Speedwell Attracts EUR 21.5 million Financing for QUEENS District project

Real estate developer Speedwell announces the signing of a financing agreement worth EUR 21.5 million with Intesa Sanpaolo Bank Romania for the residential component of the mixed-use project QUEENS District, developed in the Aviației area of Bucharest, which will include 237 premium apartments.

In January, the real estate developer launched construction works on the first two residential buildings in the Queens District complex. These will comprise a total of 147 apartments, as well as a two-story, ultra-energy-efficient, Class A office building with an area of 22,500 sq m. The project will deliver a total of 237 premium apartments and 22,500 sq m of modern, zero-carbon offices.

The office component of the project comprises two 7-story buildings, with areas per floor between 1,250 and 3,300 sq m, and 282 parking spaces.

QUEENS District is due to be delivered in the first quarter of 2027.

Henri Coandă Airport Enters new Terminal Design Phase

The Bucharest National Airports Company (CNAB) has signed the contract for the design of the new terminal of Henri Coandă International Airport and the related airport infrastructure.

The contract, worth approximately EUR 18.4 million, covers design and technical assistance services and extends over a period of 10 and a half years. Of this period, the design will last a maximum of two years, with technical assistance to be provided during the three and a half years of execution of the works and another five years during the warranty period.

The new terminal will have an area of approximately 176,000 square meters and is designed for an estimated traffic of 30 million passengers annually by 2040.

The project foresees the construction of at least 48 new aircraft parking positions and a minimum of 20 boarding bridges, along with modern systems for baggage handling, security control, passenger information and commercial and public catering areas.

REDPORT and MOBEXPERT Launch REDPORT Living

REDPORT and MOBEXPERT are launching REDPORT Living, a residential concept through which buyers benefit from integrated furnishing and interior design solutions, adapted to each project in the REDPORT portfolio.

The program is designed to simplify the stage that follows the purchase of a home, when buyers usually need to allocate additional time, budget and resources for furnishing, interior design and coordinating suppliers.

“A kitchen exactly as you want it: customized, fully functional, manufactured in our factory in Romania and equipped with quality appliances. There is no need to move sockets, break walls to modify drains or other installations, and all of this is yours when the apartment is handed over and included in the sale price. We are offering a new standard, a new way to simplify your life. This is the promise we make together, REDPORT and MOBEXPERT,” says Dan Șucu, Founder of MOBEXPERT.

“Through REDPORT Living, we are bringing a new perspective on how a home should be delivered in Romania. After purchasing an apartment, clients often enter a complicated and costly stage, where they need to identify suppliers, compare offers, manage deadlines and cover additional costs. Through the partnership with MOBEXPERT, we offer buyers a simpler, more predictable and more comfortable experience,” says Cosmin Savu-Cristescu, CEO and Founder of REDPORT.

AB Energy Romania Relocates to Romanitza Office Building in Bucharest

AB Energy Romania, a company specializing in cogeneration, biomethane and sustainable energy solutions, has leased an entire floor at Romanitza Office Building, a boutique office property located in the immediate vicinity of Victoriei Square and the Romanian Government headquarters.

The transaction was brokered by Fortim Trusted Advisors, an alliance Member of BNP Paribas Real Estate.

Romanitza Office Building is a boutique office property comprising a basement, ground floor, mezzanine and four upper floors, complemented by a generous rooftop terrace. The building offers a total leasable area of 1,840 sqm.

“We are seeing increasing interest from companies in the energy, technology and professional services sectors in boutique office buildings that provide greater visibility, predictable occupancy costs and a more tailored working environment. AB Energy was looking for office space combining the accessibility of a central location with the flexibility required by a growing business. Romanitza Office Building successfully met these requirements thanks to its prime central Bucharest location and excellent public transport connectivity,” said Bianca Batin, Office Consultant at Fortim Trusted Advisors, an Alliance Member of BNP Paribas Real Estate.

Dorin Bob to Develop Mixed Urban Complex in Cluj-Napoca

Cluj-Napoca Estate SRL, a company in the Studium Green group, owned by entrepreneur Dorin Bob, proposes the development of a large urban development project at the entrance to Cluj-Napoca, an investment that will transform approximately 8 hectares into a mixed urban complex.

“Cluj has reached a new stage of development and needs well-founded urban projects and correlated with the socio-economic-demographic trends of the future, taking into account global trends. I believe that the future of the city means coherent developments that respect the legal framework, the property and the role of each institution involved.”, declared Dorin Bob.

The project proposes the construction of a mixed urban complex, which will include commercial spaces, a hotel and aparthotel, office buildings, services, medical functions, recreational areas and spaces dedicated to spending free time.

In addition to road infrastructure, bicycle paths, public spaces and urban developments, the project has as its defining element a mixed-use tower building, designed as an architectural landmark for one of the main entrance gates to the city.

The project is in an advanced stage of the approval process, after completing the preliminary stages and obtaining the necessary approvals and studies.

Pavăl Brothers to Develop Massive Real Estate Project in Cluj

Dragoș and Adrian Pavăl, the founders of the Dedeman retailer, are preparing the development of a major real estate project in Cluj-Napoca, on the former Cora platform, currently Carrefour. The initiative aims for the complete transformation of a strategic plot of land at the entrance to the municipality from Florești, for which the Pavăl brothers acquired the usage rights last year.

The proposed project plans for the creation of a large-scale mixed-use urban complex, structured around an “Entertainment Mall” concept. It will integrate commercial functions, recreation and entertainment zones, sports and cultural facilities, restaurants, as well as specific developments on the banks of the Someș River. In addition to the retail and leisure component, the new economic hub will include office buildings, hotels, medical and healthcare services, educational spaces, and public buildings.

A major landmark of the future complex is the proposal to build towers up to 160 meters high and 33 floors, intended primarily for use as an apart-hotel. If the documentation receives approval from the authorities, this development will redefine Cluj’s urban skyline at the entrance from Florești and Oradea, becoming one of the densest concentrations of tall buildings in Transylvania.

Crosspoint Brokers Rohde & Schwarz Topex Renewal and expansion at myhive IRIDE | nineteen

Rohde & Schwarz Topex is consolidating its presence on the Bucharest office market through a renewal and expansion transaction at myhive IRIDE | nineteen, owned by CPI Romania. Under the agreement brokered by real estate consultancy Crosspoint Real Estate, International Associate of Savills in Romania, the company has extended its lease for the existing 8,000 sqm and expanded its occupied space by a further 2,000 sqm.

Rohde & Schwarz Topex now occupies a total of 10,000 sqm within a single operational hub, integrating its offices alongside research, development and production activities.

“The fact that Rohde & Schwarz Topex chose to have me represent them in this complex renewal and expansion process is an important validation of the work done and the trust placed in me throughout this transaction”, said Simona Urse, Associate Director Office Agency at Crosspoint. “Reaching a total footprint of 10,000 sqm is the largest space managed by our Office department for a single account. This project reaffirms the value of a team in which tenant, landlord and advisor work together with confidence and a long-term, solutions-oriented approach”, she added.

“For CPI Romania, transactions of this kind are relevant not only for their scale, but also for the relationship they reflect with our tenants. A long-term partnership built around flexibility and a genuine understanding of tenant needs demonstrates the quality of the spaces we manage and their capacity to support companies as they grow. We are pleased that Rohde & Schwarz Topex continues to expand its operations at myhive IRIDE | nineteen and that we can contribute to creating an environment that meets complex operational requirements and long-term business objectives”, said Fulga Dinu, Country Manager of CPI Romania.

Gabriel Popoviciu Relaunches Baneasa Complex

Businessman Gabriel Popoviciu is preparing the relaunch of the Baneasa Complex, with the plan to start construction of the residential component in the fall, which will include thousands of apartments.

“We have not yet determined the final urban solutions for the entire project. The number of apartments will certainly be different (compared to when the project was launched in 2007). The market has evolved, and urban planning norms have also evolved. And we are going for concepts that will be current in 20-30 years,” said Gabriel Popoviciu.

In the initial plan, Baneasa Residential represented approximately 60% of the total area of the Baneasa Complex and proposed a total number of approximately 5,000 housing units. So far, 12 blocks with 227 apartments have been built, handed over in 2007-2008.

The development of the project is ensured by the company Băneasa Investments, of which USAMVB holds 49.8% of the shares, and the remaining shareholders are Comaliment (with 23.3% of the shares), Herăstrău (with 21.65% of the shares), ASD Miorița (about 5% of the shares) and Andrei-Mihai Bejenaru, with 0.007%.

Source: Profit.ro

Biopharma Invests EUR 85 million in Pharmaceutical Factory in Romania

Ukrainian biotechnology company Biopharma plans to inaugurate its production facility in Arad, Romania, at the end of 2027. Investments in the first stage are EUR 85 million, according to the company’s president, Kostiantyn Yefymenko.

“We have already completed the construction of the building, and by September 1 we will finish connecting all engineering infrastructure. We have already ordered the filling line. By the end of June we will sign contracts for the supply of reaction equipment and all other technological equipment. We will start operations in December 2027,” the company’s president, Kostiantyn Yefymenko, said.

Biopharma’s total investments in the factories in Ujhorod and Arad will reach about EUR 500 million.

Source: economica.net

Premier Energy Secures €825 Million Loan to Finance Acquisition of Distribuţie Energie Oltenia

Premier Energy PLC management has signed a Bridge Facility Agreement, worth up to EUR 825 million, with J.P. Morgan and UniCredit, to finance the acquisition of Evryo Group, including its electricity distribution subsidiary, Distribuţie Energie Oltenia S.A., as well as to refinance a portion of the company’s existing debt, amounting to approximately EUR 100 million.

“The Bridge Facility provides the committed funds necessary to complete the Acquisition and refinance a portion of the existing debt,” said José Garza, CEO of Premier Energy.

DEO operates a regulated electricity distribution network in the southwestern region of Romania, spanning approximately 80,000 kilometers and serving approximately 1.5 million customers. The network is a key component of the national energy infrastructure and is the third largest electricity distribution network in Romania.