Gabriel Popoviciu Relaunches Baneasa Complex

Businessman Gabriel Popoviciu is preparing the relaunch of the Baneasa Complex, with the plan to start construction of the residential component in the fall, which will include thousands of apartments.

“We have not yet determined the final urban solutions for the entire project. The number of apartments will certainly be different (compared to when the project was launched in 2007). The market has evolved, and urban planning norms have also evolved. And we are going for concepts that will be current in 20-30 years,” said Gabriel Popoviciu.

In the initial plan, Baneasa Residential represented approximately 60% of the total area of the Baneasa Complex and proposed a total number of approximately 5,000 housing units. So far, 12 blocks with 227 apartments have been built, handed over in 2007-2008.

The development of the project is ensured by the company Băneasa Investments, of which USAMVB holds 49.8% of the shares, and the remaining shareholders are Comaliment (with 23.3% of the shares), Herăstrău (with 21.65% of the shares), ASD Miorița (about 5% of the shares) and Andrei-Mihai Bejenaru, with 0.007%.

Source: Profit.ro

Biopharma Invests EUR 85 million in Pharmaceutical Factory in Romania

Ukrainian biotechnology company Biopharma plans to inaugurate its production facility in Arad, Romania, at the end of 2027. Investments in the first stage are EUR 85 million, according to the company’s president, Kostiantyn Yefymenko.

“We have already completed the construction of the building, and by September 1 we will finish connecting all engineering infrastructure. We have already ordered the filling line. By the end of June we will sign contracts for the supply of reaction equipment and all other technological equipment. We will start operations in December 2027,” the company’s president, Kostiantyn Yefymenko, said.

Biopharma’s total investments in the factories in Ujhorod and Arad will reach about EUR 500 million.

Source: economica.net

Premier Energy Secures €825 Million Loan to Finance Acquisition of Distribuţie Energie Oltenia

Premier Energy PLC management has signed a Bridge Facility Agreement, worth up to EUR 825 million, with J.P. Morgan and UniCredit, to finance the acquisition of Evryo Group, including its electricity distribution subsidiary, Distribuţie Energie Oltenia S.A., as well as to refinance a portion of the company’s existing debt, amounting to approximately EUR 100 million.

“The Bridge Facility provides the committed funds necessary to complete the Acquisition and refinance a portion of the existing debt,” said José Garza, CEO of Premier Energy.

DEO operates a regulated electricity distribution network in the southwestern region of Romania, spanning approximately 80,000 kilometers and serving approximately 1.5 million customers. The network is a key component of the national energy infrastructure and is the third largest electricity distribution network in Romania.

Source: economica.net

Astorium Takes EUR 7.5 Mln Financing from tbi bank for Astorium Life Residential Project

tbi bank grants EUR 7.5 million financing to Astorium Construct Investment for the continuation of the second phase of the Astorium Life residential project in the Pallady area of the capital.

The loan is granted for a period of 24 months and will support the development of approximately 400 apartments. The Astorium Life residential project represents an investment estimated at over EUR 70 million and will include, upon completion, six blocks with approximately 640 apartments. The first two buildings, totaling 242 apartments, have already been completed.

“Astorium Life is a large-scale project, in an area of Bucharest that has grown rapidly in recent years and where the demand for modern housing remains solid,” says Marius Constantinescu, Head of Business Banking Sales, tbi bank Romania.

KronenPark Residences Announce the sale of 15 Residential Units in the Past Month

KronenPark Residences, the residential project developed by West Group in the Pipera-North Bucharest area, announces the sale of 15 residential units in the past month, with a total value exceeding EUR 3 million, covering all available typologies, from two-bedroom apartments to premium four-bedroom units.

Simultaneously, West Group announces that 90% of its construction teams have been contracted, a meaningful indicator of the project’s ability to meet its delivery schedule and reduce risks associated with handover.

KronenPark Residences is developed on a 23,000 sqm plot and comprises 547 apartments across 8 buildings. The project integrates smart home and BMS systems, 24/7 reception, concierge and property management, valet parking, exclusively underground vehicle access (810 parking spaces), and EV charging stations. A distinctive feature is the 15,000 sqm private park, which includes a promenade, a jogging and cycling track (~500 m), wellness areas and pet-dedicated spaces.

Iulius Mall Iași Launches €9 Million Modernisation Programme

Iulius Mall Iași has begun a modernisation programme valued at approximately €9 million, with completion scheduled for the first half of 2027.

The project, developed by Iulius and Atterbury Europe, will introduce new retail concepts, upgraded leisure facilities and improvements to the shopping centre’s technical infrastructure.

The retail component includes approximately 5,800 sqm of new commercial space, with store openings planned in phases beginning this summer. Recent additions to the property include an outdoor basketball court.

As part of the wider upgrade, the owners also plan to create a 2,000 sqm collaborative workspace aimed at students, entrepreneurs and professionals. The facility will provide more than 200 workstations and dedicated areas for creative and educational activities.

Modernisation works will also include upgrades to building systems designed to improve visitor comfort and increase the centre’s operational energy efficiency.

Romania Records Strongest Monthly Construction Growth in the EU

Romania posted the strongest month-on-month increase in construction activity among European Union member states in April 2026, according to data released by Eurostat.

Construction output in Romania increased by 10.3 percent compared with March, reversing a 0.6 percent decline recorded in the previous month. Hungary followed with a 6.9 percent increase.

On an annual basis, Romanian construction activity was 23.8 percent higher than in April 2025, making it one of the fastest-growing markets in the European Union. Only Slovenia recorded a stronger annual increase, at 31.6 percent.

The monthly growth in Romania was driven by all major construction segments, including residential buildings, which rose by 15.8 percent, engineering projects with a 13.9 percent increase, and non-residential construction, which advanced by 12.9 percent.

Leroy Merlin Reports Higher Sales Following Store Expansion

DIY retailer Leroy Merlin reported turnover of approximately RON 3.7 billion in Romania in 2025, representing an increase of around 9 percent compared with the previous year.

The growth followed the opening of three new stores during the year, including locations at Mall Moldova in Iași and the Supernova Lujerului and Supernova Pantelimon shopping centres in Bucharest.

The expansion increased the retailer’s network to 25 stores across 16 Romanian cities. Leroy Merlin is part of the ADEO Group, one of Europe’s largest home improvement retail operators, which manages more than 1,000 stores in 20 countries.

In Romania, the company employs nearly 3,500 people.

Foundever Expands Presence at Campus 6.3 in Bucharest

Customer experience services provider Foundever has expanded its office footprint in Bucharest’s Campus 6.3 office building, increasing its occupied space to 3,500 sqm. The new agreement doubles the area previously leased by the company.

The transaction was advised by Cushman & Wakefield Echinox, which also represented Foundever during its initial lease in the building.

Bogdan Bogatu, Director of Office Agency at Cushman & Wakefield Echinox, said the expansion reflects the company’s continued growth and underlines Bucharest’s role as an important location for customer experience and business services operations.

Campus 6.3 is owned by CPI Romania and is located in the Centre-West office district of the capital. According to CPI Romania, demand remains focused on office buildings that offer strong transport connections, modern workplace standards and sustainability features.

IULIUS and Atterbury Europe Allocate EUR 9 mln to Revamp Iulius Mall Iași

Companies IULIUS and Atterbury Europe are allocating EUR 9 million to revamp Iulius Mall Iași, located in the Tudor Vladimirescu university campus. The project focuses on optimizing the technical infrastructure, as well as on diversifying the commercial offer by bringing new and affordable brands.

Iulius Mall Iași features 27,000 square meters of leasable area. Since opening, the mall has undergone two expansions and substantial investments. The current upgrade project, set to be carried out over the course of this year and to be completed in early 2027, entails interventions in the technical systems, as well as opening new stores, with a focus on relevant experiences catered to youth and families.

“Considering the retail market in Iași, we offer a unique, differentiating mix, based on brand diversity, competitive pricing, and attractive options. The revamp reflects our desire to meet our visitors’ ever-changing needs, including the youth segment of our public, for whom Iulius Mall remains a relevant destination. We are investing in new facilities catering to youth, such as a new creative and coworking space, but we are primarily focused on integrating brands that are known for their value for money in segments such as fashion, footwear, cosmetics, home items, and gastronomy,” said Vlad Huţu, Shopping Center Manager Iulius Mall Iași.

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