Nusco Brings the First Medicana Hospital to Nusco City

Nusco has signed a partnership with Medicana Health Group to develop a hospital within Nusco City.

With a capacity of approximately 120 beds, the facility will operate as a general hospital, offering all essential medical specialties to meet the needs of patients from Bucharest and across the country.

The first Medicana hospital in Romania will be built on a 4,000 sqm plot and will cover a total area of approximately 22,000 sqm – including 16,000 sqm above ground and 6,000 sqm underground, designated for parking and all specialized medical facilities.

“The Medicana Hospital is a project very close to our hearts at Nusco. We want to bring renowned international operators into the community, just as we did with the Hyatt Hotel. This is how we’ve chosen to open the gateway to Nusco City and position our residential project as a symbol of urban revitalization in Bucharest’s social and business landscape. Quality of life means – above all – caring for ourselves and our loved ones, which is why we are truly delighted to contribute to this major milestone,” states Michele Nusco, CEO of Nusco.

Construction work on the Medicana Hospital will begin at the end of 2026, with the medical facility set to open its doors in late 2028.

“As the lead consultant for this project, I am proud that Fortim Trusted Advisors successfully supported Medicana in entering the Romanian market. Identifying and securing the right location within Nusco City was the result of an extensive process, and we believe it is the ideal place for an operator of this caliber in the medical sector. This transaction demonstrates not only the strong potential of one of Bucharest’s most dynamic growth areas, but also the value of fully dedicated advisory services,” said Nicolae Ciobanu, Managing Partner and Head of Advisory at Fortim Trusted Advisors, a member of the BNP Paribas Real Estate alliance.

Procter & Gamble Moves its 700 Employees to Yunity Park

The American company Procter & Gamble is set to move its headquarters in Bucharest to the Yunity Park buildings of real estate developer Liviu Tudor, in the context in which the current headquarters in Iride will be demolished by the new owner, businessman Alin Niculae, according to sources in the real estate market.

P&G has extended its lease for its current headquarters, which occupies approximately 6,000 square meters within Iride Business Park, but, in parallel, has secured the lease of another 6,500 square meters in the neighboring office buildings, Yunity Park.

The two business parks are located in the vicinity of the Pipera metro station in Bucharest. Both lease transactions were brokered by the real estate consulting company IO Partners.

Source: Profit.ro

Pavăl Brothers Acquire Land in Pitesti

The DIY chain Dedeman, controlled by the Pavăl brothers, has purchased land in Pitesti from retailer La Cocoş, where one of the first hypermarkets in Romania, Pic, operated.

Supermarket La Cocoş sold this land after recently opening its first store in Pitesti, in the Supernova shopping center, just 1.5 km away, in the same area, instead of a Carrefour hypermarket.

It is not clear what the Pavăl brothers will do with the space, yet. There is a Dedeman store in Pitesti, but on the opposite side of the city, but a competitor of Dedeman, Brico Depot, has a store located very close to the space it has just purchased.

Developer 1Development Begins Work on Nordului 50 Project

Developer 1Development begins work on Nordului 50, an exclusive boutique building near Herastrau Park.

The project is built on a 3,200 sqm plot, and the works are planned to be completed in spring 2027. The Nordului 50 complex will have 29 apartments and two ultra-premium penthouses. The building will have two underground levels for shared parking and 6 above-ground levels.

For the execution of the project, 1Development has appointed the company Bog’Art. At the same time, the project is designed to obtain BREEAM certification, for sustainability and energy efficiency.

Nhood Announces a Strategic Partnership with Reuben Brothers

Nhood has announced a strategic partnership with Reuben Brothers, a leading international real estate investor. The partnership will focus on transforming the former Solventul industrial platform in Timișoara, an iconic site with a history dating back to 1869.

The site will be transformed into a primarily residential area, complemented by integrated retail, office, service, and public amenities. The project is designed to support a mix of secondary functions and create a sustainable, resilient development model.

“For Nhood Romania, the trust placed in us by Reuben Brothers confirms our position as a strategic partner for top-tier investors. The Solventul project is the largest urban regeneration initiative in the western part of the country, and we are delighted to be able to contribute to transforming this area into a vibrant urban hub with a positive impact on the community and the economy,” said Bogdan Aldea, Head of Business Development, Nhood Romania.

DHL Express Opens its First Carbon-Neutral Logistics Center in Romania

DHL Express Romania has inaugurated its new operational center at VGP Park Bucharest North, Ștefăneștii de Jos. The facility, located at Șoseaua de Centură nr. 46, marks a historic milestone for DHL Romania as the company’s first carbon-neutral operational hub in the country, representing an investment of over EUR 5 million.
The new logistics center is specialized in processing parcels arriving in Bucharest by air and road from anywhere in the world, with the purpose of significantly increasing the sorting and processing capacity for international shipments. The site covers a total area of 4,130 sqm, of which 3,604 sqm are dedicated to warehouse activities, while 526 sqm host the modern offices for employees at this site. The complex also includes 23 parking spaces.

The new operational center at VGP Park Bucharest North operates in an innovative building certified BREEAM Excellent, meeting the highest sustainability standards. The facility uses heat pumps for heating, ensuring superior energy efficiency and minimal environmental impact, while eliminating the need for gas. Key features include: a comprehensive Building Management System (BMS) for efficiency and reliability, electric mobility infrastructure with 25 charging stations offering 50 charging points, energy-efficient LED lighting with motion sensors and automated control systems, a high-efficiency HVAC system that helps reduce CO2 emissions, as well as advanced thermal insulation to lower energy consumption.

Kaufland Hypermarket to Open at Family Market Tomești

Family Market, IULIUS Company’s convenience retail concept, has partnered with the Kaufland hypermarket for the project it is developing in Tomești Commune, Iași County. With an investment value of EUR 28 million, the project will comprise ample leasable premises (approximately 16,000 sqm) and will use the same format as the other two Family Market developments in Miroslava and Bucium, integrating a hypermarket, services, green spaces, and leisure areas.

The Kaufland hypermarket will span approximately 4,000 sqm and will be the anchor store of the project.

“Our partnership with Kaufland is a premiere for IULIUS Company’s retail network and marks the beginning of a collaboration driven by one common goal, namely to bring a modern format, with diverse, relevant, and accessible products, catering to customers’ everyday needs closer to the community. Kaufland is a retailer appreciated for the quality of its products, its diverse offer, and integration of local brands, and we are delighted to join forces and be able to provide Tomești locals with the products and services they want, as well as easier access to them,” said Oana Diaconescu, Head of Leasing IULIUS.

Check Out The List Of Nominees For The CIJ Awards Gala Romania 2025 – Service Providers & Leadership

CIJ EUROPE is delighted to announce the preliminary list of nominees for the 18th edition of the CIJ Awards Gala Romania, taking place on December 4th, at the Radisson Blu Hotel in Bucharest.

Please find below the initial list of outstanding companies that have shaped and defined Romania’s real estate market throughout 2025. Each nomination reflects the innovation, excellence, and leadership that continue to drive our industry forward!

Every year, the CIJ EUROPE team works diligently to curate a shortlist that celebrates the best in real estate achievement. We deeply value your ongoing collaboration and contribution to this process. Should you wish to review or update your entries, kindly send any additions or edits to carbunaru@cijeurope.com no later than October 15th. The final list of nominees will be announced next week, following your feedback and updates.

If you have not yet confirmed your attendance, we encourage you to do so soon — seating is limited to 350 guests. For registration, please check our website: https://awards.cijeurope.com/cij-awards-romania/#register

We extend a special thank-you to our confirmed Partners this year: North Bucharest Investments, AFI Romania, CPI Property Group, VASTINT, Hagag Development Europe, Revetas, WIREN, NUSCO, WDP, Global Vision, Biris Goran, NHOOD, TPA Romania, Stratulat Albulescu Attorney at Law, Coral Construct, Lion’s Head, Carbon Tool, Alesonor, Optim Project Management, COS, CBRE, RRG Real Estate Group, WEMAT, Bellemonde, Safety Approach, REDPORT, RENOMIA Gallagher, EVO Properties, Filip & Company, Imobiliare.ro, Fortim Trusted Advisors, DRS Architects, RE/MAX Innovation, Bog’Art, Cronoscar, Miss Green, STC Partners, Fabrica de Profile, Ambito, Omifa, NEPI Rockcastle, KUZIINI, The Concept Group.

We look forward to celebrating another remarkable year of achievements together at Romania’s most prestigious real estate event!

Best Real Estate Law Firm
Albota Law Firm
Biris Goran
CMS Romania
Filip & Company
PELI Partners
Popovici, Nitu, Stoica & Asociatii
Reff & Associates | Deloitte Legal
Schoenherr
Stratulat Albulescu Attorney at Law
Tuca, Zbarcea & Asociatii
Wolf Theiss

Best Tax & Financial Advisory
Biris Goran
Deloitte Romania
KPMG
TPA Romania

Best Constructor of the Year
Bog’Art
BTD Construct
EREN
Melsam

Best Project Management Company
Brisk Group
Colliers
Cushman & Wakefield Echinox
NHOOD Romania
Optim Project Management
Real Sol Services
Sentient
Vitalis Consulting

Best Facility Management Company
Atalian Romania
B+N Integrated Facility Services
Bog’Art Building Management
BMF Grup
BSS
Coral Construct
Dussmann Romania

Best Property Management Company
CBRE
Colliers
Cushman & Wakefield Echinox
FORTIM Trusted Advisors
Square 7, part of M Core

Best Residential Real Estate Agency
ANG I Forbes Global Properties
Conadi
North Bucharest Investments
RE/MAX Innovation
The Concept Group

Best Local Commercial Real Estate Agency
Crosspoint Real Estate
Fortim Trusted Advisors
Griffes
North Bucharest Investments

Best International Commercial Real Estate Agency
Avison Young
CBRE
Colliers
Cushman & Wakefield Echinox
iO Partners
Knight Frank
NHOOD

Best Commercial Design Space Company
AMA Design
COS
DRS Achitects
KUZIINI
Morphoza
PAB Group
Theta Furniture & More
WeMat Global
Workspace Studio

Architectural Studio
BL Associates
BOBOTIS+BOBOTIS ARCHITECTS
Chapman Taylor
CUMULUS
Deco Architects
DRS Achitects
Modern City Development

Energy Solutions Provider of the Year
4ENVIGO
Greenvolt Next
Metigla
NOFAR Energy
Volta X Solar Systems
Waldevar Energy
WIREN

Best PropTech Innovation Company
AHEAD
BrightSpace
Digital Partners
Metawealth
R8tech
SigTree
SINGU

Interior Product Provider of the Year
Delta Studio
Fabrica de Profile
Pinum Doors & Windows
Porta Doors
Quadra Casa
Tarkett România

Exterior Product Provider of the Year
Alumil
Barrier
Fabrica de Profile
Metigla
Reynaers Aluminium

MEP Contractor of the Year
Ambito
BK Technik
Calitek Group
MOVI Construct
TIAB

Best Marketing & PR Professional of the Year
Andreea Dumitru – Hagag Development Europe
Anca Buzatu – AFI Romania
Daniel Crainic – Imobiliare.ro
Ludmila Tones – Positive Communication
Oana Neamtu – WIREN
Razvan Ionescu – Speedwell
Roxana Cruceanu – IULIUS
Sorana Brătulea – Square 7, part of M Core

Best Property Leadership of the Year
Alex Skouras
Antoniu Panait
Clemens Petschnikar
Dana Bordei
Doron Klein
Fulga Dinu
Michele Nusco
Rüdiger Dany

Check Out The List Of Nominees For The CIJ Awards Gala Romania 2025 – Developments & Transactions

CIJ EUROPE is delighted to announce the preliminary list of nominees for the 18th edition of the CIJ Awards Gala Romania, taking place on December 4th, at the Radisson Blu Hotel in Bucharest.

Please find below the initial list of outstanding projects and transactions that have shaped and defined Romania’s real estate market throughout 2025. Each nomination reflects the innovation, excellence, and leadership that continue to drive our industry forward!

Every year, the CIJ EUROPE team works diligently to curate a shortlist that celebrates the best in real estate achievement. We deeply value your ongoing collaboration and contribution to this process. Should you wish to review or update your entries, kindly send any additions or edits to carbunaru@cijeurope.com no later than October 15th. The final list of nominees will be announced next week, following your feedback and updates.

If you have not yet confirmed your attendance, we encourage you to do so soon — seating is limited to 350 guests. For registration, please check our website: https://awards.cijeurope.com/cij-awards-romania/#register

We extend a special thank-you to our confirmed Partners this year: North Bucharest Investments, AFI Romania, CPI Property Group, VASTINT, Hagag Development Europe, Revetas, WIREN, NUSCO, WDP, Global Vision, Biris Goran, NHOOD, TPA Romania, Stratulat Albulescu Attorney at Law, Coral Construct, Lion’s Head, Carbon Tool, Alesonor, Optim Project Management, COS, CBRE, RRG Real Estate Group, WEMAT, Bellemonde, Safety Approach, REDPORT, RENOMIA Gallagher, EVO Properties, Filip & Company, Imobiliare.ro, Fortim Trusted Advisors, DRS Architects, RE/MAX Innovation, Bog’Art, Cronoscar, Miss Green, STC Partners, Fabrica de Profile, Ambito, Omifa, NEPI Rockcastle, KUZIINI, The Concept Group.

We look forward to celebrating another remarkable year of achievements together at Romania’s most prestigious real estate event!

Best Standard Residential Development
HILS Republica, phase I – HILS Development
Liziera de Lac – Liebrecht & wooD
Maia Craiovei II (A Building) – MAIA Invest

Best Premium Residential Development
AFI Home North, phase 1 – AFI Romania
Amber Forest Phase 1 – Alesonor
BHB Avenue – BHB Properties
Nusco City, Phase II – NUSCO
Nusco Green Homes – NUSCO
THE IVY – Speedwell
The Level Apartments III – REDPORT
The Meadows – Speedwell

Best Residential Buildup in Development
AFI Home North, phase 2 – AFI Romania
Amber Forest, phase 2 – Alesonor
Art Property Mântuleasa – Art Property Development
Avalon Estate, phase 2 – Prime Kapital
Bellemonde Residences – Bellemonde
GLENWOOD Estate – Speedwell
H East Residence (phase I) – Hagag Development Europe
H Pipera Lake (phase II) – Hagag Development Europe
Lakeside11 – RRG Real Estate Group
LOOM – Prime Kapital
Maia Sisești 2 – MAIA Invest
Prima Astera – Prima Development
Quartier Azuga, Phase II – STC Partners
Quartier Ferdinand – STC Partners
SkyLight – InteRo Property Development
The Ivy – Speedwell
Vitality Est – REDPORT

Best Retail Development & Developer
H Stirbei Palace – Hagag Development Europe
Iulius Mall Suceava – IULIUS
M Park Titan – M Core
Mall Moldova (extension) – Prime Kapital
PRIMA Shopping Centre SIBIU – Oasis Retail Development & Consulting
Best Office Buildup in Development
AFI Central Tower – AFI Europe
ARC Office Building – PPF Real Estate
Timpuri Noi Square, Phase 2 – Vastint Romania
U•Center 3 – Forte Partners
U1 Office Building – Nhood

Best Mixed-Use Buildup in-Development
AFI Park Brasov – AFI Romania
Amber Forest – Alesonor
Cartier Coresi – Nhood
Promenada Mall Bucharest – NEPI Rockcastle
RIVUS Cluj-Napoca – IULIUS
SkyLight – InteRo Property Development
Timpuri Noi Square 2 – Vastint Romania
U•Center 3 – Forte Partners

Best Warehouse Development & Developer
CTPark Ploiesti – CTP
VAT Romania – VGP (21,000 sqm)
WDP Park Baia Mare, Maravet – WDP (10,000 sqm)
WDP Park Stefanesti, METRO – WDP (12,000 sqm)

Best Warehouse Buildup in-Development
CTPark Bucharest South BUS4 – CTP
Diehl Aviation Craiova Facility – Global Vision
ELI Park 5 – ELI Parks
Lion’s Head Logistics Park – Lion’s Head
VGP Park Bucharest2, Building A – VGP (33,000 sqm)
WDP Park Dragomiresti – AQUILA, Distribution Hub – WDP (50,000 sqm)
WDP Park Stefanesti – Action, Distribution Center – WDP (54,000 sqm)

Hotel Build-Up Project of the Year
Hyatt Place & Hyatt House — Nusco City
Radisson Blu Hotel & Residences Mamaia – Monarc Properties
Radisson RED Bucharest Old Town – Hagag Development Europe
Rivaz Hotel Olimp – Alpin Hotel Group
The Julius Bucharest – Julius Meinl Living

Refurbishment of the Year
Agora Mall Arad – Merton Group
H Stirbei Palace – Hagag Development Europe
Radisson Blu Hotel, Bucharest – Revetas Capital
Sun Plaza, hypermarket area – CPI Property Group

Best Commercial FIT-OUT (Project)
Bayer Refurbishment 2024 – Cushman & Wakefield Echinox
British International School of Timișoara, “Ana Șandor” – Morphoza
Criteo – Omifa
Danone @Lakeview Building – WEMAT
Digitain HQ @Bucharest – WEMAT
Flyyo @Expo – WEMAT
H Herastrau Park, main lobby – Hagag Development Europe
HUAWEI – COS
JW Marriott @Bucharest – WEMAT
L’Oreal – Workspace Studio
Lobby HBC – PAB Group
Mall Moldova Foodcourt – AMA Design
Mastercard – COS
Nokian Tyres – Morphoza
OLX – COS
Petrom – Workspace Studio
Port Trans – Omifa
Retail Park / Foodcourt @Pitesti – WEMAT
SIXT @Bucharest – WEMAT

Best Leading Green Development & Developer
Amber Forest – Alesonor
CTPark Ploiesti – CTP
Dacia 30 Office Building – Yellow Tree
PALTIM – Speedwell
Quartier Azuga – STC Partners
QUEENS District – Speedwell
Timpuri Noi Square 2 – Vastint
VAT Romania – VGP

Best New Office Lease
Braze – 2,221 sqm – Oregon Park, Building A
Coca-Cola – 4,500 sqm – Globalworth Campus
Contitech Thermopol – 3,200 sqm – AFI Park Timisoara
Garmin – 8,500 sqm – Unite Business Center Cluj
Ipsos – 2,321 sqm – Business Garden Bucharest
Leroy Merlin – 3,900 sqm – Floreasca Park

Best Renewal/Extension Office Lease
Broadridge – 2,300 sqm – Museum Plaza
Deloitte Romania – 7,570 sqm – The Mark Tower
Google – 3,800 sqm – AFI Victoriei Plaza
Lenovo – 3,200 sqm – AFI Park Floreasca
Siemens – 5,400 sqm – AFI Park Brasov

Best New Retail Lease
Action – 1,100 sqm – Agora Mall Arad
ATAC Hiper Discount – 7,500 sqm – Oradea Retail Plaza
Auchan – 7,000 sqm – Sun Plaza
CCC – 820 sqm – Agora Mall Arad
Half Price – 2,000 sqm – Iulius Mall Suceava
Half Price – 2,411 sqm – PRIMA Shopping Centre Sibiu
Lefties – 3,000 sqm – Iulius Mall Suceava
Lefties – 3,300 sqm – AFI Cotroceni
Leroy Merlin – 11,000 sqm – Mall Maldova
Leroy Merlin – 10,081 sqm – M Park Galati
LPP – 3,100 sqm – Iulius Mall Suceava
Primark – 3,000 sqm – Palas Iasi
Tedi – 880 sqm – Mall Alba

Best New Warehouse Lease
Aronia Chalottenburg – 7,000 sqm – WDP Park Timisoara
Delamode – 30,350 sqm – CTPArk Bucharest
Diehl Aviation – 12,000 sqm – Craiova Business Park
Maersk – 85,000 sqm – CTPark Bucharest West (renewal and expansion)
NRF – 20,100 sqm – MLP Bucharest West
VAT – 21,000 sqm – VGP Park Arad

Best Investment Transaction
Alpha Group – IRIDE Park – CPI Romania
FIA Imobiliar BT Property – Prima Shops Oradea – Oasis Group
Granit Asset Management – Equilibrium 1 – Skanska
Hagag Development Europe & Niro Investment Group – stake and operating rights in mixed-use boutique building H Herastrau Park
M Core – 7 retail parks – MAS P.L.C
M Core – Focsani Mall – KBC
M Core – Shopping City Suceava – ARGO Capital Management
Paval Holding – Ethos House – Anastasios Gkotsis
Solida Capital – Victoria Center – Manova Partners

Best Land Transaction
Dedeman – 6 ha (Giurgiu)
Lion’s Head – 155,000 sqm (Popesti Leordeni)
M Core – 10 ha (Galati) – Sunset Properties SRL
M Core – 51,664 sqm (Prelungirea Ghencea) – Element Investments
One United Properties – 21 ha (Rocar) – CPI Property
STC Partners – 1,6 ha (Pipera) – Medicover

SPEEDWELL and Garanti BBVA Extend their Partnership for THE IVY

SPEEDWELL is strengthening its collaboration with Garanti BBVA Romania through a new EUR 8 million financing agreement. The facility will fund the development of Building C8, the fourth building within THE IVY, SPEEDWELL’s flagship premium residential project near Băneasa Forest. With this deal, Garanti BBVA’s total financing for THE IVY now reaches almost EUR 40 million, underlining the strong and long-standing partnership between the two companies.

The six-storey C8 building will feature 45 apartments, ranging from studios to four-room units (44–128 sqm). The completion of construction works is estimated for the end of 2026, with the handover of the apartments scheduled for the second quarter of 2027.

Spread across more than 5 hectares, THE IVY will ultimately include ten residential buildings and over 800 apartments, designed as a gated community with modern facilities such as a restaurant, kindergarten, and fitness center. Two buildings have already been delivered, while the third building has been completed and will be delivered this autumn. Building C8 will also target the Green Homes certification from RoGBC, continuing SPEEDWELL’s focus on sustainability.

“The launch of C8 is an important milestone, enabling us to meet the strong demand for premium homes with a real sense of community. With Garanti BBVA’s support, we remain confident in delivering comfort, sustainability, and lifestyle at the highest standards. Over the past years, THE IVY has grown into a vibrant neighbourhood where trust and recommendations from existing residents play a decisive role. We are confident that C8 will follow the same success, offering future homeowners the quality, long-term value, and lifestyle they are looking for,” said Mădălina Arsene, Sales Manager at SPEEDWELL.

LATEST NEWS