One United Properties (BVB: ONE) has signed a preliminary sale agreement for a 34,800 sqm plot of land in Constanţa, accelerating its strategic expansion outside Bucharest into Romania’s key regional cities. The land, located on the Black Sea coast in the Faleză Nord-Pescărie area, will be the site of a new mixed-use development with an estimated gross development value of approximately EUR 500 million.
LPP Logistics has signed an 11-year lease for a new Distribution Centre at CTPark Bucharest West. The nearly 60,000 sq m facility will enhance the LPP Group’s logistics for Romania, Bulgaria, and Greece. The new centre is a vital strategic move following a recent fire at the operator's previous Romanian facility. The hub will support the ambitious expansion of the Sinsay brand, which recently opened its 200th store in Romania.
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