DS Smith Modernizes Timisoara Factory with EUR 10.5 mln Investment

Packaging manufacturer DS Smith announces investments of over EUR 14 million in its operations in Romania. The largest investment, EUR 10.5 million, will be made at the Timisoara factory by the first quarter of 2027. The company says the investments will allow for reduced delivery times and the development of new types of packaging, by using technologies based on real-time quality control and streamlining production processes.

In parallel, the Ghimbav factory will benefit from additional investments of EUR 3.6 million in 2026 to modernize the infrastructure and improve production equipment. The project comes after a 13 million euro investment started in 2023 in the same unit.

“In 2026, DS Smith Packaging Romania continues to accelerate its investments and business transformation, with a clear growth direction and ambitious objectives for the coming period. Despite a challenging economic context, we remain focused on development, competitiveness and concrete responses to the ever-changing needs of our customers,” says Christian Schmidt, Cluster Director, DS Smith Packaging Romania.

North Bucharest Investments Announces the Launch of northbucharest.ro

North Bucharest Investments announces the launch of northbucharest.ro and the “North Bucharest – Real Estate” mobile app, now available on the App Store and Google Play.

The new platform brings together over 100 residential developments and more than 1,400 available properties within a single intelligent ecosystem, with a strong focus on completed, move-in-ready homes. Artificial intelligence plays a central role in the platform’s architecture, delivering personalized recommendations in real time based on user preferences and search behavior.

“The launch of this digital ecosystem represents our transition from traditional brokerage to a technology-driven model where digital innovation plays a central role in the purchasing journey. This is no longer just about accessing listings — it is about creating an experience where AI significantly reduces search time while increasing the relevance of available options.

Today’s consumers expect clarity, speed and control. They want to identify the right property quickly, without spending hours navigating through hundreds of listings. Our platform delivers exactly that” said Vlad Musteață, CEO & Founder of North Bucharest Investments.

Promenada Mall Expansion will Include a 4-star hotel

The expansion of Promenada Mall in northern Bucharest is evolving into a major mixed-use project that will integrate a 4-star hotel and office spaces, following an investment of approximately EUR 282 million.

The future 11-story building will house a business hotel with approximately 200 rooms on the 5th, 6th, and 7th floors, operated by an established international chain. Office spaces will occupy the top four floors, covering about 14,000 sqm. The first four levels will be dedicated to the expansion of the existing shopping center, while the infrastructure will include the deepest underground parking in Romania, with 1,600 spaces arranged across seven levels.

Finalization of the works is estimated for the end of next year, at which point the value of the entire complex could reach nearly EUR 500 million.

Froo Romania, part of Żabka Group, Relocates to Hermes Business Campus

Froo Romania, part of Żabka Group, has relocated to a new office: approximately 2,900 square metres of office space in Hermes Business Campus, in a transaction brokered by Colliers.

Hermes Business Campus is located in the northern area of Bucharest, offering approximately 75,000 square metres of leasable space owned by Adventum International. The complex benefits from excellent public transport connectivity, includes on-site retail amenities, relaxation areas and modern infrastructure, while its BREEAM In-Use Excellent certification confirms high standards of sustainability and occupier comfort.

”In a context where companies are rethinking how they use office space, relocation is increasingly becoming a strategic decision, rather than merely an operational one, reflecting both internal efficiency goals and long-term business direction. Froo’s choice of Hermes Business Campus confirms the growing interest in modern, well-located buildings that meet current occupier requirements. The Froo and Hermes teams demonstrated a high degree of flexibility and successfully completed the relocation within a very short timeframe, creating a workspace fully tailored to the tenant’s requirements”, explains George Didoiu, Director | Tenant Services at Colliers.

”The opening of our new office in Hermes Business Campus supports the next stage of our growth. We reached the milestone of 200 Froo stores at the beginning of March 2026 in Romania. The new office reflects both the scale of our ambitions and the commitment we have to this market. Step by step, Froo Romania brings a new dimension of modern convenience to the Romanian market – combining proximity, convenience food and a customer experience designed for everyday life“, says Joanna Simonowicz, General Manager, Froo Romania.

SVN report: District 3 Accounts for Over a Quarter of Bucharest’s Residential Deliveries

Bucharest’s District 3 attracts the largest number of new homes delivered in the Capital city, with a share of over a quarter of all houses and apartments completed within the city’s administrative boundaries, according to a market report issued by real estate consultant SVN Romania, based on official statistics and own data.

Approximately 11,500 homes were completed in District 3 over the past four years, just over 25% of all residential units delivered in Bucharest between 2022 and 2025. Districts 4 and 6 follow, accounting for around 21.5% and 18.7% respectively of all homes completed in the city over the same period.

Although Bucharest continues to record a higher number of completed new homes than Ilfov County – the last time Ilfov surpassed the Capital city in terms of residential deliveries was in 2017, according to data from the National Institute of Statistics (NIS) – the past two years have seen a significant decline in the number of new houses and apartments delivered in Bucharest, with volumes around one third lower than those recorded between 2020 and 2023.

2026 could, however, see a strong reversal of this trend, with SVN data indicating that over 20,500 new homes could be delivered this year in Bucharest and its surrounding areas. This would represent an increase of approximately 18.5% compared to the level recorded in 2025, according to the annual report “SVN Romania Residential Market Genome 2026”.

“At present, there is a high number of residential projects under construction in Bucharest and its surrounding areas, particularly in the northern and eastern parts of the city. The regional residential market continues to perform well overall, although there are also projects that fail to achieve the expected results due to unrealistic pricing expectations and insufficiently substantiated business plans,” said Mircea Marin, managing partner of SVN Romania New Homes Division.

Park Properties has started Construction on SunLake Snagov

Real estate developer Park Properties has started construction work on SunLake Snagov Signature Collection, a high-end villa complex located on the shores of Lake Snagov, at the beginning of May.

The building permits were obtained in the second half of last year, with construction work expected to be completed in approximately 18 months.

The complex will be built on a 15,000 square meter plot of land, which was acquired in 2024. The total built area of the SunLake Snagov complex will exceed 10,000 square meters.

The project comprises 22 premium villas and a multifunctional building, with commercial spaces on the ground floor. Future owners of the villas will benefit from access to a private marina, where they will be able to anchor their boats. In addition, the complex will have a water sports center and a promenade on the lakeshore. The total value of the villa complex, together with the multifunctional building, commercial spaces, marina and facilities, will exceed EUR 15 million upon completion.

Gică Popescu Sells GP Plaza Commercial Center to M Core

The real estate group M Core has purchased the GP Plaza retail park, opened in Hunedoara in the fall of last year, from former footballer Gică Popescu, president of the Farul Constanța football club.

M Core signed the purchase transaction at a price of EUR 8 million, according to sources in the real estate market. Gică Popescu invested over EUR 7 million in the development of the shopping center. The complex was built on the site of a former footwear and knitwear factory in the city of Hunedoara and has a total area of approximately 21,400 square meters.

GP Plaza opened with tenants such as Annabella Retail, Action, TEDi, the Dr. Max hypermarket, Takko, Deichmann, Luca, Animax, Sportisimo and Xpress.

Through the acquisition of GP Plaza, M Core adds Hunedoara to the list of over 35 cities in Romania where it is already present with retail projects.

Source: Profit.ro

Spartan Chain Invests RON 1.5 million in the 58th restaurant, opened in Râmnicu Vâlcea

Spartan, the largest franchised Greek fast-casual restaurant chain, announces the opening of a new location in the city of Râmnicu Vâlcea at the beginning of May, reaching a total of 58 units in Romania. The total investment in Râmnicu Vâlcea amounts to approximately RON 1.5 million and adds 15 new jobs to the over 1,000 employees of the Spartan chain. The restaurant is located in Shopping City Râmnicu Vâlcea.

The year 2026 began with significant investments in the development and modernization of the chain such as: the opening of Spartan Sigma in Cluj, in April, which amounted to a value of RON 1.4 million and the renovation of the Spartan space in City Park Mall Constanța, an investment of RON 1.3 million. By the end of the year, the investment plan includes the opening of 6 own locations and at least 4 new franchises.

Alber Holding and Hubix Develop over EUR 100 million Project in Timisoara

Hubix announces the entry into partnership with Alber Holding for the development of the first phase of City of Mara Forum, a mixed-use project located in Timisoara, at the intersection of Calea Aradului – Calea Torontalului, in the immediate vicinity of Iulius Town.

Through this association, Hubix enters the project as an investor and strategic partner, contributing capital and commercial expertise and will hold a 20% stake in the first phase of the project’s development.

The first stage of City of Mara Forum has a development value of over EUR 20 million, with the entire complex having an estimated development value of over EUR 100 million. Phase 1 includes 91 residential units, commercial and service spaces, approximately 191 underground parking spaces and share-parking functions for residents and users of the area. Construction began in March 2026, and the completion of the first phase is estimated for Q4 2027.

City of Mara Forum is part of a larger urban project developed by Alber Holding under the City of Mara brand. Developed on an area of approximately 1.5 hectares, the complex includes four residential buildings, street mall-type spaces and services of approximately 4,600 sqm, as well as an international hotel component (Hampton by Hilton).

Daniel Tudor, Founding Partner & Chief Investment Officer of Hubix, states: “City of Mara Forum is exactly the type of project we want to be present in: strong partner, validated location, liquid product and an urban structure that does not depend on a single source of demand. We are not entering into a project that has to invent an area, but into a project located near the strongest economic pole in Timisoara. For us, the investment logic is very clear: association with a developer with history, in a location with demonstrable demand and in a product that can work both for sale and for rent.”

Raiffeisen explores sale of Bucharest office headquarters

Raiffeisen Property Holding International is evaluating the potential sale of the FCC office building in Bucharest, which serves as the headquarters of Raiffeisen Bank Romania.

The property, located within the Floreasca-Barbu Văcărescu business district alongside SkyTower and Promenada Mall, offers approximately 17,130 sq m of space across seven floors. Raiffeisen Bank Romania occupies the building under a long-term lease agreement.

Leo Forstner, Managing Director of Raiffeisen Property Holding International Romania, said: “Raiffeisen Property Holding International is analyzing a possible sale of the FCC building in Bucharest, and after receiving several requests for this asset, we decided to start a structured process for a potential transaction. Raiffeisen Bank Romania has a long-term lease agreement for this building. We are willing to sell the property only if the transaction price exceeds the minimum threshold, which is clearly above the level of EUR 40 million. Regarding SkyTower, we are following a hold strategy.”

The move comes amid broader activity by the Raiffeisen Group in Romania, including the acquisition of Garanti Bank Romania.

Source: Profit.ro

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