Transilvania Veterinary Hospital opens at Iulius Town Timișoara

IULIUS Group is expanding its offer of services dedicated to the animal lovers’ community and announces the opening of the non-stop multidisciplinary Transilvania Veterinary Hospital in Iulius Town Timișoara.

 

“When we decided to grow our network, we looked for a place that would reflect our values: accessibility, European standards, comfort, and care for pets and their families. Timișoara is a dynamic city, with a large number of animal lovers who deserve veterinary care of the highest quality. Iulius Town perfectly meets our accessibility needs. A hospital that works non-stop should be easy to find and to get to at any time. The direct access from the ring road and the parking facility with more than 4,000 parking places solves this issue. It is also just as important that the complex already is pet-friendly,” said Alexandru Ciuban, co-founder and manager of the Transilvania Veterinary Hospital.

 

“Iulius Town is a project that constantly strives to address the increasingly diverse needs of its audience and where community plays a central role. The opening of the Transilvania Veterinary Hospital complements the pet-friendly component we have been developing in recent years and expands the projects’ mix of uses by adding services dedicated to pet care and health. We are delighted that the new facility creates a place where veterinary professionals can collaborate, while also helping to train future veterinary doctors and growing the community of specialists in Timișoara. This is a natural step forward for Iulius Town, but it is especially beneficial for the families who want to take good care of their pets just as much as they enjoy spending their time together,” said Andrei Sivoi, Shopping Center Manager Iulius Town Timișoara.

Țuca Zbârcea & Asociații Advises on the Sale of Neocity Towers to Global Vision

Țuca Zbârcea & Asociații was retained by the majority shareholder in a complex share-deal for the sale of Neocity Tower I and Neocity Tower II in central Bucharest to Global Vision.

 

With a total built area of approximately 10,000 square meters, the assets were originally acquired by the current seller from the developer, Neocity Group, having served as Alpha Bank’s headquarters for more than two decades.

 

“This deal is a significant milestone for the Romanian office market as it confirms the robust potential for monetisation and revitalisation of strategically located office buildings. It was a major project involving nearly two years of intense negotiations, during which we worked closely with the legal and real estate advisory teams representing both sides. We thank our client for their trust and professionalism throughout this intricate process, and the buyer’s team at Global Vision for their constructive approach,” said Dragoș Apostol, Partner at Țuca Zbârcea & Asociații.

Simon’s Burger enters the Romanian market

Simon’s Burger, one of the largest burger chains in Hungary, is opening its first restaurant in Romania. The company is entering the Romanian market through a franchise system, and the expansion of the chain locally is coordinated by StartUp HUB co-founders Grüman Róbert and Oltean Csongor.

 

The first restaurant, a flagship, which will have an area of ​​200 square meters, officially opens on September 12 in Cluj-Napoca.

 

Expansion plans in Romania include a chain of 25 restaurants in the coming years, according to information provided by the company. The group currently operates over 30 restaurants in three countries.

 

Source: economica.net

Pavăl Brothers Demolish the Halls of the Comatchim Platform

The brothers Dragoș and Adrian Pavăl, owners of the DIY retailer Dedeman, are preparing the demolition of the halls that were part of the Comatchim platform in the past, purchased for EUR 3.3 million in December 2018.

The buildings have not been used or maintained and are in a state of decay.

 

The halls now proposed for demolition are located on 3 plots of land with a total area of ​​approximately 2.4 hectares. Dedeman also bought, adjacent, the 2.7-hectare land of the Industria Iutei factory, for which it paid EUR 6.7 million  and which has already been cleared of buildings.

 

Thus, the land area that Dedeman has in this area of ​​Sector 5 exceeds 5 hectares. Dedeman representatives have not yet confirmed what the plans are with this land.

 

Source: Profit.ro

NORMAL Opens First Store in Romania

Danish retailer NORMAL begins operations in Romania at the end of September and will open two stores just two days apart. The first unit will be inaugurated on September 30 in Mega Mall Bucharest, and on October 2 the company will open the second store, in Shopping City Timisoara. The two spaces will have a combined 655 square meters and approximately 36 employees.

 

NORMAL says that Romania represents the next step in its expansion strategy in Europe. The retailer, launched in Denmark in 2013, has reached over 1,000 stores in 14 European countries.

 

“We are excited to begin our journey on the Romanian market this fall by opening not just one, but two stores, in two major cities: the first in the capital Bucharest and the second in Timisoara,” said Jakob Frølich Maarbjerg, CEO of NORMAL.

CTP Appoints Iulian Ciobotaru as Construction Director

CTP is strengthening its team in Romania by appointing Iulian Ciobotaru as Construction Director. Iulian Ciobotaru joined CTP in June 2025 and has 15 years of experience in the real estate and construction industry, covering project development, construction management, technical coordination and asset management.

 

In his new role, Iulian Ciobotaru will coordinate CTP’s construction activities at a national level, managing the delivery of new developments and expansions within the company’s growing portfolio.

 

CTP currently owns a portfolio of over 3 million sqm of industrial and logistics space in Romania, has over 200,000 sqm under construction and is preparing new developments at a national level.

 

Source: Profit.ro

 

Pavăl Holding Acquires Plot of Land in Cluj-Napoca for EUR 3 Million 

Pavăl Holding, the investment vehicle of the Pavăl family, which controls the DIY retailer Dedeman, has taken over 100% of the shares of CNE Retail SRL in exchange for approximately EUR  3 million. This company owns a plot of land in Cluj Napoca, near Floreşti, and a series of unused buildings, the new shareholders’ plan being to develop a new project here.

 

There is also a Carrefour hypermarket on this plot of land, a business recently purchased by the Pavăl family.

 

The seller in this transaction is, indirectly, the entrepreneur Dorin Bob, through the company Studium Green SRL. The Bob family owns multiple businesses including the canned vegetable producer Arovit, as well as several hazelnut orchards, in addition to investments in real estate.

 

Concelex Completes the Management Team with Daniel Spiridon and Carol Şerban

Concelex has brought Daniel Spiridon and Carol Şerban to its management team as deputy CEO strategy.

 

The two appointments come in a year in which Concelex continued to win major projects in areas such as energy, infrastructure and urban regeneration and budgeted a turnover 70% higher than the previous year. The company currently has over 1,300 employees and approximately 100 active construction sites.

 

“Daniel and Carol bring complementary experiences and a valuable perspective on how we build, organize and prepare for the next stage of growth. They are professionals with solid results in their fields and I am convinced that they will have an important contribution to the development of Concelex in the coming years,” said Radu Pițurlea, President and CEO, Concelex.

 

Leroy Merlin Opens New Store in Brăila

Leroy Merlin, a retailer specializing in construction, decoration and gardening, will open its first store in Brăila and its 26th in Romania, after three new units in 2025.

 

The new unit is built on a plot of land with an area of ​​34,000 square meters, will have approximately 250 parking spaces and will include four charging stations for electric cars. At the same time, the area dedicated to construction materials covers 2,900 square meters.

 

“The opening of the first Leroy Merlin store in Brăila is an important step in our development strategy and, above all, in the objective of being ever closer to our customers. We want the new location to become a partner for the projects of the residents of Brăila and the surrounding area, regardless of their size, offering access to a complete range of products and solutions, at low prices every day,” said Mathieu Bauduin, CEO Leroy Merlin Romania.

Romanian Capital Emerges as a Major Force in Commercial Real Estate, with EUR 2.1 Billion Invested Over 20 Years

Over the past 20 years, Romanian investors have acquired commercial real estate assets with a cumulative value of EUR 2.066 billion, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. As much as 69% of this amount has been invested since 2020, highlighting the increasingly important role of domestic capital in the real estate market.

 

During the first part of the period under review, particularly throughout the 2000s, Romanian investors had only a sporadic presence in the market, with some years recording no significant acquisitions involving local capital.

 

Romanian capital has entered a new stage of maturity. While 10 to 15 years ago local investors tended to appear only occasionally in commercial real estate transactions, today there are Romanian buyers who consistently assess income-generating assets and compete directly with regional and international investors. For entrepreneurs who have accumulated capital through their core businesses, commercial real estate has become a natural way to diversify their investments, preserve capital and generate recurring income over the long term,” said Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors.

 

The first major acquisition involving Romanian capital was recorded in 2010, when a Bucharest-based investor acquired Tiago Mall in Oradea, which was insolvent at the time, for EUR 30.5 million.

 

In the years that followed, Romanian investors gradually moved from opportunistic acquisitions towards a strategy of capital diversification through income-generating commercial properties. Office buildings, shopping centres and retail units, retail parks and industrial properties consequently became a distinct investment category for local entrepreneurs and investors.

 

This trend accelerated after 2020. The peak was reached in the fourth quarter of 2022, when Romanian investors deployed EUR 525.4 million into commercial real estate, accounting for approximately 90% of the capital invested in the Romanian real estate market during that quarter. Acquisitions by Pavăl Holding played a significant role, with the company purchasing eight office buildings that year for a combined value of approximately EUR 470 million.

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