All posts by tudor@cijeurope.com.

Urbano Shopping & Living to open in spring next year

Urbano Shopping & Living, the over EUR 100 million shopping center developed by Urbano Group in the Cluj-Vest metropolitan area, is set to launch in spring 2026, with Hornbach and Selgros stores as its main anchors.

 

So far, the brands that have confirmed their presence in the future Urbano Shopping & Living shopping center are the Lidl supermarket, fashion & footwear (Sinsay, Deichmann, Benvenuti, Sportisimo, Ovalsport), home & decoration (JYSK, Tedi), services & specialties (Stay Fit Gym, Prime Beef Grocery, Alma Pharmacy, Xpress, Fressnapf, Transilvania Veterinary Hospital, PPC – electric vehicle charging stations), drive-thru Hub & Restaurants (McDonald’s, Starbucks, Popeyes, Burger King, Mesopotamia).

 

Nhood Romania appoints Mihaela Petruescu as Country Director for Property Services Romania & Poland

Nhood, an integrated real estate services and solutions company present in 10 European countries, including Romania, has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October.

 

Mihaela previously held leadership positions at real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania, where she coordinated complex teams and managed diverse portfolios in the retail, office, and logistics segments.

 

“I strongly believe that the future of real estate is about creating sustainable value, not just managing properties. In a constantly transforming market, the difference is made by people and how we succeed in co-creating relevant solutions that meet the real needs of clients and communities. I am joining a team that emphasizes collaboration, innovation, and performance, and I intend to contribute to the development of a property services model based on operational excellence, agility, and a deep understanding of the market. Through this approach, we aim to consolidate Nhood Romania’s position as a trusted partner and a driver of sustainable transformation in the real estate field,” stated Mihaela Petruescu, Country Director for Property Services Romania & Poland.

A Third of the Apartments in the First Phase of Sema Home, Sold in 5 Weeks

Real estate consultant SVN Romania brokered the pre-sale of 100 apartments within Sema Home, representing a third of the first phase of the project, of which it is the exclusive consultant and agent.

 

This result was registered in only five weeks since the start of the sales process for the residential component of Sema Parc, which is being developed on the location of the former Semanatoarea platform. The first phase of Sema Home will comprise 301 apartments following an investment of about EUR 55 million carried out by Sema Real Estate.

 

”The good sales result registered by Sema Home shows that there is still a high level of demand on the local residential market, especially for carefully designed projects, which offer an integrated mix between a high level of living quality, sustainability that is translated into energy efficiency and maintenance low costs, and all the facilities and functions necessary for a modern lifestyle,” stated Mircea Marin, managing partner New Homes Division within SVN Romania and Sema Home project manager on behalf of the company.

 

Phase III of Nusco City Has Been Authorized

Nusco   has obtained the construction permit for Phase III of the Nusco City project, which includes 836 apartments, 1,063 underground parking spaces, 1,600 square meters of commercial spaces, and a large interior courtyard with extensive green areas.

 

This phase continues the development of the tiny forest concept (mini-forest), which began in Phase II. Thus, Phase III of Nusco City – along with Phases I and II – will feature a total green space of over 36,000 square meters, with more than 1,553 trees, 24,309 shrubs, and over 3,700 perennial plants and ornamental grasses.

“We are excited to announce that we have completed the authorization process for the construction of Phase III of Nusco City, a very important stage in the entire development. This phase also marks the start of the development of the first Hyatt hotel unit in Romania, as well as the beginning of the construction of the first Medicana hospital in Romania. It is truly moving to see how our vision for the mixed-use development of Nusco City is taking shape and becoming a tangible part of the daily life of the community,” states Michele Nusco, CEO of Nusco.

 

Phase III, mirroring Phase II of the Nusco City project, will consist of seven buildings with an estimated investment of over EUR 150 million euros. The 836 apartments will range from double studios to two, three, and four-bedroom units, as well as exclusive duplexes. The 1,063 underground parking spaces are also part of the plan. Construction has already begun, with an expected completion date by the end of 2029.

The volume of works increased by over 9% in the first nine months of 2025

The volume of construction works registered an increase of over 9% in the first nine months of this year compared to the same period in 2024, according to data published by the National Institute of Statistics (INS).

 

Thus, between January 1 and September 30, 2025, construction works increased by 9.3%, compared to the first nine months of the previous year, as a result of the results recorded by capital repair works (+51.8%) and new construction works (+6.2%). On the other hand, maintenance and current repair works decreased by 2.8%.

 

By construction objects, increases were recorded in residential buildings (+11.3%), engineering constructions (+9.3%) and non-residential buildings (+8.1%).

 

HILS Development has Launched the HILS Nord Project

Real estate developer HILS Development has launched the HILS Nord project, a mixed-use residential complex that will include 2,705 apartments on an area of ​​10 hectares, near Lake Şaulei, with direct access to the A3 Motorway. The total investment amounts to approximately EUR 200 million, financed from bank credit and own sources.

 

The first phase of the project, already under construction on 3.5 hectares, includes four blocks with 1,200 apartments, 1,440 parking spaces and over 11,000 square meters of green spaces. The delivery of this stage is scheduled for 2028, and the completion of the entire complex for 2032.

 

HILS Nord is the seventh project in the company’s portfolio, after the HILS Pallady, HILS Splai, HILS Brauner, HILS Republica, HILS Sunrise and HILS Titanium complexes, developed in the east of the capital.

Henkel Inaugurated its New Headquarters at Equilibrium 2

The German group Henkel, with over 500 employees on the local market, moved its headquarters in Romania to the new Equilibrium 2 office building. Henkel rented about 4,000 square meters for a new headquarters located on the 10th and 11th floors of the Equilibrium 2 building, delivered by the Swedes from Skanska in December 2022. Now, the company has inaugurated its new headquarters where all the company’s employees in Bucharest will work together, in the same workspace.

 

Henkel this summer completed the sale of its old headquarters in the Floreasca neighborhood to a premium housing developer, who wants to demolish the building and build a residential complex in its place. The building sold has an area of ​​1,800 square meters and will be demolished, in order to build a residential complex with several dozen apartments in its place.

 

Henkel owns three adhesives production units in Romania, located in Pantelimon (near Bucharest), in Câmpia Turzii (Cluj County) and Roznov (Neamț County).

 

Source: Profit.ro

Nhood Romania: The Active Entertainment Market in Shopping Malls Tripled Since 2019

Nhood  has released the first dedicated study on the active entertainment market within Romanian shopping centers: “Beyond Retail: Mapping the Growth of Active Entertainment in Romania’s Shopping Malls – The shift from pure retail to experience-driven destinations.”

Conducted across 60 shopping centers with a cumulative gross leasable area of over 2.7 million square meters, the study maps 116 distinct entertainment formats operated by 54 providers. It highlights a rapidly expanding sector marked by diversification, professionalization, and increasing sophistication. The research conceptually differentiates between active and passive forms of entertainment, aligning with industry best practices, and focuses specifically on documenting active entertainment formats and models.

“The entertainment sector within shopping malls is enjoying rapid growth, fundamentally redefining the relevance of a commercial center. However, the market lacked concrete data to guide industry players in their investment decisions or development strategies. Nhood took the initiative to conduct the first study of its kind in the market, a necessary step to professionalize the sector and facilitate the development of more competitive, well-founded projects better adapted to current trends. As the analyzed data revealed, we are no longer talking about a complementary service, but an engine of the overall experience – an essential differentiator in attracting visitors and transforming malls into leisure destinations. Nhood will continue to support the industry’s evolution through data, expertise, and initiatives that foster innovation,” stated Bogdan Aldea, Head of Business Development at Nhood Romania.

The analyzed data indicates significant growth potential for the entertainment market in the coming years, driven by a structural shift in how visitors perceive and use commercial spaces. Furthermore, the active entertainment component within shopping malls was valued at €28–30 million in 2024, excluding competitive socializing venues (bowling, billiards, table tennis, etc.), which are also growing rapidly.

According to the Nhood study, Romania is experiencing its most dynamic period in the history of its active entertainment sector, which is defined by experiences that involve visitor participation – from playgrounds and arcade games to immersive attractions and Family Entertainment Centers. The data points to a clear trend toward sophistication, modernization, and diversification as malls redefine their role from simple commercial hubs to genuine recreation and socialization destinations.

Currently, 95% of the analyzed malls integrate at least one active entertainment component, and the market is almost three times larger compared to 2019.

Yellow Tree Builds its First Shopping Center in Bucharest

The Yellow Tree real estate group launches the pre-leasing phase of the spaces for the first shopping center it is building in Bucharest.

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ARIA Shopping Center is planned to be inaugurated in the first part of next year and is located in the Valea Cascadelor area, in Sector 6. With a rentable area of ​​6,000 square meters, the center addresses brands in the fields of interior design, DIY, furniture and technical solutions.

 

The Yellow Tree Group specializes in the acquisition of non-performing assets, semi-finished real estate projects and property portfolios with financial problems, with the idea of ​​improving them through additional investments.

 

Source: Profit.ro

Weisenburger Completes Pache 71 Residential Project in Bucharest

German developer Weisenburger is nearing completion of a boutique residential project, replacing old houses in the Mătăsari area of ​​Bucharest, and is preparing two other new premium projects near the Băneasa forest.

 

The Pache 71 project, located on Pache Protopopescu Boulevard, will have 46 apartments and is being built on a plot of land of approximately 1,100 square meters, purchased by Weisenburger from Koson Property.

 

The largest residential project completed by Weisenburger so far on the Romanian market is Avalanșei8, developed in the Timpuri Noi area of ​​Bucharest.

 

“We currently have about 28,500 square meters of land in northern Bucharest in preparation, for the W.Regimentului and W.Jandarmeriei projects, which are in different stages of authorization,” said Ionel Giuglea, administrator of Weisenburger Real Estate Romania.

 

Source: Profit.ro

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