Astorium Takes EUR 7.5 Mln Financing from tbi bank for Astorium Life Residential Project

tbi bank grants EUR 7.5 million financing to Astorium Construct Investment for the continuation of the second phase of the Astorium Life residential project in the Pallady area of the capital.

The loan is granted for a period of 24 months and will support the development of approximately 400 apartments. The Astorium Life residential project represents an investment estimated at over EUR 70 million and will include, upon completion, six blocks with approximately 640 apartments. The first two buildings, totaling 242 apartments, have already been completed.

“Astorium Life is a large-scale project, in an area of Bucharest that has grown rapidly in recent years and where the demand for modern housing remains solid,” says Marius Constantinescu, Head of Business Banking Sales, tbi bank Romania.

KronenPark Residences Announce the sale of 15 Residential Units in the Past Month

KronenPark Residences, the residential project developed by West Group in the Pipera-North Bucharest area, announces the sale of 15 residential units in the past month, with a total value exceeding EUR 3 million, covering all available typologies, from two-bedroom apartments to premium four-bedroom units.

Simultaneously, West Group announces that 90% of its construction teams have been contracted, a meaningful indicator of the project’s ability to meet its delivery schedule and reduce risks associated with handover.

KronenPark Residences is developed on a 23,000 sqm plot and comprises 547 apartments across 8 buildings. The project integrates smart home and BMS systems, 24/7 reception, concierge and property management, valet parking, exclusively underground vehicle access (810 parking spaces), and EV charging stations. A distinctive feature is the 15,000 sqm private park, which includes a promenade, a jogging and cycling track (~500 m), wellness areas and pet-dedicated spaces.

Iulius Mall Iași Launches €9 Million Modernisation Programme

Iulius Mall Iași has begun a modernisation programme valued at approximately €9 million, with completion scheduled for the first half of 2027.

The project, developed by Iulius and Atterbury Europe, will introduce new retail concepts, upgraded leisure facilities and improvements to the shopping centre’s technical infrastructure.

The retail component includes approximately 5,800 sqm of new commercial space, with store openings planned in phases beginning this summer. Recent additions to the property include an outdoor basketball court.

As part of the wider upgrade, the owners also plan to create a 2,000 sqm collaborative workspace aimed at students, entrepreneurs and professionals. The facility will provide more than 200 workstations and dedicated areas for creative and educational activities.

Modernisation works will also include upgrades to building systems designed to improve visitor comfort and increase the centre’s operational energy efficiency.

Romania Records Strongest Monthly Construction Growth in the EU

Romania posted the strongest month-on-month increase in construction activity among European Union member states in April 2026, according to data released by Eurostat.

Construction output in Romania increased by 10.3 percent compared with March, reversing a 0.6 percent decline recorded in the previous month. Hungary followed with a 6.9 percent increase.

On an annual basis, Romanian construction activity was 23.8 percent higher than in April 2025, making it one of the fastest-growing markets in the European Union. Only Slovenia recorded a stronger annual increase, at 31.6 percent.

The monthly growth in Romania was driven by all major construction segments, including residential buildings, which rose by 15.8 percent, engineering projects with a 13.9 percent increase, and non-residential construction, which advanced by 12.9 percent.

Leroy Merlin Reports Higher Sales Following Store Expansion

DIY retailer Leroy Merlin reported turnover of approximately RON 3.7 billion in Romania in 2025, representing an increase of around 9 percent compared with the previous year.

The growth followed the opening of three new stores during the year, including locations at Mall Moldova in Iași and the Supernova Lujerului and Supernova Pantelimon shopping centres in Bucharest.

The expansion increased the retailer’s network to 25 stores across 16 Romanian cities. Leroy Merlin is part of the ADEO Group, one of Europe’s largest home improvement retail operators, which manages more than 1,000 stores in 20 countries.

In Romania, the company employs nearly 3,500 people.

Foundever Expands Presence at Campus 6.3 in Bucharest

Customer experience services provider Foundever has expanded its office footprint in Bucharest’s Campus 6.3 office building, increasing its occupied space to 3,500 sqm. The new agreement doubles the area previously leased by the company.

The transaction was advised by Cushman & Wakefield Echinox, which also represented Foundever during its initial lease in the building.

Bogdan Bogatu, Director of Office Agency at Cushman & Wakefield Echinox, said the expansion reflects the company’s continued growth and underlines Bucharest’s role as an important location for customer experience and business services operations.

Campus 6.3 is owned by CPI Romania and is located in the Centre-West office district of the capital. According to CPI Romania, demand remains focused on office buildings that offer strong transport connections, modern workplace standards and sustainability features.

IULIUS and Atterbury Europe Allocate EUR 9 mln to Revamp Iulius Mall Iași

Companies IULIUS and Atterbury Europe are allocating EUR 9 million to revamp Iulius Mall Iași, located in the Tudor Vladimirescu university campus. The project focuses on optimizing the technical infrastructure, as well as on diversifying the commercial offer by bringing new and affordable brands.

Iulius Mall Iași features 27,000 square meters of leasable area. Since opening, the mall has undergone two expansions and substantial investments. The current upgrade project, set to be carried out over the course of this year and to be completed in early 2027, entails interventions in the technical systems, as well as opening new stores, with a focus on relevant experiences catered to youth and families.

“Considering the retail market in Iași, we offer a unique, differentiating mix, based on brand diversity, competitive pricing, and attractive options. The revamp reflects our desire to meet our visitors’ ever-changing needs, including the youth segment of our public, for whom Iulius Mall remains a relevant destination. We are investing in new facilities catering to youth, such as a new creative and coworking space, but we are primarily focused on integrating brands that are known for their value for money in segments such as fashion, footwear, cosmetics, home items, and gastronomy,” said Vlad Huţu, Shopping Center Manager Iulius Mall Iași.

Top Trio Capital Sells Office Building in the Center of Bucharest

The real estate company Top Trio Capital, owned by businessman Shimshon Younger and his partners, has put up for sale the Armand Business Center office building in the center of Bucharest for about EUR 8 million.

The Armand Business Center building was built in 2013, has 3 basements with 48 parking spaces and 6 above-ground floors, with a leasable area of about 3,500 square meters. The building has an occupancy rate of about 80% and tenants such as Mega Image, Avira, AFS and Biochem.

Last year, Top Trio Capital, the company that owns the building, reported revenues of about EUR 1 million. Top Trio Capital is owned by Shimshon Younger, 50%, Michael Grinblat, 25%, and Ozer Assaf and Jacob Ofnagel, each with 12.5%.

Real estate consultancy Cushman & Wakefield Echinox has been appointed to sell the building. The property was previously listed for sale 10 years ago for EUR 7.5 million.

Source: Profit.ro

Natuzzi Transfers part of its Furniture Production from Italy to its Factory in Baia Mare

The Italian high-end furniture manufacturer, Natuzzi, which is in financial difficulty, will transfer approximately 8% of its production from its Italian factories to Romania. According to the company, the measure is temporary.

Thus, Natuzzi will transfer part of its production from Italy to Romania, as part of a voluntary restructuring process, which includes layoffs and reduced working hours for over 1,700 employees. Amid the impact of the customs tariffs imposed by the US and a difficult business environment, Natuzzi has initiated a negotiated crisis management procedure, in order to “reestablish a sustainable economic and financial balance”.

Natuzzi is present in Romania through the Italsofa Baia Mare factory, where it produces sofas and armchairs.

Source: Profit.ro

Lefties Opens store in AFI Cotroceni in Bucharest

Lefties, the affordable brand of the Inditex group, has opened its fifth store in Romania, in the AFI Cotroceni shopping center in Bucharest. Lefties occupies the space left vacant after the departure of fashion retailer C&A.

The first Lefties store in Romania was inaugurated in Craiova in 2023. Other stores of the brand are in Timișoara, Suceava and Ploiești.

Inditex owns the brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Lefties. In Romania, the group owns 26 Zara stores, 13 Massimo Dutti stores, 26 Pull&Bear stores, 30 Bershka stores, 25 Stradivarius stores, 13 Oysho stores and 9 Zara Home stores.

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