Impact Begins Construction of the Aria Verdi Residential Complex

Developer Impact begins construction of the Aria Verdi residential complex in the Barbu Văcărescu area of the capital, a project whose development value is EUR 501 million. The project has generated sales of EUR 13 million since its launch in February.

The first phase of the complex includes four buildings with 401 apartments, a commercial gallery on the ground floor, as well as green terraces and exclusively underground parking, on three levels.

“The start of work on ARIA Verdi, one of IMPACT’s major projects, marks the start of a new development cycle for the company, as well as the evolution towards a new type of product, with very high-rise buildings, luxury facilities and finishes. This new stage is supported by solid demand for our new project in Barbu Văcărescu,” says Dan-Sebastian Câmpeanu, CEO of IMPACT Developer & Contractor.

In total, the project will have 865 apartments upon completion.

Source: economica.net

Cordia Romania Breaks Ground on Centropolitan with over 12% pre-sales and EUR 8M+ in Transactions

Cordia Romania, a member of the Futureal Group, today marks a significant milestone with the cornerstone ceremony of Centropolitan, its premium residential project located in Bucharest, in the immediate vicinity of Bucharest Mall and Alba Iulia Square.

The event is attended by Tibor Földi, Chairman of the Board of Cordia Group, and Mauricio Mesa Gomez, Chairman of the Board of Cordia Romania and Spain, and signals the official launch of construction works for the 274-apartment development.

“The groundbreaking of Centropolitan is a defining moment for Cordia Group’s presence in Romania and reflects our long-term conviction in Bucharest as one of Central and Eastern Europe’s most dynamic residential markets. We are building here a new standard for urban living in a city that continues to grow in economic weight and in the aspirations of its residents”, stated Mauricio Mesa Gomez, Chairman of the Board, Cordia Romania and Spain.

The cornerstone ceremony comes in the context of a highly successful pre-sales phase, during which Centropolitan achieved a pre-sales rate of over 12% of the total project, representing transactions more than EUR 8 million (excl. VAT).

”Romania is entering a new phase of residential market maturity and Cordia is repositioning accordingly. Centropolitan is the first expression of a new development philosophy for our Romanian portfolio, a strategy that places long-term urban relevance, curated amenity and excellent location at the centre of every decision we make”, said Mauricio Mesa Gomez, Chairman of the Board, Cordia Romania and Spain. ”We are building a platform. The principles embedded in this project will define how we approach every future development in Bucharest.”

Demand was overwhelmingly driven by end-users, who accounted for approximately 80% of buyers, with the remaining 20% comprising investment-oriented purchasers.

During the pre-sales period, buyers were able to reserve apartments with starting prices from approximately EUR 170,000 plus VAT for one-room apartments and reaching approximately EUR 337,000 plus VAT for four-room apartments.

Global Technical Systems Relocates to Hermes Business Campus

Global Technical Systems (GTS), has relocated to an office space of approximately 800 square meters within Hermes Business Campus, in a transaction brokered by Colliers.

The transaction was preceded by an extensive “stay versus go” analysis, during which Global Technical Systems evaluated several options for the company’s future headquarters. Following this process, the northern area of Bucharest emerged as the natural choice due to its developed infrastructure, easy accessibility, and proximity to clients and corporate partners.

” Companies increasingly view office space as a strategic tool that influences operational efficiency, employee experience, and long-term business development. In the case of Global Technical Systems, the relocation process was built around a clear analysis of the company’s needs and how the organization aims to optimize and streamline its operations in the coming years. The choice of Hermes Business Campus reflects the growing interest in modern, well-connected buildings located in areas with easy access to clients and business partners”, explains Daniela Popescu, Director | Tenant Services & Workplace Advisory at Colliers.

Apartment Prices Rise in all Major Cities in Romania

Apartment prices have increased in all major cities in Romania, while rents have stagnated and even decreased. The exception is Timișoara, where rents have increased by almost 17%.

In March 2026 versus March 2025, apartment prices have increased in all major cities, from +3.6% in Galați to +12.5% in Bucharest (2,009 EUR/sqm). Cluj-Napoca remains the most expensive city in the country (3,104 EUR/sqm), and Brașov has also passed the threshold of 2,100 EUR/sqm (2,171 EUR/sqm).

At the same time, the rental market is sending a completely different signal. In many cities, rents have stagnated or decreased, including in major centers such as Iași (-12.5%), Constanța (-11.1%), Oradea and Ploiești (-14.3%). The only notable exception is Timișoara, where rents increased by +16.7%.

Source: Profit.ro

The Magnum Ice Cream Company Leases about 2,000 sqm in the Globalworth Square Building

The international ice cream manufacturer The Magnum Ice Cream Company, which owns the Betty Ice factory in Suceava, is to open a service center for 200 employees in the Globalworth Square office building in northern Bucharest, owned by Globalworth.

Magnum’s new service center will occupy one floor of the building and will have approximately 200 workstations. The ice cream manufacturer is to take over the space in the coming days.

The Magnum Ice Cream, part of the Anglo-Dutch Group Unilever, is the largest company in the ice cream industry, with a share of about 21% on the global market. Unilever’s headquarters in Romania is in the AFI Lakeview building, located across the street from Magnum’s new service center.

Source: Profit.ro

Dan Şucu Receives Building Permit for Residential Project on Şoseaua Ştefan cel Mare in Bucharest

Dan Şucu, owner of Mobexpert and owner of the Rapid football team, together with his business partners, has the building permit for a residential project on Şoseaua Ştefan cel Mare in Bucharest. The land on which the apartments are to be built is located near the Dinamo stadium and the Circului park. The land has almost 15,000 square meters and is authorized for the construction of 11-story high-rise apartment buildings.

Previously, the land also had a PUZ (Urbanistic Zonal Plan) that provided for the construction of four blocks.

The company is owned by Dan Şucu (40%), Diana Şucu (10%) and ROCON A.C.M.I owned by Nicolae Rebedeu. Rebedeu is a shareholder with smaller stakes in several Conarg companies.

Source: economica.net

Dedeman Exceeds RON 13 billion in Sales in 2025, but Profit Stagnates

Dedeman ended 2025 with a turnover of RON 13.16 billion (approx. EUR 2.61 billion), up 7% compared to the previous year, but with a net profit almost identical to that of 2024 — RON 1.63 billion (EUR 324 million). The results come in the context in which Pavăl Holding, the investment vehicle of brothers Adrian and Dragoş Pavăl, is negotiating the takeover of Carrefour Romania in a transaction valued at EUR 823 million.

Dedeman SRL’s turnover rose from RON 12.29 billion in 2024 to RON 13.16 billion in 2025, an advance of 7%. Thus, sales amount to EUR 2.61 billion, placing Dedeman among the largest private companies in Romania by turnover.

Net profit, however, stagnated: RON 1.635 billion compared to RON 1.636 billion in 2024, a symbolic decrease of 0.1%. The company hired 389 more people compared to 2024, reaching 12,702 employees, and increased its debts by 7.7%, from RON 1.87 billion to 2.01 billion. Thus, Dedeman’s three-year profit can cover the acquisition of Carrefour.

One United Properties Takes EUR 80.5 mln financing from UniCredit

One United Properties has signed a loan agreement with UniCredit Bank S.A. for an initial amount of EUR 80.5 million, with the possibility of increasing it up to EUR 140 million.

The purpose of the money is twofold. A portion will cover the remaining construction costs at One High District and One Lake Club – both projects with estimated delivery in the second quarter of this year. Another part will be directed towards financing the first tranche of the share buyback program launched in October 2025.

“The credit agreement thus supports both the completion and delivery to customers of the One High District and One Lake Club developments, as well as the implementation of the first tranche of the Public Purchase Offer Program, in accordance with the Company’s strategy to access long-term bank financing for its development projects and shareholder reward initiatives,” the current report submitted to the Bucharest Stock Exchange states.

Little London Theoretical High School to Open within Nusco City

Nusco has recently entered into a partnership with Little London Theoretical High School, one of the most reputable Romanian private schools, to open a new campus covering all education levels within Nusco City.

The school, which will cover a land area of 7,200 sqm and a built area of 7,500 sqm, represents an investment estimated at more than EUR 18 million, financed by Nusco.

Little London will host all education cycles here, based on the Romanian curriculum, for more than 600 students: 5 kindergarten classrooms and over 30 classrooms and laboratories dedicated to primary, middle school, and high school education. The educational unit is intended for the entire northern area of Bucharest, not only for Nusco City residents.

“The opening of this new Little London Theoretical High School campus represents a natural extension of our activity and an important step in the school’s evolution. By adding this new campus to our portfolio, we aim to bring Little London’s educational excellence closer to families in the northern part of the Capital, alongside the ongoing activity of our current campuses, which continue their mission unchanged. The additional new space will allow us to serve a broader community and provide more students with access to a modern learning environment. In Nusco City, we found a partner who understands that quality education requires top infrastructure and green spaces. Starting in September 2029, at this new Nusco City campus, we will open the doors to a complete educational ecosystem for another 600 children, from kindergarten to high school, while also creating new career opportunities for education specialists,” said Luminița Macsim, Founder & CEO of Little London.

The new school project will also include an indoor sports hall, an outdoor sports field, a library, a conference hall, two drop-off areas, and 32 parking spaces, with delivery and commencement of classes scheduled for September 2029.

“Schools are essential — we all know this — which is why, alongside the other hotel and medical facilities, an educational institution was part of our project from the very beginning, when Nusco City first started taking shape,” explained Bogdan Iliescu, Commercial Director at Nusco.

IULIUS Workhub opened in United Business Center 1

IULIUS has inaugurated its first coworking space, located in the United Business Center (UBC) 1 building included within the Iulius Town Timișoara mixed-use development. IULIUS Workhub covers 1,000 sqm and features both open-space coworking areas, and individual offices that may accommodate up to 8 people, as well.

The space features open coworking areas, as well as private offices that can accommodate up to 8 people at a time.

“We have closely monitored how the needs of professionals and the business community are evolving, but concomitantly we have also paid close attention to the expectations of the new generation, which wants more than just a basic workspace. IULIUS Workhub is our answer to a real, actual demand: a flexible space where you can come to collaborate with your team for as long as you need, but also a place where you can meet new people from various activity fields. IULIUS Workhub is a concept that we plan to replicate in our office hubs in Iași and Cluj-Napoca as well. The fact of being integrated into the UBC community within the Iulius Town complex gives this coworking space a key advantage: that is you have shops, restaurants, a cinema, a 5-hectare park, and all the services you require just a few steps away”, said Silviu Băbțan, Asset Management Director at IULIUS.

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