Speedwell prepares EUR 130 million mixed-use project in Pipera

Real estate developer Speedwell is preparing a mixed-use real estate complex, with offices, apartments, medical clinics and a hospital of the Regina Maria Medical Network, on the land it bought last year in the Pipera area.

Speedwell bought the 28,500 square meter plot of land from Atlas Corporation, on which there were 10 buildings, mainly warehouses, for an estimated price of around EUR 14 million. The existing buildings on the land were demolished earlier this year and the permit process for a mixed urban complex began.

Almost half of the land, 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 land, Speedwell is preparing to build two interconnected office buildings with a cumulative area of 23,500 square meters and 3 residential buildings with 250 apartments, with a combined development value of EUR 130 million.

Source: Profit.ro

Ionuț Negoiță acquires former Cesarom factory land in Bucharest for €23 Million

Romanian entrepreneur Ionuț Negoiță has acquired the land of the former Cesarom factory in Bucharest’s Preciziei area from Spanish group Roca, the world’s largest manufacturer of sanitary ware. The factory’s operations in Romania were fully ceased prior to the sale.

Negoiță paid €23 million for two plots of land, totaling almost 12 hectares. The deal was facilitated by Crosspoint Real Estate, a prominent real estate consulting firm.

In a statement, Negoiță shared his plans for the site: “Our estimates show that around 3,000 apartments can be built here. We will start the permit procedures and begin construction as soon as we secure all necessary documents. It’s a long-term project.”

Cătălin Gavrilă, a partner at Crosspoint Real Estate, expressed satisfaction with the deal: “We thank Roca for their trust and are pleased to have successfully completed another exclusive mandate for an international client. It’s encouraging to see Romanian developers growing their competitiveness in a market dominated by global players. This acquisition adds a strategic asset to Ionuț Negoiță’s impressive landbank and further establishes him as a leading residential developer.”

The development is expected to significantly impact the local real estate market, contributing to the continued growth of Bucharest’s residential sector.

Source: Profit.ro

Deichmann leases 20,000 sqm of industrial space in ELI Park Bucharest project

The German shoe retailer Deichmann signed a lease contract for 20,000 square meters of industrial space in ELI Park Bucharest, a project in the ELI Parks portfolio.

“This project will strengthen our operations in the Central and South-Eastern Europe region, positioning us for sustained growth in the coming years. We are pleased to align our operations with the extensive Deichmann network and are proud to establish our own independent distribution center,” says Ruxandra Frunzetti, Managing Director for Deichmann Logistica.

The lease was signed for a period of 7 years, with the possibility of extension for another 3 years, and also includes 1,050 square meters dedicated to offices and social areas.

“Deichmann’s decision to establish an international distribution center here underlines the strategic advantages that our location and infrastructure offer to top companies in the retail and e-commerce sectors,” say ELI Parks representatives.

CBRE advised Deichmann in the transaction.

Legislative proposal limits advance payments for real estate purchases to 10%

A group of PSD parliamentarians has introduced a legislative proposal aimed at capping advance payments for purchasing newly built properties from developers at 10%. Under this proposal, developers would be allowed to collect a higher down payment of up to 40%, provided they have a valid insurance policy. The advance payments would be deposited into a special account designated for the specific building project, with funds strictly allocated for development purposes.

This initiative emerges 14 years after two significant real estate scandals in Bucharest—the Planorama and Terra Residence cases—where hundreds of buyers lost both their advance payments and the promised apartments. The proposal is also a response to a recent investigation by Recorder, which highlighted practices by the developer Nordis, who was found selling apartments in their Mamaia project.

A similar initiative was proposed in 2019, seeking to regulate real estate transactions by limiting advance payments to 10% and requiring residential projects to be registered with ANL. However, this previous effort stalled in the legislative process in 2020.

The current proposal aims to provide greater protection for homebuyers and restore confidence in the Romanian real estate market.

Romeo Pomponiu acquires former factory for ambitious residential project

Businessman Romeo Pomponiu, known for owning the Steilmann chain of stores, has completed the acquisition of a former production hall from German citizen Sever Belu. This facility, located adjacent to Pomponiu’s property behind the Pipera subway station, is set to play a pivotal role in his vision for a large-scale residential complex, with the approval process already underway.

Pomponiu’s company, Anteco, purchased the approximately 8,300-square-meter plot from Belu Form Prod, which has housed a production hall and warehouse since 2006. The transaction was finalized for €6.5 million.

The ambitious new project aims to develop a 14-story residential building, incorporating various complementary services. Plans include the addition of a sports hall, both ground and underground parking facilities, offices, and commercial spaces for catering and retail, marking a significant investment in the local real estate market.

Source: Profit.ro

Lefties 0pens third digital store in Romania at Iulius Town Timișoara

Lefties, a brand under the Inditex Group, one of the world’s largest fashion retail conglomerates, has launched its third store in Romania, located within the Iulius Town Timișoara mixed-use development. With this opening, Iulius Town becomes the first project in Romania to host the complete portfolio of Inditex brands, which includes ZARA, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, ZARA Home, and Lefties.

The new Lefties store spans an impressive 5,000 square meters on the upper floor of Iulius Mall. It showcases the latest digital trends in retail, featuring innovations such as smart fitting rooms, Easy Pay cash registers for both card and cash transactions, dedicated return stations for purchased items, and a customization area for select clothing and accessories.

The store’s unique product presentation layout is designed for ease of shopping, allowing customers to quickly locate items based on price or personal style. Lefties’ development strategy in Romania emphasizes the Digital Store concept, which provides customers with expansive retail spaces ranging from 3,000 to 5,000 square meters, all equipped with advanced technology to enhance the shopping experience.

Luther Imobiliare takes over Bucharest’s “Former Factory” urban regeneration project

Luther Imobiliare has acquired the “Former Factory” project in Bucharest, a significant urban regeneration and heritage conservation initiative. The project, which aims to revitalize a former industrial site, combines historical architecture from the early 1900s with modern residential, commercial, and cultural spaces designed for the 21st century.

Spanning roughly one hectare, the “Former Factory” project will feature 156 contemporary apartments in the Luther Block, along with 31 lofts in the Mălţărie building. Additionally, the development will include commercial spaces, restaurants, cafes, offices, recreational areas, and cultural venues, creating a vibrant community hub.

“We are honored to continue this project, which plays a key role in the revitalization of the area around Basarab Passage,” said Raluca Antonescu, a representative of Luther Imobiliare. “Our vision is to blend modern comforts with the rich history of Romanian industry, creating a community that values architectural heritage, thoughtful urban design, and a forward-thinking business model.”

Luther Imobiliare plans to sell apartments in the Luther Block and some of the lofts in Mălţărie, while retaining ownership and management of 70% of the overall development. The project is expected to further enhance the appeal of the surrounding neighborhood, contributing to its gentrification and cultural resurgence.

Announcement of Nominees for the 17th Annual CIJ Awards Gala Romania – Service Providers Categories

CIJ EUROPE is excited to announce the nominees for the 17th edition of the CIJ Awards Gala Romania, which will take place on December 4th, 2024, at the Radisson Blu Hotel in Bucharest.

Please below a comprehensive list of the top projects, transactions, and companies recognized for their achievements in 2024.

Each year, the CIJ Europe team works diligently to compile a carefully curated list of nominees. We greatly appreciate your ongoing collaboration and support in this process. In that regard, we kindly request that you review the list and send any additions or edits to carbunaru@cijeurope.com, no later than October 17th.

If you have not yet secured your seat, please check our website for registration: https://awards.cijeurope.com/cij-awards-romania/#about. Please note that space is limited to 350 attendees, so we encourage you to reserve your seat as soon as possible.

A BIG THANK YOU to all CIJ Awards Gala Romania 2024 confirmed Partners: North Bucharest Investment, CPI Property Group, AFI Europe, Hagag Development Europe, NEPI Rockcastle, VASTINT, CTP, NUSCO, BMF Grup, WIREN, Globalworth, Global Vision, Speedwell, Lion’s Head, HILS Development, NHOOD, COS, Biris Goran, Coral Construct, Bog’Art, WeMat Global, Carbon Tool, Fortim Trusted Advisors, Ceresit, Theta Furniture & More, Optim Project Management, Omifa, TPA Romania, RENOMIA Gallagher, Search Ads, Redport Capital, Imobiliare.ro, Marazzi, Safety Approach, Avitech, Bellemonde, Fabrica de Profile, EVO Properties, SAMSUNG Climate Solutions.

Nominees CIJ Awards Gala 2024:

Best International Commercial RE Agency of the Year
Avison Young
CBRE
Colliers International
Cushman & Wakefield Echinox
iO Partners
Knight Frank

Best Local Commercial RE Agency of the Year
Crosspoint Real Estate
Dunwell Industrial Brokerage
Fortim Trusted Advisors
Griffes
Hitch & Mosher
North Bucharest Investments

Best Residential RE Agency of the Year
Conadi
Hitch & Mosher
Knight Frank
North Bucharest Investments
RE/MAX Innovation
SVN Romania
The Concept Real Estate Advisers

Best Commercial Design Space Company of the Year
COS
Morphoza
Omifa
Pab Group
Theta Furniture & More
WeMat Global
Workspace Studio

Best Property Management Company of the Year
Alpha Real Estate Services SRL
CBRE
Colliers International
Cushman & Wakefield Echinox
FORTIM Trusted Advisors
Global Vision

Best Constructor of the Year
Bog’Art
BTDConstruct & Ambient
Masterbuild
Melsam
Pedro Construct
Strabag

Best Real Estate Law Firm of the Year
Albota Law Firm
Biris Goran
PELI Partners
Popovici, Nitu, Stoica & Asociatii
Reff & Associates | Deloitte Legal
Schoenherr & Associates
Stratulat Albulescu Attorney at Law
Tuca, Zbarcea & Asociatii
Wolf Theiss

Best Tax & Financial Advisory of the Year
Biris Goran
Deloitte Romania
KPMG
PWC Romania
TPA Romania

Best Project Management Company of the Year
Brisk Group
CBRE
Colliers
Cushman & Wakefield Echinox
Masterbuild
Optim Project Management
Sentient
Vitalis Consulting

Best Facility Management Company of the Year
Atalian Romania
BMF Grup
Bog’Art Building Management
BSS
Coral Construct
FMS
Genesis FM
Global Vision

Architectural firm
AMA Design
BL Associates
Chapman Taylor
Cumulus
Prographic Architecture
Vlad Simionescu & Associates
X Architecture

Best Coworking Brand
Hotspot
MASIA
Mindspace
Regus
Stables

Best Facades Solution Provider
Alumil
Fabrica de Profile
Metigla
Reynaers Aluminium

Best Sustainable Photovoltaics Systems Providers of the Year
4ENVIGO
Metigla
Volta X Solar Systems
WIREN

Best Marketing & PR Professional of the Year
Alexandra Ionita – iO Partners
Anca Buzatu – AFI Europe
Daniela Badoi – Schoenherr
Delia Bijnea – Stratulat Albulescu Attorney at Law
Diana Vasile – Cushman & Wakefield Echinox
Eliza Onica – VASTINT Romania
Iulia Iana – HILS Development
Roxana Baias – NEPI Rockcastle
Sorina Florescu – CTP

Best Property Leadership of the Year
Alex Skouras – Alesonor
Antoniu Panait – VASTINT Romania
Doron Klein – AFI Europe
Ema Iftimie – Globalworth
Fulga Dinu – CPI Property Group
Ionut Negoita – HILS Development
Michele Nusco – Nusco
Rüdiger Dany – NEPI Rockcastle
Sorin Preda – Gloval Vision
Vlad Musteata – North Bucharest Investments

Announcement of Nominees for the 17th Annual CIJ Awards Gala Romania – Developments and Transactions

CIJ EUROPE is excited to announce the nominees for the 17th edition of the CIJ Awards Gala Romania, which will take place on December 4th, 2024, at the Radisson Blu Hotel in Bucharest.

Please below a comprehensive list of the top projects, transactions, and companies recognized for their achievements in 2024.

Each year, the CIJ Europe team works diligently to compile a carefully curated list of nominees. We greatly appreciate your ongoing collaboration and support in this process. In that regard, we kindly request that you review the list and send any additions or edits to carbunaru@cijeurope.com, no later than October 17th.

If you have not yet secured your seat, please check our website for registration: https://awards.cijeurope.com/cij-awards-romania/#about. Please note that space is limited to 350 attendees, so we encourage you to reserve your seat as soon as possible.

A BIG THANK YOU to all CIJ Awards Gala Romania 2024 confirmed Partners: North Bucharest Investment, CPI Property Group, AFI Europe, Hagag Development Europe, NEPI Rockcastle, VASTINT, CTP, NUSCO, BMF Grup, WIREN, Globalworth, Global Vision, Speedwell, Lion’s Head, HILS Development, NHOOD, COS, Biris Goran, Coral Construct, Bog’Art, WeMat Global, Carbon Tool, Fortim Trusted Advisors, Ceresit, Theta Furniture & More, Optim Project Management, Omifa, TPA Romania, RENOMIA Gallagher, Search Ads, Redport Capital, Imobiliare.ro, Marazzi, Safety Approach, Avitech, Bellemonde, Fabrica de Profile, EVO Properties, SAMSUNG Climate Solutions.

Nominees CIJ Awards Gala 2024:

Best Office Development of the Year
AFI Loft – AFI Europe
Autonom Headquarter, Piatra-Neamț – Autonom

Refurbishment of the Year
Corner Office Building – Global Vision

Best Office Buildup In Development
Timpuri Noi Square, Phase 2 – Vastint Romania
The ARC – PPF Real Estate
U•Center 3 – Forte Partners
Yunity Park – Genesis Property

Best Retail Development & Developer of the Year
Arges Mall (51,400 sqm) – Prime Kapital
Aurora Retail Park Giurgiu (13,500 sqm) – Cometex
Retail Park Hunedoara (5,000 sqm) – Cometex
Shopping Park Pitesti (22,500 sqm) – Square 7 & Mitiska REIM
Shopping City Ploiesti – (7,400 sqm extension) – NEPI Rockcastle

Best Warehouse Development & Developer of the Year
CTPark Buc West – LPP (65,000 sqm) – CTP
VGP Park Brasov, Inter Cars (53,000 sqm) – VGP Romania
VGP Park Timisoara, Building 8 (32,768 sqm) – VGP Romania

Best Warehouse Buildup in Development
CTPark Brasov – CTP
CTPark Bucharest West, BUW 24 (66,000 sqm expansion) – CTP
Maravet (part of Covetrus) – 11,000 sqm – WDP Park Baia Mare – Cicarlau
VLParks Bucharest – Unit A1 & Unit A2 – Villar Logistic Parks

Best Standard Residential Development of the Year
Atria Urban Resort – Straulesti Lac Alfa
First Estates – Alsin
GranVia Lakeview – Granvia
HILS Palady – HILS Development
Select Residence – Anchor Grup
Vulcan Residence – NEPI Rockcastle

Best Premium Residential Development of the Year
Arcadia Park View – DVD Residential Imobiliare S.R.L.
Nobis Gardens – SVN Romania
Nusco City – Nusco
Nusco Green Homes – Nusco
PALTIM, phase 1 – Speedwell
Prima Vista, phase 1 – Prima Development Group
Quartier Azuga I – STC Partners
The Level Apartments II – Redport Capital

Best Residential Developer of the Year
AFI Europe
Anchor Grup
Hagag Development Europe
HILS Development
NEPI Rockcastle
Nusco
Prime Kapital
Redport Capital
STC Partners

Best Residential Buildup In Development
AFI Home North – AFI Europe
Avalon Estate – Prime Kapital
Bellemonde – Bellemonde Development SRL
Corallis Lifestyle by The Lake – KESZ
Cortina Elysium – EDEN Capital Development
H East Residence – Hagag Development Europe
HILS Brauner – HILS Development
Nusco City – Nusco
Quartier Azuga II – STC Partners
Quartier Ferdinand – STC Partners
PALTIM phase 2 – Speedwell
Prima Vista phase 2 – Prima Development Group
Silk District – Prime Kapital
The Ivy – Speedwell
The Level Apartments III – Redport Capital
The Meadows – Speedwell
U•Center 3 – Forte Partners

Best Commercial Design FIT-OUT (Project) of the Year
Alive Capital Office – Omifa
Astra Zeneca – Prographic
Banca Transilvania, Green Court – BL Associates
Beiersdorf Offices – Prographic
Booking – Prographic
British American Tobaco (Cladire BBP Miorita) – Theta Furniture & More
BT MIC U Center – BL Associates
Coca Cola HQ @ Globalworth Campus B / Floors 4 & 12 – WEMAT Global
DAAR Shops (TEILOR Group, Mall: Plaza Romania, Afi Palace, Sun Plaza, Park Lake) – Theta Furniture & More
European Pastry Offices – WEMAT Global
Francu Office Building – Omifa
Global Vision (The Corner Building) – Theta Furniture & More
Globant Cluj – COS
Hafele Design Space – AMA Design
Pfizer Bucharest – COS
Shopping City @ Timisoara / Foodcourt – WEMAT Global
Siemens – Prographic
Tesla Showroom and Service @ Bucharest – WEMAT Global
Trick-Shot Restaurant (AFI PALACE COTROCENI) – Theta Furniture & More
UiPath Romania – Workspace Studio

Best Leading Green Development & Developer of the Year
Amber Forest – Alesonor
Business Garden Bucharest & Timpuri Noi Square – Vastint Romania
Clubhaus – CTP
First Estates – First Estates
HILS Sunrise – HILS Development
Quartier Azuga – STC Partners
Shopping Centers portfolio – NEPI Rockcastle
Yunity Park – Genesis Property

Best Investment Transaction of the Year
AFI Europe Romania – Bucharest Financial Plaza – Immofinanz (EUR 27 million)
BT Property – Funshop Park Turda – Scallier
CTP – logistics parks – Globalworth (EUR 170 million)
M Core – Mitiska 25 retail parks portfolio – Mitiska REIM (EUR 219 million)
North Bucharest Investments – residential packages – Several Developers
Vectr Holdings – The Landmark – Revetas Capital and Cerberus Capital Management
WDP – Expo Market Doraly (110,000 sqm) – ARA Europe (EUR 90 million)
WDP – logistic parks – Global Vision (EUR 110 million)

Best Land Transaction of the Year
Logicor – 4,6 ha (Theodor Pallady area) – Jumbo
Paval Holding – 12 h (Pipera area) – Suzan Taher

Best Office Lease of the Year
BRD, Sucursala Regionala – 2,100 sqm – Palas Iasi
Copeland – 1,550 sqm – United Business Center Cluj-Napoca
DB Tech – 7,000 sqm – Globalworth BOB
Dr. Max – 6,200 sqm – J8 Office Building
Pragmatic Play – 12,200 sqm – AFI Tech Park 2
Regina Maria – 1,700 sqm – Baneasa Airport Tower
The Home – 3,070 sqm – myhive Victoria Park
TMF Group – 1,700 sqm – America House

Best Office Renewal of the Year
Accenture – 6,200 sqm – West Gate Park
BNP Paribas – 6,200 sqm – Oregon Park
Genpact – 29,104 sqm – Hermes Business Campus
HP Inc. Romania – 7,000 sqm – Yunity Park

Best Retail Lease of the Year
Budmil – 130 sqm – Plaza M Targu Mures (new market entries from Hungary in a regional city)
Half Price – 1,725 sqm – AFI Brasov
Half Price – 2,000 sqm – AFI Ploiesti
Half Price – 2,100 sqm – Plaza Mall Targu Mures
Happy Restaurant – 544 sqm – AFI Cotroceni
Hype Arena – 2,400 sqm – Sun Plaza
JD Sports – 370 sqm – AFI Ploiesti
Jysk – 1,250 sqm – Vitantis Shopping Center
Kinetic Sport & Medicine – 660 sqm – Palas Campus Iasi
Lefties – 5,000 sqm – Iulius Town Timisoara
Popeyes – 137 sqm – AFI Ploiesti
Primark – 3,700 sqm – VIVO! Cluj-Napoca
Primark – 3,799 sqm – Iulius Town Timisoara
Rituals – 201 sqm – Mega Mall (first store in Romania)
Sciccheria, Steam, Velocita & French Revolution – 375 sqm – Arghezi 4
Stay Fit Gym – 840 sqm – Family Market Miroslava

Best Warehouse Lease of the Year
Deichmann – 20,000 sqm – Eli Park 3.3
LPP – 24,000 sqm – CTPark Bucharest West
VAT – 20,900 sqm – VGP Park Arad

SITA opens development and research center in Cluj

SITA, the largest developer of technological solutions for the aviation industry, based in Switzerland, announced the opening of a development and research center in Cluj, thus being its first such center opened in Eastern Europe. The company has already hired 50 IT professionals and aims to reach a total of 80 employees in the coming months.

“Eastern Europe is a market of 140 million passengers in 2023, 22% more than the pre-pandemic period. There were 24.5 million passengers in Romania, 18% more than in 2019. It is a very dynamic market, aviation is growing and we want to serve this market with the solutions we make in Cluj. Why Cluj? Here we find the skills and technologies we need. Romania is one of the most dynamic markets in Europe,” says Sergio Colella, president of Europe SITA.

SITA has been collaborating with local airlines and the 17 local airports since 1991.

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