The Concept Appoints Vladimir Pilca as CEO

The Concept, an integrated real estate consultancy and brokerage platform operating in Romania and Poland, announces the appointment of Vladimir Pilca as CEO.

His mandate will focus primarily on strengthening the company’s operations in Romania, expanding its portfolio of projects and clients, growing its business in Poland, and preparing the company’s entry into new regional markets. At the same time, Vladimir Pilca will oversee the executive team and the implementation of the performance objectives established at group level.

Under the new leadership structure, Daniel Tudor, the company’s Founding Partner, will take on the role of President of the Board, focusing on strategic direction, the development of institutional partnerships, and supporting the group’s regional expansion.

To date, the company has provided advisory services for the commercialization and investment positioning of more than 130 residential developments, comprising over 6,000 apartments.

“This appointment does not represent a change in direction, but rather the natural evolution of an organization that has reached a higher level of complexity. The Concept already has clear processes, measurable objectives, an established management team, and a proven operating model across relevant projects. Vladimir brings the experience required to scale this platform, maintain operational discipline and execution quality, and, at the same time, accelerate the company’s expansion in Romania and across the region,” said Daniel Tudor, President of the Board & Founding Partner, The Concept.

Vastint Prepares its first Hotel in Romania on the site of the former Dîmbovița shoe factory

Real estate developer Vastint is preparing a large real estate project on the site of the former Dîmbovița shoe factory in Bucharest. The project also includes the company’s first hotel in Romania, which will be operated internationally and will have 4 stars, with over 120 rooms. The company is also analyzing the option of including apartments.

Vastint began the demolition process of the former Dîmbovița shoe factory last year. The investor has accumulated, through multiple transactions, several plots of land with a total area of ​​almost 2 hectares. The transactions were carried out at a cumulative value of approximately EUR 22 million.

 

“Until the moment we bought Dîmbovița, we were firmly convinced that we would build the hotel at Timpuri Noi Square, with all the technical constraints involved. In the second phase of Timpuri Noi Square, 3 buildings were considered. We reconfigured the tower, we gave up the hotel, the building altogether, and we created the same volume in two buildings. This was after we realized that why bother? Technically we could also build that building, that we could find a solution that would be independent, but would generate a different kind of traffic. But, we said that since we bought Dîmbovița, let’s think about it there and go in this direction. So the concept and analysis on that land is in this direction, to include the hotel,” said Antoniu Panait, Managing Director of Vastint Romania.

 

Source: Profit.ro

Hagag Acquires the Project of the Largest Data Center in Romania

Real estate investor Hagag has signed a contract to acquire the Romanian company Npower Solar Energy, which will develop the largest data center in Romania so far, with a capacity of between 120–125 MW IT (168–175 MW) in southern Romania.

 

However, the transaction is conditional. The project company has committed to obtaining the technical approval for grid connection (ATR) within 4 months from the date of signing the binding agreement that follows this memorandum, and in the next 12 months the project must reach the “ready-to-build” stage with all the necessary approvals. Also, the transaction will fail if within 12 months Hagag does not secure an end customer for the project or if, previously, it will be reasonably established that such a customer will not be identified during this period.

 

The total value of the transaction is EUR 67.5 million, which will be paid in installments, depending on the progress of the project.

 

Source: economica.net

Panattoni Returns to Romanian Market and Settles in Ethos House building

The Americans from Panattoni have re-established their company in Romania. The new company, Panattoni Romania Development SRL, has settled in Ethos House, on Iancu de Hunedoara Boulevard in Sector 1 of the Capital, a building owned by Pavăl Holding.

 

It is the group’s second attempt on the local market, and the first one ended without a single square meter delivered. Panattoni is the largest private developer of industrial spaces in the world, with 58.2 million square meters developed since its establishment. The European division, headquartered in Warsaw, has delivered over 22 million square meters.

 

The group is present in the United Kingdom, Germany, France, Italy, Benelux, Poland, Spain, Portugal, the Czech Republic, Slovakia, Hungary and the Nordic countries, and has recently entered the data center segment.

 

Source: zf.ro

Stay Fit Gym Opens new Location in RIVUS in Cluj-Napoca

Stay Fit Gym will open a club of over 1,200 square meters in RIVUS, the EUR 550 million mixed-use project developed by IULIUS and Atterbury Europe on the former Carbochim industrial platform in Cluj-Napoca.

 

The new club will include areas for strength, cardio and functional training, as well as cycling and group classes.

Stay Fit Gym currently operates 74 clubs in 26 cities and has over 65,000 members.

 

“The local market remains an important one in our development plans and we continue to see significant growth potential here,” says Marius Preodişteanu, Founder & Head of Expansion Stay Fit Gym.

 

Home Deliveries, up by 117% in Q2 in Bucharest–Ilfov

Nearly 7,000 new homes were completed in the Bucharest–Ilfov region in the second quarter of this year, up 117% compared with the same period last year, according to data from Romania’s National Institute of Statistics (NIS).

 

This is therefore the highest volume of housing completions recorded in the second quarter in Bucharest–Ilfov over the past decade, and the second-highest number of completed homes in any quarter analysed. According to INS data compiled by SVN Romania, the only higher quarterly volume recorded in the past 10 years was in the final quarter of 2021.

 

At the same time, nearly 10,800 homes were completed in Bucharest–Ilfov in the first six months of this year, an increase of 53.6% compared with the same period last year. Nationally, housing completions rose by around 30% in the first half of the year. Excluding Bucharest–Ilfov, the strongest increases were recorded in the Western region (Arad, Caraș-Severin, Hunedoara and Timiș), at 85%, and in the Central region (Alba, Brașov, Covasna, Harghita, Mureș and Sibiu), at 45%.

 

At the beginning of this year, SVN Romania estimated that more than 20,500 new homes could be delivered in Bucharest and Ilfov in 2026, an increase of approximately 18.5% compared with last year’s result, when the second-lowest number of homes in the past six years was delivered in the Bucharest region.

 

“As we estimated, 2026 is bringing a much larger supply of newly completed homes compared with previous years. Against this backdrop, the less than 1.5% decline in residential sales recorded in Bucharest and the surrounding area in the first six months is an encouraging result. However, many projects will still need to adjust their business plans and sales strategies to cope with increased competition,” said Mircea Marin, Managing Partner, SVN Romania New Homes Division.

 

Speedwell Names Răzvan Enache Executive Director of Development for Local Operations

Speedwell has appointed Răzvan Enache as Executive Director of Development for Local Operations. Enache brings 25 years of experience in real estate and construction and joins the company after serving as general manager of Ţiriac Imobiliare. During his career, he has been involved in projects including Ţiriac Tower, Stejarii 2, Timişoara Retail Hub & Residential and Braşov Residential. He previously worked at Skanska Romania, where he participated in the development of the EQUILIBRIUM office project, and held management positions in real estate and asset management at BCR, Erste Group and Erste Group Immorent.

In his new role, Enache will coordinate the development of projects already in Speedwell’s portfolio. These include QUEENS District in Bucharest’s Aviației area, THE IVY near Băneasa Forest, GLENWOOD ESTATE in Corbeanca and PALTIM in Timişoara.

RRG marks 20 years in Romania, with €60m Lakeside11 project underway

RRG Real Estate Group is marking 20 years on the Romanian real estate market, with the developer now working on its largest project to date, Lakeside11.

 

The company has invested more than €65 million in real estate development since entering Romania, with projects including Linda Residence, Lighthouse and Park Avenue 96.

 

Located on the shores of Lake Străulești in northern Bucharest, Lakeside11 is planned as a low-density, business-class residential development, with a total investment of approximately €60 million. The first phase accounts for around €20 million, of which approximately €13 million has already been invested, including around €4 million in 2026.

Vastint Romania launches The Venue Timpuri Noi

Vastint Romania, part of VASTINT Group, has launched The Venue Timpuri Noi Square, a dedicated space for conferences, meetings and events, further opening the project to the business community and the city.

 

With approximately 400 sqm of indoor space and a 300 sqm terrace, the highly flexible and fully equipped venue can accommodate a wide range of event formats, from intimate meetings to conferences for approximately 300 participants. The Venue is open not only to Timpuri Noi Square tenants, but also to all the companies looking for a fresh, modern and versatile setting for their events.

 

One of The Venue’s key advantages is the ecosystem around it. Located next to Timpuri Noi metro station, it offers easy access from different areas of Bucharest, while the restaurants within Timpuri Noi Square can complement events with a variety of catering options. This combination makes it possible to organize conferences, business meetings and social events in one well-connected destination, with many of the services guests and organizers may need available within the project.

 

The Venue’s interior concept was developed by turnerbates Design & Architecture, a London-based studio working across hospitality, workplace, leisure and mixed-use projects. Partnering with Vastint across Europe since 2017, the studio led the concept design and provided technical assistance throughout the construction works, translating the site’s industrial heritage into a flexible venue for business, cultural and social events.

 

“The Venue represents the Vastint teams continued evolution in how the mix of blended environments for work and leisure and social interaction, are at the forefront of their strategy.

Our design approach was to make the space flexible enough to accommodate a formal business conference but also have the personality for a private function such as a wedding or birthday party,” said Howard Bates, co-founder of turnerbates Design & Architecture.

 

“The concept drew inspiration from a traditional gallery space, creating a flexible backdrop that can adapt to different uses and evolve over time.

With this in mind, the material palette is deliberately restrained. Brick, steel and concrete reference the site’s industrial heritage, whilst offering practical and robust qualities. These are paired with warm lighting and softer elements, including fabric curtains and wood wool ceilings, providing comfort and enhancing the acoustic qualities of the space.

Art and curation were also central to the design. We created a series of large-scale bespoke abstract collages, alongside a carefully curated selection of work by local artists. Together, these pieces bring colour and character to the space, whilst reflecting the local community and creating a strong sense of identity.”, added Joanna Gomm, Lead concept designer and Associate Design & Architecture.

 

The resulting space is designed to be both adaptable and distinctive, providing a versatile setting that can transition seamlessly between business, cultural and social events.

 

“For us, The Venue is more than just a new facility added to the project. It is another reason for people to come to Timpuri Noi Square even if they do not work here, and another way for the project to come to life beyond regular office hours. Also, something I find increasingly valuable, especially in a city like Bucharest, is proximity. Being able to work, have lunch, exercise, meet people or attend an event without spending a significant part of the day travelling from one place to another ultimately means gaining valuable time. And time is the new luxury. In real estate, we build for decades, and all three phases of Timpuri Noi Square reflect this principle. That is why, for me, the question is not only what the market wants today, but what will make a place remain relevant 10, 20 or 30 years from now. I think less about buildings as physical objects and more about the life that will unfold in and around them.,” declared Antoniu Panait, Managing Director, Vastint Romania.

 

The development strategy for Timpuri Noi Square reflects a broader vision for the project: to evolve from a traditional office development into a fully integrated urban destination, where workplaces are complemented by dining, events, services and spaces designed for interaction, creating a place that remains active and relevant well beyond office hours.

 

Timpuri Noi Square is the project that best embodies the Vastint team’s philosophy. Conceived from the beginning as a mixed-use development, the project, which began in 2010, was planned in three phases. The first three buildings, totaling 52,100 sqm of GLA, have been completed and are fully leased.

The second phase, currently at an advanced stage of construction – with the structure 100% completed, architecture works at 45%, MEP installations at 75% and the façade at 65% – is the largest office development currently under construction in Bucharest. It will add 60,000 sqm of GLA across two buildings, TN04 and TN05, as well as 690 parking spaces, 1,700 sqm of photovoltaic panels and 200 geothermal wells. The project also features façades designed to deliver genuine energy efficiency, full redundancy of technical equipment and the complete elimination of natural gas, a first for the local market.

Timpuri Noi Square 2 project is set for completion in Q4 2026 and fully operational in 2027.

Nusco Secures EUR 21.4 Million in Financing from Exim Banca Românească

Nusco has signed a EUR 21.4 million financing agreement with Exim Banca Românească. The agreement is intended to refinance certain assets in the company’s portfolio, as well as support its ongoing investment projects.

 

“For Exim Banca Românească, supporting companies with solid development plans means not only providing access to financing, but also offering efficient and competitive solutions tailored to their growth objectives. We are focused on supporting investments with a significant economic and urban impact, such as those developed by Nusco, which contribute to the transformation of cities, stimulate economic activity and create long-term value for the community,” stated Traian Halalai, Executive President of Exim Banca Românească.

 

The majority of the financing provided to Nusco will be used to continue developing the company’s assets, while the remaining funds will be used to close a previous credit line held by the real estate developer.

 

“This financing reaffirms the confidence our partners have in Nusco’s vision and development strategy. Our projects have grown alongside strong and trusted financial partners, and our cooperation with Exim Banca Românească represents another important step in this direction. Developing sustainable projects that are relevant to the community is possible through strong, long-term partnerships, while cooperation between developers and financial institutions is essential for creating modern and sustainable spaces that contribute to the development of cities and improve quality of life,” stated Michele Nusco, CEO of Nusco.

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