AFI Romania Prepares New Project in Cotroceni, Bucharest

Developer AFI Romania is preparing the first stage, with rental housing, of a large real estate project that will also include offices and a hotel, behind the AFI Cotroceni mall.

The developer will start by constructing a building with 3 vertical traffic nodes called AFI Home Cotroceni.

The buildings will be intended for housing. 284 apartments and 382 parking spaces will be arranged. On the ground floor there will be commercial spaces for rent, office spaces (co-working), homes with their own garden, 3 loft-type apartments. Two civil protection shelters will be provided, located in the basement – 2. The shelters will be able to accommodate 900 people.

This first stage of development in Cotroceni will be carried out on a plot of land with an area of 9,517 square meters, purchased from BCR for 7.4 million euros in 2020. The Israeli investor also owns a plot of land of about 4 hectares, which completes this project and on which the construction of 4 other commercial buildings is planned: offices and a hotel, and two more residential buildings.

Source: Profit.ro

Globalworth Green Court Building D surpasses 60% occupancy just 5 Months after Construction Start

Globalworth announces that Building D of the Green Court complex has reached an occupancy rate of over 60% just five months after construction began.

Building D, whose construction began in the last quarter of last year, will add 16,500 sqm of office space, distributed across three underground levels, the ground floor, and 11 upper floors.

“The fact that we have exceeded the 60% occupancy threshold for Building D of the Green Court complex just a few months after the start of construction confirms the attractiveness of the projects developed by Globalworth and companies’ confidence in our high-quality office spaces. In a volatile economic context, this evolution shows that well-positioned projects developed to high standards continue to attract tenants’ interest” said Ema Iftimie, Managing Director of Globalworth Romania.

The Green Court complex already hosts, in its three existing Class A buildings (A, B, and C), renowned local and international companies such as Banca Transilvania, Abbott Laboratories Romania, Beko Romania, Capgemini Romania, Ericsson Telecommunications Romania, Legrand Romania, Softelligence, TDCX Romania, Nordic Group, Carrefour Romania. The total leasable area of Buildings A, B, and C is 54,300 sqm.

Crosspoint Real Estate: Apartment transactions down 18.6% in Bucharest in the first two nonths of 2026

The residential market in Bucharest started 2026 with an 18.6% decline in the number of apartment transactions in January-February compared to the same period last year, according to an analysis by Crosspoint Real Estate, International Associate of Savills in Romania. In Ilfov, the decline was 10.9%.

These figures follow a 2025 in which the total transaction volume in the Bucharest–Ilfov metropolitan area had already dropped 8.5% compared to 2024, to 55,297 units, while prices for new units rose by approximately 20%, reaching an average of EUR 2,500/sqm.

“What we are seeing in the market now is the consequence of an accumulated permitting deficit over several years, overlapping with pent-up demand and a shifting regulatory framework”, explains Oana Popescu, Head of Residential at Crosspoint Real Estate, International Associate of Savills in Romania. “The residential projects we take on from the concept phase reflect an increasingly selective approach by developers. We are talking about fewer units, better positioned, with a product calibrated to the segments that better absorb cost pressure. This evolution has also been reflected in our portfolio mix, which has clearly shifted toward middle-high and premium, segments that together now account for 80% of our residential consultancy activity”, Oana Popescu added.

The residential market entered 2026 with the most constrained pipeline in the past five years, with only 4,013 building permits issued in 2025 in the Bucharest–Ilfov area. The 5% increase in this indicator in 2025 compared to 2024 remains marginal relative to the deficit accumulated in recent years.

At the same time, the 2% growth in deliveries recorded last year compared to 2024, reaching 17,293 newly completed homes in Bucharest–Ilfov in 2025, came in a context where the reduced 9% VAT rate was conditioned, from August 2025 onward, on apartment delivery by year-end. Developers therefore accelerated construction to meet this deadline, and the delivery figure partly reflects an artificial increase driven by the fiscal calendar, rather than a production capacity that will be sustained into 2026.

Additional pressure comes from the entry into force of Law 207/2025, which intervenes in a market that delivered less in 2025 than in any year during the 2019–2022 period. While the regulation addresses a genuine gap in buyer protections and represents a step toward European standards, the side effect on the pipeline will be visible. Projects that relied on off-plan sales to finance construction phases will face additional difficulties, and some planned developments will not reach the execution stage.

“2026 is a year of recalibration, not crisis. Buyers who understand that new supply will remain limited over the next two years and that prices within Bucharest will not see structural declines. have a decision window before the supply pressure becomes even more visible. The market has matured, and the purchasing decision has become more rational, focused on total cost and long-term quality. This is a healthy development for all participants involved”, said Valentin Neagu, Managing Director of Crosspoint Real Estate.

ENGIE Romania in talks to Lease 4,000 sqm of Office Space in Matei Millo building

ENGIE Romania, the largest natural gas distributor and supplier on the local market, is in talks to lease a space of approximately 4,000 square meters in the Matei Millo Offices office building in central Bucharest, developed by Forte Partners, where the company plans to open an IT center, according to sources in the real estate market.

If the transaction materializes, it will be one of the largest office space leases in the capital in the last year.

The space targeted by ENGIE was previously occupied by the global technology center of the American cosmetics giant Estée Lauder, which closed its Bucharest operations in November 2025.

Source: zf.ro

Yellow Tree takes over Hilton Garden Inn Airport

The Yellow Tree real estate group has officially entered the Romanian hotel market by acquiring the Hilton Garden Inn Bucharest Airport hotel from the Lithuanian operator Apex Alliance. The transaction, valued at EUR 40 mln., represents a strategic diversification for Yellow Tree, whose previous investments were focused on the office and logistics segments in Bucharest and Otopeni.

The four-star hotel, the first located in an airport in Romania, was inaugurated in August 2019 following an investment of EUR 19 mln. and has 218 rooms. The transaction was brokered by IO Partners and JLL, and Apex Alliance will ensure continuity of services by maintaining a management contract.

Yellow Tree currently holds a portfolio of 90,000 sqm valued at about 120 mln. EUR, which includes assets such as the historic Dionisie Lupu building, Olympia Tower, Nerva Traian 3 and the former headquarters of Blue Air.

Globalworth secures nearly EUR 40 million financing from Banca Transilvania for Green Court expansion

Banca Transilvania has granted Globalworth a financing of almost EUR 40 million for the development of the fourth office building within the Green Court complex in Bucharest.

The project, whose construction began in the last quarter of last year, will add 16,500 square meters of office space, distributed over three underground levels, ground floor and 11 floors, and completion is estimated for 2027, according to information provided by the bank.

Green Court includes three completed buildings (A, B and C), with a total area of over 54,300 square meters. The entire complex is financed by Banca Transilvania, the total amount being over EUR 95 million.

“The expansion of the Green Court project reflects the natural evolution of an office complex that has already consolidated itself as a landmark in the business area in the north of the capital. The financing provided by Banca Transilvania supports the creation of a high-tech, efficient and strategically located work center in Bucharest. The project is developed according to the highest standards of sustainability and operational efficiency, confirming the confidence in a complex that continues to attract companies and contribute to the evolution of the office market.” – declares Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director, Globalworth.

Popeyes Expands with Two New Restaurants, in Suceava and Cluj-Napoca

Popeyes is opening two new restaurants this month, bringing the brand’s first restaurant in Suceava and its second in Cluj-Napoca.

The Popeyes expansion is part of the company’s more ambitious plan to expand into more cities in Romania. Popeyes launched in Romania four years ago, currently having a total of 19 restaurants, including seven in Bucharest, two in Iași, two in Constanța and one each in Pitești, Craiova, Buzău, Ploiești, Brașov, Cluj-Napoca, Oradea and Sibiu.

“The opening of the first Popeyes restaurant in Suceava, but also of the second in Cluj-Napoca, is part of a broad development plan for the future of the brand in Romania, so we are focusing all our efforts on the new restaurants. We are convinced that the residents of Suceava will appreciate the unique flavors of Louisiana chicken, as has already happened in Bucharest, Pitești, Craiova, Buzău, Ploiești, Brașov, Constanța, Iași, Cluj-Napoca, Sibiu and Oradea, where we are already present,” said Jakub Aleksandrowicz, Marketing Director for Popeyes Central and Eastern Europe.

Dan Şucu Launches the Luxury Real Rstate Project Nordului 56

Dan Şucu, owner of Mobexpert, and real estate developer Marian Mihai launched the residential project Nordului 56, with 119 luxury apartments, located on Şoseaua Nordului, near Parcul Herastrău, with a total sales value of EUR 130 million.

“After two years of intensive development, during which we completed the structure and facade of the building, the launch of sales for Nordului 56 marks the project’s entry into the final stage. We chose to reach a very advanced stage of construction before opening sales, to provide buyers with certainty and to demonstrate the level of quality that we propose. We believe that Nordului 56 will become a benchmark for the premium residential segment in Bucharest,” said Dan Şucu.

The apartments have areas ranging from 100 sqm to a maximum of 450 sqm. The project also includes 355 parking spaces.

IREKS Buys 13,000 sqm Land in Chitila

The German group IREKS, an international producer of ingredients for the bakery and confectionery industry, has acquired a land of approximately 13,000 sqm in Chitila, near Bucharest, in a transaction brokered by the real estate consultancy company Cushman & Wakefield Echinox.

The investment includes the development of an administrative headquarters, a customer relations center and a logistics warehouse adapted to the company’s growth plans on the local market.

“IREKS Group, with a long and solid tradition in the field of bakery and confectionery ingredients, has decided to consolidate and expand its presence on the Romanian market by acquiring this land. The investment aims to build a modern administrative headquarters, with a customer center and a logistics warehouse, the capacity of which is specifically adapted to the growth trajectory of IREKS PAN ROMANIA. The land identified, following a thorough analysis of the available offers in the Bucharest area, fully meets the strategic requirements of the company,” says Ştefan Oprea, Consultant Land & Industrial Agency Cushman & Wakefield Echinox.

North Bucharest Investments to Market HILS Nord Residential Project

North Bucharest Investments has entered into a partnership with HILS Development to promote the HILS Nord residential project in Bucharest.

The collaboration expands North Bucharest Investments’ residential portfolio and gives buyers and investors access to one of the larger residential developments currently planned in the northern part of the Romanian capital.

According to the companies, HILS Nord is being developed on a site of approximately 10 hectares. Once all phases are completed, the project is expected to comprise around 2,705 apartments.

The first development phase is currently underway and covers about 35,219 square metres. This stage includes four residential buildings and a total of approximately 1,200 apartments.

Vlad Musteață, CEO of North Bucharest Investments, said the project aligns with current market demand for modern and energy-efficient housing in areas with long-term development potential. He added that the cooperation with HILS Development allows the company to offer clients and investors access to a project designed with a structured urban concept and contemporary construction standards.

The project is part of a broader pipeline of residential developments in the northern Bucharest area, where demand for new housing has remained relatively strong in recent years.