Romania New luxury destination in Bucharest
Retail & leisureschedule 25 June 2024
Bucharest is becoming an increasingly attractive destination for premium brands
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CBRE Romania has announced its exclusive involvement in the leasing strategy of H Știrbei Palace, a historical monument located in the heart of Bucharest. After the completion of the renovation works, Știrbei Palace aims to become a landmark shopping gallery for luxury brands in South-Eastern Europe.
The luxury goods market in Romania is estimated to generate EUR 535.82 mln in revenue in 2024, with a significant contribution from online sales (13.8 pct). Demand for luxury goods is growing, fueled by a population with a rising standard of living.
H Știrbei Palace is the ideal project for luxury brands that want a strategic presence in Europe, in a premium location. The Romanian retail market has proven its resilience and potential in CEE. We aim to transform Știrbei Palace into the city'
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