iO Partners Appoints Andrei Văcaru as Managing Director for Romania

tudor@cijeurope.com
4 December 2025
Jobs

iO Partners is entering a new leadership chapter in Romania with the appointment of Andrei Văcaru as Managing Director from 1/1/2026. Andrei has been part of the company’s backbone for 18 years.

“Andrei has shaped this organization in ways few people have, and his judgment has been a stabilizing force through every transition we’ve gone through”, said Charles Boudet, CEO of iO Partners. “His appointment brings the continuity and market understanding we need as we move into the next phase of growth.”

“Stepping into this role feels like a natural continuation of the work we’ve been building for many years. I’ve worked through many stages of this company’s development, and that perspective helps me understand what differentiates us and what makes us strong. We have skilled people, solid partnerships and a clear direction. My focus now is to bring stability where it’s needed and pace where it matters”, said Andrei Văcaru, Managing Director of iO Partners Romania.

LPP Logistics Signs with CTP for a New Distribution Center

LPP Logistics has signed a lease agreement for a new Distribution Center in Romania. The 11-year lease agreement, signed for a space in CTPark Bucharest West, aims to increase the operational efficiency of the LPP Group in the markets of South-Eastern Europe.

In the first stage, the new unit will allow the supply of LPP stores in Romania, Bulgaria and Greece, and in the following years it will support other markets in the region.

The lease agreement was signed for a new unit with an area of almost 60,000 sqm, located in the immediate vicinity of the fulfillment center inaugurated in October 2025, is of significant importance for the efficient functioning of the entire logistics network. LPP Logistics ensures the logistics of the Reserved, Cropp, House, Mohito and Sinsay brands.

The first part of the center will be put into operation at the end of the first quarter of 2026.

Source: Profit.ro

Fabrica de Profile Appoints Valentin Ivănescu as CEO

tudor@cijeurope.com
4 December 2025
Jobs

Fabrica de Profile, one of the most important Romanian producers of decorative profiles, architectural details and design solutions for both interior and exterior spaces, appoints Valentin Ivănescu as Chief Executive Officer.

“From the moment I founded Fabrica de Profile, I had a clear vision: to bring identity into every space, to give it life, to fill spaces not with simple decorative objects, but with elements that convey feelings and emotions. I started everything with a simple idea, a few people and a lot of passion, and today we are a team that delivers quality, innovation and emotion in every product. Valentin joining our team is a natural step in the company’s maturation. He has the experience, energy and clarity of vision we need to take Fabrica de Profile to the next level, one in which we will focus on brand consolidation, operational efficiency and expansion,” stated Dan Panciu, founder of the company.

“FDP is a brand built on authentic values: passion, rigor and respect for detail. I am happy to join a team that believes in excellence and innovation, at a time when the company is entering a stage of maturity and expansion. My role will be to amplify this energy and turn potential into performance. 2026 will be a year of challenges, but also of opportunities, and together with the FDP team we will transform elegance and emotion into concrete results,” says Valentin Ivănescu – CEO of Fabrica de Profile.

IULIUS Takes + EUR 305 million Refinancing

IULIUS is strengthening its development strategy with a new syndicated loan facility amounting to + EUR 305 million. It is an action in premiere, being a unitary refinancing of a portfolio of multiple buildings, with distinct functions, part of a mixed-use project – Palas Iași. The loan is granted by a bank syndicate comprising Erste Group Bank Austria, BCR, Raiffeisen Romania and Raiffeisen Bank International Austria. The financing will provide the required capital for the remodelling of Palas Iași, and will support the implementation of the company’s projects under development.

“IULIUS has successfully completed a major step in the optimization of the resources and costs related to the loan portfolio, by signing a refinancing of 305.6 million Euros. It is a strong confirmation, on banking and real estate level, of the relevance, impact and quality of the IULIUS’ projects, where the synergy of the retail, office and entertainment functions strengthens their position as regional business, shopping and lifestyle destinations in the long run, and increases their resilience. With this transaction, the IULIUS group reaches a historic landmark in 2025, with a total of financing of more than 700 million Euros attracted within a year, also including the largest green loan obtained by a project under development – RIVUS Cluj-Napoca, of +400 million Euros in May. It is a result that provides the liquidity required for the development of the new projects that IULIUS is doing. At the same time, we continue our strategy of diversification of the lender base, by adding Raiffeisen Romania and Raiffeisen Bank International Austria to the portfolio of national and international banking partners, alongside Erste Bank, a strategic partner strategic of the group”, said Marius Perșenea, Chief Operating Officer of IULIUS.

Globalworth Has Started Construction of Green Court D

tudor@cijeurope.com
4 December 2025
Office

Globalworth Romania has started the construction of Green Court D, the fourth building of the Green Court complex in the Aurel Vlaicu area, a new development supporting Bucharest’s sustainable growth, scheduled for completion in 2027. The project is in the preliminary construction stage, which involves the construction of the enclosure and excavations for the basement structure.

Green Court D will offer approximately 16,500 sqm of modern office space, located on the ground floor and 11 floors, while benefiting from three dedicated underground parking levels. The new project in Globalworth’s portfolio represents the company’s most technologically advanced and energy-efficient building, setting new performance standards in terms of sustainable evolution in the real-estate field. The project has already secured a 30% pre-lease rate, reflecting strong market interest.

“Our latest project, Green Court D, combines state-of-the-art technology and green solutions with sophisticated and comfortable spaces, strengthening Globalworth’s position as the largest business community in Romania. The strong demand – 30% of the area already leased, shows the market’s appreciation for a premium project, which sets new standards in the office segment in Romania.”, said Ema Iftimie, Managing Director Globalworth Romania.

The new development will feature advanced technologies that enhance energy efficiency, such as a geothermal system with 19 wells drilled at 125 m, heat pumps and air-cooled chillers with Free-Cooling, using the environmentally friendly refrigerant R1234ze (GwP < 10) and air handling units equipped with high-performance heat and humidity recovery systems. Also, the building will benefit from the most advanced photovoltaic installation in Globalworth’s portfolio, with an installed power of 168 kWp, full LED lighting, contributing to reduced electricity consumption, complemented by EC-motor fan coils in tenant areas for enhanced efficiency and reduced noise levels, as well as a video analytics-based surveillance system.

Global Vision Investment Fund S.A. signs refinancing agreement with Raiffeisen Bank Romania

Global Vision Investment Fund, an investment and real estate development platform founded by the Global Vision group, has signed a refinancing agreement worth of 4.5 million EUR with Raiffeisen Bank Romania for its retail asset in Oradea. The development is anchored by ATAC by Auchan under a long-term lease agreement and has earmarked landbank for a planned retail gallery.

“This financing represents the final step in consolidating an investment that aligns perfectly with our highly selective policy of investing only in quality assets with long-term lease agreements. Thus, ensuring a portfolio with granular exposure and above benchmark yields, resilient to both real estate market cycles and economic cycles,” stated Sorin Preda, CEO and Founder Global Vision.

GVIF continues its investment expansion, with a current project pipeline exceeding 100 million EUR in various development stages. These include assets from the retail, industrial–logistics, data center, office, and residential segments. The production facility for Diehl Aviation and Corner Office Building, developments worth over 30 million EUR that are becoming landmarks in their respective market segments are the most recent announced projects.

The platform, open to other investors, maintains its accelerated growth strategy, aiming in the coming years to reach a cumulative portfolio of up to 1 billion EUR through acquisitions, developments, conversions, and expansions. This strategy reflects GVIF’s commitment to generating long-term value, supporting the evolution of regional economic infrastructure, and offering new opportunities for investors.

For this transaction, Global Vision received legal assistance from Filip & Company.

M Core officially opened M Park Orăștie

tudor@cijeurope.com
2 December 2025
Retail

M Core inaugurated M Park Orăștie, a new retail park. The project is located on a 23,000 square meters plot and includes a built-up area of approximately 5,500 square meters. It includes modern commercial units, on a single level.

“M Park Orăștie is another solid example of how we are building a resilient and long-term retail platform in Romania. The fundamentals of this market remain strong, and our strategy is to invest in locations with sustained demand, stable tenants and real growth potential. This opening reflects the dynamics of our portfolio and the confidence we have in the important role that proximity retail plays for communities and brands,” said Sebastian Macdonald-HHall, Co-CEO Romania and Chief Investment Officer (Europe), M Core.

Part of the former Bancorex headquarters building is being demolished

Part of the former Bancorex headquarters building is being demolished. AFI bought the former Bancorex headquarters from Immofinanz, part of CPI Property Group, last year. The Israelis spent 27.5 million euros on the building and have approved renovation plans.

The construction works were authorized by the former mayor, Nicușor Dan, and the partial demolition began in September. Upon completion, the building will have over 29,000 sqm. The estimated costs for completion are EUR 68.9 million, excluding the acquisition cost. In total, the building will exceed the value of EUR 100 million.

The modernization works are estimated to be completed in 2028, and the annual rent generated by AFI Central Tower will be EUR 9.3 million.

Source: economica.net

Greek firm Bobotis+Bobotis Architects officially enters the Romanian market

tudor@cijeurope.com
2 December 2025
Other

Athens-based architecture firm Bobotis+Bobotis Architects officially enters the Romanian market, marking an important step in its international expansion strategy.

The company’s portfolio includes residential, commercial, cultural and infrastructure projects.

The Greek firm has had a number of successful collaborations with major developers in Romania, including One United Properties, for flagship projects such as One Floreasca City, One Lake Club, One Lake District and One Peninsula; Globalworth, for the design of the Conference Hall in Globalworth Campus; Alesonor, for Villa 9 in Amber Forest; HBC Development, for Fzeen by Floreasca Lake and private villas in the region.

“Romania is an inspiring, dynamic, ambitious market with a genuine respect for architecture that enhances both urban life and people’s experience,” said Lukas Bobotis, Co-Founder of Bobotis+Bobotis Architects. “We are delighted to strengthen our local presence, continue our partnerships and contribute to the development of a new generation of contemporary and sustainable spaces.”

Source: economica.net

Real estate developer AFI secures EUR 537 mln refinancing

Real estate developer AFI has secured a EUR 537m refinancing package for three major projects in its portfolio, AFI Cotroceni, AFI Braşov and AFI Ploieşti, the largest refinancing in the real estate sector in Romania.

The financing was provided by Erste Bank, Banca Comercială Română SA, Raiffeisen Bank SA, Raiffeisen Bank International and Unicredit Bank SA, represented by law firm Dentons. AFI was assisted by law firm CMS.

“This refinancing reflects the solid confidence that our financial partners have in AFI’s portfolio and in the long-term potential of the Romanian market. We remain committed to our development and consolidation plans, in line with our mission to deliver sustainable, high-quality projects that meet the ever-changing needs of our communities and clients,” said Doron Klein, Deputy CEO of AFI Group and CEO of AFI Romania.

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