H1 2025, market indicators point to a possible increase in investments in H2 2025 and 2026, according to CBRE Romania data.

Real estate

PeliPartners assists Immofinanz on myhive Victoriei sale

Romanian law firm PeliPartners has assisted Immofinanz in the sale of myhive Victoriei to AFI Europe, in a deal worth an estimated €27 million.

Real estate

Cătălin Năstăsoiu, Genesis Property: Integrating the wellness wheel into offices

The current workforce landscape has been significantly influenced by recent challenges, leading to a shift in how employees perceive their well-being. This highlights the importance for employers to prioritize their employees' health and happiness, actively supporting them and fostering a workplace culture that values holistic well-being, writes Cătălin Năstăsoiu of Genesis Property.

Real estate

AFI Europe buys landmark office building in Bucharest from Immofinanz

AFI Europe has purchased the myhive Victoriei building in central Bucharest from Immofinanz for around €27 million. The new owner plans to turn the existing office building into a mixed-use project, with the conversion permit already secured.

Real estate

Bellemonde secures funding for resi project near Bucharest

Romanian developer Bellemonde Developement has obtained €21 million in funding from Libra Internet Bank for a residential project in Pipera, near Bucharest.

Real estate

HILS Development posts 28% resi sales growth in H1 2024

Romanian developer HILS Development has announced a 28% increase in residential sales during H1 2024 compared to the same period of last year, while revenue was up 25% year-on-year. 