Liliana Vlas plans boutique residential scheme in Pipera

Entrepreneur Liliana Vlas is preparing a new residential development in Pipera, expanding her real estate activities in the area.

Through Sai Development, the project is planned next to the Jolie Ville shopping centre and will comprise a limited number of units, with nine large apartments and more than 2,000 sq m of commercial space.

The building is designed with two basement levels, a ground floor and two upper floors, and will be developed on a plot of approximately 5,000 sq m. The investment is estimated at over €10 million.

Source: Profit.ro

Hagag signs memorandum for large residential-led scheme in Constanța

Hagag Development Europe has signed a memorandum for the acquisition of an 8.6-hectare site in Constanța, marking its planned entry into the local market.

The land, formerly used as a RATC base and located opposite the Dolphinarium, is intended primarily for residential development, with capacity for more than 2,100 units. The project also предусматривает commercial, hotel and public service components and benefits from an approved zoning plan.

Under the agreement, the landowner will receive a share of completed residential and commercial units proportional to its stake in the project. The developer may also sell commercial space to third parties, with proceeds shared accordingly.

The zoning plan allows for approximately 234,000 sq m of buildable area, including around 174,000 sq m for residential use, 10,000 sq m for a hotel and 7,000 sq m for public services, as well as roughly 2,500 parking spaces. The development is expected to be delivered in phases.

Source: economica.net

Movileanu family acquires three Black Sea hotels from THR Marea Neagră

The Movileanu family, owner of the Mera Resort complex in Venus, has agreed to acquire three seaside hotel properties from THR Marea Neagră.

The portfolio includes the Cleopatra and Narcis hotels and their associated restaurants in Saturn, as well as the Raluca hotel and Orion restaurant in Venus.

According to a company statement submitted to the Bucharest Stock Exchange, the Board of Directors approved the sale of the assets for a total value of €14.6 million, excluding VAT, subject to final negotiations and contract signing.

The transaction follows earlier disposals by THR Marea Neagră, including the sale of the Capitol hotel in Eforie Sud for €1.5 million and the Balada hotel in Saturn for €6.1 million in the first half of 2025.

Source: economica.net

F.B.R. Towers secures €24m UniCredit financing for Ateneo Timișoara

F.B.R. Towers SRL, part of the Fri-El Group, has obtained a €24 million loan from UniCredit Bank to support the development of the Ateneo Timișoara project.

The scheme is located in the northern part of Timișoara, close to the University of Agronomy and Veterinary Medicine and approximately one kilometre from the future IKEA store. The project is planned as a large-scale residential complex complemented by commercial, leisure and service functions.

The developer estimates a total investment of more than €80 million. The scheme is expected to deliver around 1,300 apartments alongside a range of amenities.

Otokar to Acquire Automecanica Mediaș in €85M Deal

Otokar has signed an agreement to acquire a 96.77% stake in Automecanica S.A. and its production facility in Mediaș, Romania, in a deal valued at approximately €85 million.

The transaction, signed on April 29, 2026, is subject to regulatory approvals. The move marks a key step in Otokar’s European expansion strategy and will establish the company as a defense manufacturer with industrial operations inside the EU.

The Mediaș facility spans around 140,000 sqm and employs over 250 staff, offering full-cycle production capabilities for armored vehicles. Otokar plans to use the site for the local production of COBRA II 4×4 tactical vehicles under its contract with Romania’s Ministry of Defense.

Full assembly operations are expected to begin in June 2026. The investment is set to strengthen Romania’s defense industrial base and support NATO-aligned production standards, while positioning the country within European and allied supply chains.

Radisson Blu to Open Hotel in Sinaia Mountain Resort

Radisson Hotel Group will expand its presence in Romania with the opening of Radisson Blu Hotel Sinaia Cota 1400, a new upscale project in the country’s mountain resort segment.

Developed in partnership with Premier Hospitality, the hotel is scheduled to open in 2026 and will be located at 1,400 meters altitude in the Bucegi Mountains, one of Romania’s key tourist destinations.

The project will offer 68 rooms, including suites and a presidential apartment, alongside facilities such as restaurants, conference areas, spa, indoor pool and ski-in/ski-out access.

The investment reflects growing interest in Romania’s mountain tourism sector and the expansion of international hotel brands into high-potential resort locations.

Romania MPs File No-Confidence Motion Against Bolojan Government

Members of Parliament in Romania have submitted a no-confidence motion against the government led by Prime Minister Ilie Bolojan, escalating political tensions ahead of a key vote.

The motion was initiated by PSD, a governing party, together with opposition party AUR, and is also supported by S.O.S Romania representatives. It was read in Parliament and is scheduled for debate and vote on May 5.

The document accuses the government of economic mismanagement, declining living standards and a lack of transparency in implementing reforms, including measures linked to the National Recovery and Resilience Plan (PNRR).

Signatories also raised concerns over potential sales of strategic state assets and the use of accelerated procedures for investor access, warning these could bypass standard market mechanisms.

The outcome of the vote is expected to be a key test for the stability of the current government and could impact Romania’s near-term economic and investment outlook.

Eurowind Energy Inaugurates 48 MW Wind Park in Romania

Eurowind Energy has inaugurated the Pecineaga Wind Park in Romania, following an investment of approximately €90 million.

The project has an installed capacity of 48 MW and is equipped with eight Siemens Gamesa turbines, marking one of the largest wind turbine models currently operating in Romania. The park is expected to generate around 176,000 MWh annually, covering the electricity consumption of roughly 48,000 households.

With this project, Eurowind Energy reaches 124 MW of operational capacity at local level. The company plans to expand its footprint in Romania, targeting a 1 GW portfolio across wind, solar and storage by 2030.

The investment is set to support the growth of renewable energy production and contribute to a more resilient and sustainable energy mix in Romania.

Primark to Open Fifth Store in Romania in Craiova

Primark will open its first store in Craiova on June 9, marking its fifth location in Romania.

The new store will be located in ElectroPutere Mall, reinforcing the retail destination’s position in southwestern Romania. The expansion follows recent investments aimed at attracting international brands and strengthening the regional retail offer.

Primark continues its growth on the Romanian market after opening stores in Bucharest, Timișoara and Cluj-Napoca, with previous investments generating hundreds of jobs.

The retailer operates more than 80,000 employees across Europe and the US and remains focused on expanding its footprint in key CEE markets.

Strabag Leases 4,500 sqm of Office Spaces in Queens Pipera

Real estate developer Speedwell has reached an agreement with Austrian builder Strabag for the lease of a 4,500 square meter headquarters in the Queens District, on Şoseaua Pipera, and the construction of the office building in which this space will be located.

Speedwell has commitments to lease over 30%, or about 7,000 square meters, of the area of the office building to be built in Queens District. Half of this area is reserved by Strabag, which will also provide the general contracting part of the project.

Speedwell purchased a 28,500 square meter plot of land from the Greek group Atlas Corporation in 2023. Almost half of the plot, 13,371 square meters, is reserved for the construction of the fourth hospital in Bucharest of the Regina Maria medical network, plus a building that will house medical clinics. On the other half of the plot, Speedwell has begun construction of the first two residential buildings in the Queens District complex and an office building, consisting of two bodies, with an area of 22,500 square meters.

Source: Profit.ro

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