Ambito Estimates a Turnover of EUR 10 million for 2026

tudor@cijeurope.com
11 November 2025
Other

Ambito, a company specialized in electrical installation design and construction, commercial and office space design and fit-out, and network contracting for residential buildings, closes the year 2025 with a turnover of EUR 9 million and reaches a team of 100 employees.

For 2026, the company expects revenues exceeding EUR 10 million and plans to continue its investment strategy by further developing the business line launched this year, assuming the role of general contractor for installation works in residential and non-residential buildings.

“In the current global context, the year 2026 offers few certainties, and whether we like it or not, decisions and their social implications will have a major impact. We are at a point where the structures of society are changing, both in terms of goals and the ways in which those goals are achieved. The economy is among the first segments affected by these new doctrines, as seen, for example, in the ongoing tax wars. The implementation of artificial intelligence, inflation eroding real incomes, and increasingly adopted protectionism are factors with a significant impact on the construction and real estate markets,” stated Robert Dorobanțu – Founder & CEO, Ambito.

BMF GRUP Surpasses 5,000 Employees and 15 Million sqm Under Management

tudor@cijeurope.com
11 November 2025
Other

Two years after signing the partnership with Sarmis Capital, an investment fund supported by the European Investment Bank (EIB) through the JEREMIE program, BMF GRUP has exceeded its initial objectives. In 2023, BMF GRUP started with a team of 2,000 employees, and within two years it has almost tripled this number, thanks to an organizational culture that places human resources at its core, offering continuous opportunities for professional growth and encouraging performance.

Surpassing the threshold of 5,000 employees and managing an area of over 15 million square meters confirms a sustainable scalability strategy based on human capital development and accelerated digitalization. Over the past two years, BMF GRUP has implemented intelligent management and predictive analysis platforms, increasing the speed of technological integration and operational efficiency.

“The evolution of BMF GRUP is the result of a clear vision, continuous investment in people, and applied innovation. Through these directions, we have turned performance into a working principle, not a distant goal,” stated Constantin Tomescu, President of BMF GRUP.

Cloud9 Launched Construction Work for the Second Phase of Cloud9 Evolution

Cloud9, part of the real estate division of Alfa Group, is launching the second phase of the Cloud9 Evolution project. The investment in the new development phase amounts to EUR 80 million, out of a total budget of EUR 170 million allocated to the entire project. Construction work continues to progress both for the first phase of the project, with an estimated delivery date in the next 12 months, and for the second phase, scheduled for completion in 2027.

Developed on an area of 3.2 hectares, Cloud9 Evolution will deliver a total of 1,148 apartments—studios and two-, three-, four-room units and penthouses, as well as the innovative 2.5-room layout—complemented by over 1,200 parking spaces. The second phase of the project will include 536 residential units and over 540 parking spaces.

“Cloud9 Evolution meets the principles of the 15-minute city, offering quick access to all points of interest and facilities required for a premium lifestyle. The first phase of the Cloud9 Evolution project is 50% sold, which has motivated us even more to begin development of the second phase. The vision for Cloud9 Evolution is to develop a coherent and dynamic master plan, in which residential buildings and lifestyle functions are harmoniously integrated into a unified, modern, and efficient urban ecosystem. Thus, starting in 2026, a modern educational facility will be inaugurated within the development, with the second phase bringing a series of complementary facilities, such as commercial spaces that will accommodate a cafeteria, artisan bakery, laundry, along with a fitness room, basketball court, and areas dedicated to wellness and socializing activities,” said Răzvan Brasla, CEO of Cloud9.

JW Marriott Bucharest Invests EUR 4 Million to Modernize Bucharest Hotel

The JW Marriott Bucharest Grand Hotel has completed a modernization project worth about EUR 4 million, marking the 25th anniversary of its opening.

The renovation project at the JW Marriott covered a total area of about 4,600 square meters and took three months. The work covered conference and event areas, adjacent lobby spaces, the new Vienna Lounge and The Grand Avenue shopping gallery.

The hotel, controlled by Austria’s Strabag Group, reported revenues for 2024 of RON 191 million, equivalent to about EUR 37.58 million, up 9% from the previous year.

In parallel, the Marriott International group has announced its expansion plans in Romania, which see the addition of five new properties and more than 550 rooms by the end of 2028.

CTP no Longer Buying P3

The deal by which CTP was to take over the entire activity of competitor P3 has fallen through, according to market sources. The value of the transaction would have been EUR 250 million.

The developer CTP had planned to buy the assets of competitor P3 in Romania, which owns a logistics park near Bucharest, with a leasable area of 380,000 sqm arranged in several buildings. This is the only park built by P3 locally and is owned by the sovereign wealth fund GIC.

“CTP maintained its 2025 forecast for EPRA adjusted earnings per share between 0.86 euros and 0.88 euros, but now expects to reach the lower end of this range after a planned acquisition in Romania did not materialize,” the financial report for the first three quarters shows.

Company officials say about the failed transaction that there were two restrictive conditions and that they decided not to proceed with the transaction.

Source: economica.net

Vasile Armenean and Remus Aurel Bența Start Residential Project in Bucharest

Entrepreneur Vasile Armenean, founder of Betty Ice, in partnership with Remus Aurel Bența, owner of the manufacturer of finishing materials for constructions Daw Bența, are preparing the last details of their first project developed on the premium residential market of Bucharest.

The two investors want to build on a land area of about 14,000 square meters, located on the Străulești entrance, no. 37A, a number of 426 apartments arranged in four building blocks of 9 floors each, each with 3 basements in which 613 parking spaces will be arranged.

The estimated value of the basic investment is about EUR 30 million. “We estimate the start of works in the spring of 2026. We are now working on the authorization,” said Vasile Armenean.

Source: Profit.ro

Globalworth Appoints 2 Executive Directors

tudor@cijeurope.com
11 November 2025
Jobs

Globalworth announced the resignation of CEO Dennis Selanis and the appointment of two executive directors in his place.

Roy Vishnovizki, former general manager at TLG Immobilien and Hagag Group Real Estate Development, and Piotr Olendski, non-executive director on the board of Globalworth, will lead the company as co-executive directors.

Selinas, who served as CEO of Globalworth for the past three years, has decided to step down to pursue other opportunities, according to the company.

In Romania, Globalworth owns commercial properties with a total value of 1.2 billion euros and is the largest owner of office buildings in the country.

Source: Profit.ro

Building E Marks the Completion of Vivenda Residencias

Building E of Vivenda Residencias, on which sales have recently started, marks the final stage of the project launched in 2007. Upon the completion of Building E, Vivenda Residencias will total 1,400 apartments.

“In a market context marked by challenges, from limited access to bank financing to rising construction costs and labor shortages, we observe a qualitative evolution of residential projects”, said Romeo Ghica, Operations Manager of Hercesa Romania. “Potential buyers are more cautious, yet the interest in well-built, energy-efficient and strategically located homes remains constant. By developing multiple projects simultaneously, we adapt to current market conditions, maintain our focus on quality and anticipate the direction in which demand is heading”, added Romeo Ghica.

Romania: Real estate transactions edge up in October, but remain below last year’s level

Romania recorded 58,502 real estate transactions in October 2025, according to data from the National Agency for Cadastre and Land Registration (ANCPI). The monthly total represents an increase of 3,242 transactions compared with September, but activity remained lower than a year earlier. The number of properties traded — including houses, land and apartments — was 9,496 fewer than in October 2024.

Bucharest continued to lead the market with 8,829 transactions, followed by Ilfov (3,981) and Cluj (2,929). The lowest activity was reported in Teleorman (56 transactions), Covasna (394) and Sălaj (411).

At city level, most sales were recorded in Cluj-Napoca (1,096 transactions), Brașov (1,079) and Iași (877). The smallest number of transfers took place in Alexandria (21), Slatina (64) and Slobozia (71).

Mortgage activity also slowed. A total of 34,084 mortgages were registered nationwide in October, down 4,268 compared to the same month of 2024. Bucharest again led with 4,381 mortgages, followed by Constanța (2,942) and Ilfov (2,876). The lowest numbers were recorded in Sălaj (82), Harghita (88) and Covasna (102).

Sales of agricultural land were most active in Dolj (1,341 transactions), Timiș (613) and Buzău (580).

Source: ANCPI

Strategic Shift in Slovakia’s Industrial Market: Efficiency Over Expansion

Rising vacancy rates, cautious occupiers and a slowdown in automotive production have reshaped Slovakia’s industrial and logistics market. Speculative projects completed in 2025 added significant new supply, just as demand from Germany weakened and e-commerce occupiers became more selective.

To explore how developers and investors are adjusting, CIJ EUROPE sat down with Tomáš Ostatník, Real Estate Executive at Holland & Company, a commercial leasing and development specialist active across Slovakia.

After an unprecedented wave of new industrial completions, Slovakia’s logistics property market has entered a new phase — one defined less by rapid expansion and more by strategic consolidation and technical efficiency. The surge in supply collided with a shift in tenant behaviour and weaker leasing activity from automotive suppliers, forcing both developers and occupiers to rethink how space is planned and used.

According to Ostatník, the market continues to function, but the conversation has changed. Instead of competing for any available space, tenants are now focused on specifications that support automation, lower operating costs and meet ESG requirements. “Demand hasn’t stopped,” he says. “But tenants now focus on quality — clear height, automation readiness, ESG — not just square meters.”

A recent relocation of a major e-commerce company from GLP Senec to Mountpark Bratislava illustrates this shift. The decision was driven not by rent levels, but by technical parameters: ceiling height, layout, and the ability to integrate automation systems.

The investment market is undergoing a similar transformation. Institutional demand is high, but buyers want long-term income security. The sale-and-leaseback transaction involving DSV in Senec demonstrated that assets leased for ten years or more remain highly competitive. Ostatník notes that more logistics and production companies are exploring built-to-own and then sell models: developing a tailored facility that fits their needs, then selling the property to an investor once it is operational. “This allows tenants to monetize development gains instead of simply committing to a long lease with a third-party developer,” he explains.

Geography is also evolving. Historically, development concentrated on the Bratislava–Trnava corridor. Now, attention is shifting eastward, driven by new investments connected to the Volvo automotive plant and, longer term, the anticipated reconstruction of Ukraine. While the western region will stay strong due to established logistics routes, Ostatník says the east “is where the new opportunities are forming.”

At the same time, tenant behaviour reflects a more cautious economic environment. Rather than moving into new facilities, many occupiers are renegotiating existing leases or seeking small expansions. Higher vacancy rates mean developers with speculatively completed stock are more willing to offer incentives to attract tenants, while build-to-suit landlords are maintaining firmer positions.

Sustainability and efficiency have become universal themes in negotiations. Tenants expect modern buildings to be energy-efficient, solar-ready and adaptable to advanced automation. Consolidation is accelerating, with companies looking to bring multiple smaller units into one larger, more efficient facility to reduce energy costs and transportation complexity.

Ostatník believes that the stabilization seen at the end of 2025 is healthy for market maturity. “Well-located assets will remain competitive, but the next wave will come from new regions and new occupier profiles,” he says. Urban-adjacent last-mile logistics and strategically positioned projects in eastern Slovakia are expected to generate the next phase of investment and leasing activity.

Slovakia’s industrial and logistics sector is no longer driven by the speed of development, but by performance. The focus has shifted toward flexibility, efficiency, ESG compliance and the ability to adapt to new supply chain models. In a maturing market, one constant remains: strong tenants and good locations always find capital.

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