Developer Dimri prepares to expand Dimri Ghencea project

Israeli real estate developer Dimri is preparing to start work on the new development phases of the Dimri Ghencea project, which will include another 1,800 apartments, after the widening of Prelungira Ghencea, one of the busiest arteries in Romania, began.

Dimri entered Romania 17 years ago with the plan to build a neighborhood in Ghencea with 25 blocks and over 2,500 apartments, but underdeveloped infrastructure has significantly contributed to slowing down this plan.

“The start of infrastructure works at Prelungira Ghencea pushes us to prepare for the next stage of development of Dimri Ghencea. It is a positive sign and will certainly accelerate real estate activity in the area. Eventually, the tram will also reach here. From the current phase, we have delivered 96 units, and the remaining 288 apartments are to be completed in April-May and we are already preparing the start of the next phase with 1,800 apartments, also developed in stages,” stated Dimri representatives.

In Prelungirea Ghencea, Dimri owns a land with an area of ​​13 hectares on which it plans to develop 25 blocks, 6 swimming pools, an office building and a shopping mall.

Source: Profit.ro

World Class inaugurated 2,300 sqm health & fitness club in Cosmopolis Plaza

The largest health & fitness club World Class in the North of the Capital, and the 47th in the network, was inaugurated in Cosmopolis Plaza. With an area of over 2,300 square meters, the World Class club in Cosmopolis Plaza also includes the first indoor swimming pool in the complex.

“World Class, the first health & fitness network in Romania, continues to expand its presence in growing areas because our main mission is to make Romanians more active. In the Cosmopolis community, we have brought premium workout and swimming facilities, as well as a strong team of health and fitness experts, in order to contribute to a healthier lifestyle for the more than 15 thousand residents of Cosmopolis, as well as for the residents of the neighboring communities.

In the 25 meters long and 13 meters wide swimming pool with 7 lanes, we will focus on teaching as many adults and children as possible to swim, and in the club’s rooms we offer opportunities for physical activities and classes, from fitness, personal training, Skill X and dedicated children’s programs,” says Kent Orrgren, CEO of World Class.

“Because Cosmopolis has become city-like in size, we want to offer our residents all the services they need as close to their home as possible. The health and fitness component is a very important one, which is why the partnership between World Class and Cosmopolis is proof of our commitment to encouraging healthy living for our customers, as well as our emphasis on premium services.

World Class Cosmopolis can be accessed both from the Bucharest Ring Road, via Tunari, and soon from the A3 highway, a road that will transit the new development phase, Cosmopolis 2.0”, emphasizes Ozan Tuncer, CEO of Cosmopolis.

Garanti BBVA Romania has granted EUR 5 million loan to Alca Industrial Group

Garanti BBVA Romania has granted a EUR 5 million loan to Alca Industrial Group to finance the Peştera Wellness & Spa project, a 5-star hotel located in the Peştera-Padina tourist resort, in the Bucegi Mountains.

“The Peştera Wellness & Spa Hotel is a symbol of innovation in the hospitality sector and a catalyst for the growth of the local economy, as well as for the development of tourism in the region,” says Bilge Demirer, Deputy General Manager, Enterprise Banking Area, Garanti BBVA.

The facility, which officially opened its doors to tourists in December 2024, is located in the middle of some of the most emblematic tourist attractions, such as Babele, the Sphinx, the Ialomiţei Cave, the Tatar Gorges and Bolboci Lake.

Cargus Romania has a new CEO

The courier company Cargus, taken over in 2019 by the private investment fund Mid Europa Partners, announces that Belgin Bactali, who previously held the position of CFO of the company since 2019, has officially taken over the position of CEO, succeeding Yannick Mooijman, who decided to retire to explore new opportunities.
Belgin Bactali has over 23 years of experience in developing successful financial strategies and coordinating key projects in renowned companies in the field of transport and logistics.

“It is an honor to take over the leadership of Cargus in this new chapter of its evolution. We will build on the solid foundation already created, developing innovative solutions that meet the needs of our customers and that differentiate us in the industry. We will strengthen our position on the courier market, remaining a trusted partner for customers and collaborators,” says Belgin Bactali, the new CEO of Cargus Romania.

PENNY Romania relocates one of its stores to a new commercial space

PENNY Romania marks the beginning of 2025 by relocating its store in Odorheiu Secuiesc to an expanded space, located on Târgului Street, no. 1A, Harghita County. The store has a sales area of 851.39 sqm and offers 80 parking spaces.

PENNY currently has 416 stores nationwide. For 2025, the company plans to open 35-40 new stores, thus consolidating its network that already had 416 units at the end of 2024.

PENNY will also complete the construction of its fifth logistics center, essential for supporting operational growth.

Hassan Morad develops premium apartment block near Pădurea Băneasa

Businessman Hassan Morad, co-owner of Morad Group, is exploring the development of a premium apartment blocknear Pădurea Băneasa, across from Țiriac Auto. If approved, the new Pădurea Băneasa development would add to Moradduce a modern residential option in a sought-after area of Bucharest.

The proposed building would feature a basement, ground floor, four floors, and a secluded fifth floor, with an estimated 80 apartments. However, to proceed with construction, Morad must secure approval for a Zonal Urban Plan (PUZ) in accordance with the requirements of District 1 City Hall.

Morad Group has an extensive track record in residential developments across Romania, having delivered several large-scale projects. Its portfolio includes Onix Residence in Grozăvești (456 apartments), RubinStein in Străulești (141 apartments), SaphirStein in Cotroceni (188 apartments), Onix Blue in Mamaia Nord (420 apartments), and Onix Park in Pipera (1,925 apartments, with 564 completed in the first phase).

If approved, the new Pădurea Băneasa development would add to Morad Group’s expanding portfolio of premium residential projects, reinforcing its position as a key player in Bucharest’s high-end real estate market.

Source: Profit.ro

Croatia’s HGK to invest EUR 18 mln in hotel transformation

Croatia’s chamber of commerce, HGK, announed its subsidiary, tourism company HGK Hoteli will invest EUR 18 million to turn the former motel Sljeme near Rijeka into a four-star hotel. The hotel will have 57 rooms, including six suites.

Reconstruction works have already started and the future Rivia Arts & Culture Hotel will open at the end of 2026, creating some 40 jobs.

The project will aim to preserve the authenticity and the architectural value of the original facility that was built in 1965 and is listed as a cultural heritage by the ministry of culture.

HGK will finance the reconstruction project through commercial bank loans and own funds raised by sale of inactive property.

Altex expands with a new store in Bârlad, Romania

Altex Romania continues its expansion on the retail market, inaugurating a new store in Bârlad, Vaslui County. The new store is located on Bulevardul Republicii no. 320, next to Kaufland.

The expansion of the store network remains a priority for Altex, which aims to offer customers fast and convenient access to a wide range of products, maintaining the best quality-price ratio.

“By opening this store, we bring technology closer to the residents of Bârlad, offering them state-of-the-art products at the most competitive prices, along with flexible financial solutions through Credex. Altex remains committed to its mission of contributing to the progress of local communities through technology, innovation and accessibility,” said Raul Filip, Deputy CEO, Altex Romania.

Altex has over 130 stores across the country. In almost three decades of activity, Altex has evolved from a local TV import business to the market leader in electronic, home appliance, IT&C and multimedia products in Romania.

Uniprest Instal Leases 3,000 Sqm in ELI Park Iași

Uniprest Instal, a Târgu-Mureş-based company that distributes heating installations, controlled by the Dutch group Rensa, has signed a lease agreement for 3,000 square meters in ELI Park Iaşi, a project in the ELI Parks portfolio.

The company was assisted in the transaction by real estate consultancy firm Cushman & Wakefield Echinox.

“Our partnership reflects our commitment to providing top-notch logistics solutions that support renowned companies in developing and optimizing their regional operations,” said ELI Parks representatives.

From the perspective of Ştefan Surcel, Head of Industrial Agency Cushman & Wakefield Echinox, companies in the retail and distribution area have been very active on the industrial and logistics space rental market in Iaşi, and developers are very keen to build modern parks to meet this demand, which comes from both international and local players.

Knauf Insulation started production at the glass mineral wool factory in Târnăveni

Knauf Insulation, one of the largest manufacturers on the insulating materials market, part of the German Knauf group, started production at the glass mineral wool factory in Târnăveni, the company’s most modern production unit in Central and Eastern Europe. With an investment of approximately EUR 140 million, the new factory will have a production capacity of over 75,000 tons of glass mineral wool and will employ over 100 people.

The construction of the new Knauf Insulation production unit in Târnăveni was started in early 2023 through a project worth almost 140 million euros, for which it requested state aid of EUR 18.2 million.

Knauf Insulation is part of the Knauf Group which has over 42,000 employees in 90 countries, and 320 factories worldwide with sales of EUR 15.6 billion in 2023. The Knauf Group has been present in Romania since 2008 and was founded in 1932, being an independent family company.

Source: Profit.ro

front page info
LATEST NEWS