All posts by tudor@cijeurope.com.

ONV LAW moves to Equilibrium 2 office building

Skanska announces the expansion of its tenant portfolio in the Equilibrium 2 office building by welcoming ONV LAW. With nearly 25 years of experience, ONV LAW delivers legal services across 14 areas of specialization, offering strategic support to over 300 multinational, local, and public entities.
ONV LAW will occupy approximately 640 sqm in Equilibrium 2, with the move-in scheduled for December 2025.

“Choosing Equilibrium 2 is a strategic decision for our business,” said Radu Nemeș, Managing Partner at ONV LAW. “We were looking for more than just office space – we were looking for a modern, sustainable and flexible environment that reflects our values and supports our future growth. The building’s connectivity and flexible design will support our cross-border expansion, especially as we strengthen ties between our Bucharest and Chișinău offices. After 25 years of growth, we needed a headquarter that matches our ambitions and helps us attract top legal talent in an increasingly competitive market.”

“ONV LAW brings the kind of expertise that elevates our entire tenant community,” said Tamara Guleryuz, Leasing & Asset Manager at Skanska Commercial Development Business Unit in Romania.

Kaufland and Cometex to start construction of a retail park

German retailer Kaufland and real estate developer Cometex, want to start construction of a retail park this year, on the site of a former livestock farm in Pantelimon, right next to the Selgros store.

Kaufland bought land with a cumulative area of about 4 hectares on Bulevardul Biruinței 84. Last year, the German retailer sold a piece of over 1.5 hectares of this property to Dan Ostahie’s company, Cometex, which planned to build a shopping mall under the Aurora brand on this site. The new mall will have a rentable area of about 5,700 sqm and has an estimated development cost of EUR 3.6 million.

Kaufland, in turn, plans to build a new Kaufland store on a land area of about 2 hectares. The targeted hypermarket will be structured on the ground floor and a partial floor and will have a built area of approximately 5,700 square meters. The estimated cost of the investment in this project is EUR 2.4 million.

Source: Profit.ro

Romanian photovoltaic parks surpassed gas and coal-fired power plants

According to the latest authorizations issued by the Energy Regulatory Authority (ANRE), the installed power in photovoltaic parks has exceeded that of coal-fired and gas-fired power plants.

Photovoltaic parks have reached a power of 2,765 MW in Romania. With this level, solar is, in terms of installed power, the third source of electricity generation in the country, after wind and hydroelectric power plants.

Photovoltaics therefore surpassed, in terms of installed power, coal-fired power plants (2,762 MW installed power) and gas-fired power plants (2,744 MW installed power).

In the first half of this year, according to Transelectrica data, wind and photovoltaic parks (a total of about 5,900 MW of installed power now) and small biomass capacities produced 4.6 TWh of electricity, i.e. almost 19% of the national total.

Source: economica.net

BIPA, part of the German giant REWE, is preparing to enter Romania

The REWE group, which entered Romania in 2001 with the Penny discount supermarket chain, will also bring its BIPA drugstore brand to the local market. The Bipa Romania Drogherie company is already hiring.

BIPA positions itself as a chain of low-priced stores that sells care, beauty and health products. BIPA’s direct competitor on the Romanian market is the German retailer dm.

BIPA has over 500 drugstores in Austria and 139 stores in Croatia. The REWE Group operates over 400 Penny stores locally with approximately 7,500 employees.

U•Center 3 achieves Access4you Design Gold Pre-Certification

Forte Partners announces that U•Center 3 has achieved the Access4you Design Gold Pre-Certification, just one month after construction began. This milestone ensures the future built environment meets high accessibility standards for people with diverse mobility, visual, hearing, and cognitive needs, providing certified and detailed accessibility information for all users.

”Achieving the Access4you Design Gold Pre-Certification just one month after construction began confirms Forte Partners’ commitment to ESG values and to creating inclusive real estate projects”, said Daniela Marinescu, Head of Asset Management at Forte Partners. “ESG today is no longer just about meeting regulations, it’s about making a real impact in the community and building environments where everyone is welcome. This certification strengthens our ESG pillars, which include carbon reduction, smart water use and reuse, waste management, green transportation, biodiversity, and health and wellness.”

U•Center 3 is the first office project in Romania to receive this Design Pre-Certification at Gold level, delivering tangible benefits for future users such as improved experience, enhanced safety and potential cost savings in risk management. It also supports ESG reporting, underscoring Forte Partners’ proactive commitment to social sustainability.

The Olăroiu family launches Wida Mamaia Residence

The Olăroiu family, through the company First Mamaia Residence SRL, owned by Antonio Daniel Olăroiu and Roxana Tanase, has finalized the transformation of the former Mamaia Hotel into a luxury residential complex called Wida Mamaia Residence.

The investment exceeded EUR 25 million and includes 95 accommodation units – from studios and 2-5 bedroom apartments to duplexes and penthouses – plus amenities such as a gourmet restaurant, sports facilities, children’s playground and direct access to the beach.

The project was coordinated by architect Daniel Ciocăzanu, on a plot of about 5.600 square meters. Asking prices start at around 3.500 EUR/sqm. Many of the apartments have already been sold. Another 30 will operate as aparthotels, an increasingly popular formula in luxury tourism.

Developers prepare investments of over EUR 1.5-2 bln in commercial projects

The Romanian commercial real estate market is preparing for a massive wave of investments, with 17 major projects under development totaling 887,400 square meters. The top 10 comes with five large retail projects, four industrial projects and a single office development.

The project pipeline includes 388,000 square meters of retail space (worth approximately EUR 970 million), 367,100 square meters for the industrial sector (about EUR 367 million) and 132,300 square meters of offices (estimated at EUR 330 million).

The largest projects include Cluj Mall (130,000 sqm) and Rivus Cluj (120,000 sqm), both developed in Cluj-Napoca by Prime Kapital-MAS Real Estate and Iulius Group-Atterbury Europe, respectively.

The Romanian investment market recorded transactions of EUR 391 mln in the first half of 2025

The Romanian investment market recorded a transaction volume of 391 million euros in the first half of 2025, marking a slight decrease of 6% compared to the same period last year, but positioning itself as the second best performing first half of the last 12 years. The retail sector dominated the activity with 42% of the total volume.

The national economy shows signs of slowing down, with GDP growth of only 1% in Q2, but the outlook for the rest of the year remains positive, with a total volume estimated at over EUR 800 million.

An indicator of the market’s maturity is the dominance of foreign investors, who contributed over 70% to the total traded volume.

The Pintilie Family Expands Its Real Estate Investments in Bucharest

The entrepreneurial family, Mariana and Lucian Pintilie, is in the process of authorizing its second residential project on its own in the Bucharest real estate market, and, in parallel, has begun selling the first blocks of flats it is building within Metalurgia Park, in Berceni.

The two entrepreneurs partnered with Daniel Sava, owner of Edildanconstruct, and together they developed the first phase of the Grand Kristal residential complex near the former Vulcan industrial platform in southern Bucharest, namely 22 blocks with 2,000 apartments, which they completed and sold in 2023. Last year, Daniel Sava decided to continue the second phase of the project development on his own, which will ultimately include 1,400 apartments and 13 villas.

On the 7,000 square meter plot in Berceni, they are building the second phase of Metalurgia Park, a complex in which the construction of 2,500-3,000 new apartments is planned. Here, the Pintilie family has begun construction of two 6-story blocks with a total of 152 apartments and a basement between the two buildings for parking, for 78 cars.

Source: Profit.ro

Rituals Cosmetics inaugurates its first store in Brașov

Rituals Cosmetics continues its expansion in Romania by inaugurating its first store in Brașov, in Coresi Shopping Resort.

Founded in Amsterdam in 2000, Rituals has since established itself as a global expert in the industry. The company is present in over 36 countries and cities such as London, Paris and Hong Kong, with over 1,185 stores, over 4,200 stores within other stores, 5 body spas and the first Mind Oasis in the world. In addition to the first Mind Oasis in Amsterdam, Rituals also opened Mind Oasis in Antwerp, Barcelona, Frankfurt and Paris in 2023.

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