All posts by tudor@cijeurope.com.

Lion`s Head and WDP re-enter the Race for P3 Bucharest

The P3 company resumed the sale process of the logistics park near Bucharest after the Competition Council rejected P3’s transaction with CTP last year due to anti-monopoly restrictions. If CTP had bought P3 Bucharest A1, then the real estate developer’s portfolio would have increased to over EUR 3.3 million and would have been close to the 50% threshold of the Romanian industrial/logistics market.

 

Before reaching an agreement with CTP, WDP, Lion`s Head Investments and the Accolade group from the Czech Republic had also entered the race to acquire the logistics park. Now, with the resumption of the sale process, only WDP and Lion`s Head have shown their interest in the acquisition.

 

The two companies currently in the race are in the due diligence process, after which P3 will enter into an exclusive agreement with one of them and the transaction will be presented to the Competition Council for validation. P3’s target is to finalize the sale and exit the market by the end of the year. The sale price remained the same as in the first round, i.e. approximately EUR  250 million.

 

Source: Profit.ro

BT Property Bought Record Park office complex in Cluj-Napoca

The real estate fund BT Property, managed by INNO Investments, a company of the Banca Transilvania Group, has purchased the Record Park office complex in Cluj-Napoca from the Belgian fund AYA Properties Fund. The Belgians bought the project from Speedwell in 2022 for EUR 35 million.

 

Record Park is a class AAA office complex with approximately 15,000 square meters of office space, leased to international companies and developed in 2020. The complex includes a fitness center with a swimming pool, restaurant, co-working spaces and an underground parking lot with over 200 spaces, and is BREEAM Excellent certified. The transaction value was not made public.

 

“We chose Record Park due to its strategic positioning, the quality of the construction and the mix that responds very well to the current needs of companies and the local community. Both the return offered to investors and the quality of the real estate assets in which the fund invests are important, taking into account the rigors of ESG,” said Vlad Micu, CEO of INNO Investments.

Nusco Sells 3 ha Land in Pipera to City Nord Group for over EUR 3.6 million 

Michele Nusco, founder and CEO of Nusco, has decided to sell a plot of land of approximately 3 hectares located opposite the Nusco Green Homes villa complex to the developer City Nord Group, which will build the City Nord Eminescu 28 project there, with over 400 apartments. The transaction value is estimated at over EUR 3.6 million excluding VAT.

 

Michele Nusco’s decision to sell the land reflects the company’s focus on the Nusco City project, the largest urban regeneration project in the north of the Capital. The third phase of the complex, authorized in November 2025, provides for 836 apartments, 1,063 underground parking spaces and 1,600 square meters of commercial space, with an estimated investment of over EUR 150 million and a completion date of the end of 2028. The developer has already sold over 250 apartments in just two months after authorization.

Timisoara Airport has Abandoned EUR 3 million Investment in a New Parking Lot  

The “Traian Vuia” International Airport in Timisoara has abandoned the investment project to build a new parking lot due to a lack of necessary funds. The airport approved the investment worth almost EUR 3 million almost half a year ago.

 

“The investment had two stages, the first for the construction of a new parking lot, the second stage for the rehabilitation of the existing parking lot. The total estimated amount for this project was EUR 2,997,214, including VAT. This was to be established based on a feasibility study as a result of the identified solutions,” say airport representatives.

 

However, the airport has started procedures for current repairs, which will be carried out within the limits of its existing budget.

 

Source: zf.ro

Rituals Opens New Store in Plaza Romania

Rituals Cosmetics continues its expansion on the local market by opening a new store, located on the ground floor of the Plaza Romania shopping center, Bucharest.

 

This is the brand’s second opening in Sector 6, after the store in AFI Cotroceni, launched last year, thus consolidating Rituals’ presence in one of the most dynamic commercial areas in Bucharest.

 

Founded in Amsterdam in 2000, Rituals is present in over 36 countries, with over 1,185 stores, over 4,200 stores inside other stores, 5 body spas and the first Mind Oasis in the world.

 

Hotel Central in Ploieşti Put Up for Sale

Industrial equipment manufacturer Feper, also active in the hotel sector, has put up for sale the Hotel Central complex in Ploieşti, by auction, with a minimum starting price of EUR 10 million plus VAT.

 

The assets put up for sale include several plots of land and buildings located in Ploieşti, which form the Hotel Central complex, namely three plots of land with a total area of ​​over 3,100 square meters and the hotel buildings, with a cumulative built-up area of ​​over 14,000 square meters.

 

The 4-star Central Hotel in Ploieşti is one of the city’s historic buildings, built at the end of the 19th century.

CTPark Bucharest South Expands with New 54.000 sqm Building

Developer CTP has completed a new 54,000 sqm building within CTPark Bucharest South, the industrial park in Popeşti-Leordeni, in the south of the capital. It is the fourth building within the park, and with this delivery the total leasable area reaches approximately 140,000 sq m, consolidating its position as one of the most important logistics destinations in southern Bucharest.

 

The industrial park benefits from a positioning in the vicinity of two access roads from DN4 and a direct connection to the Bucharest ring road (A0) through a road junction located less than 500 meters from the park. This location ensures efficient connectivity to Bucharest, to the main national transport corridors, but also to international routes to Bulgaria, Greece and Turkey, making it the right location for distribution, logistics and light manufacturing activities.

SVN Romania was Appointed the Exclusive Agent of Allegra Residential Project

Real estate consultant SVN Romania was appointed the exclusive agent of luxury residential project Allegra, located on Erou Iancu Nicolae Street, bordering Baneasa Forest, with the construction being set to begin next week.

 

Allegra will bring together only seven apartments in a boutique residential building structured on four levels. Each residence will have a total area of at least 150 square meters and the penthouse located on the top floor will also include a swimming pool.

 

”Newly developed luxury residential products on the Bucharest market are extremely few. A community as small as possible, the feeling of exclusivity, the concept and floor planning design, the implemented technical solutions, the materials and finishes used, all of these are key ingredients for a new luxury property. 2025 was a year with a high level of deliveries in the premium and luxury residential segment from Bucharest’s market, a level that will not be registered again in the immediate future, which will make truly exceptional properties to be increasingly rare,” stated Victor Vremera, COO SVN Romania.

 

SkyTower Bucharest Secures new Leases and Extensions Totaling over 9.000 sqm

During 2025, SkyTower has signed lease agreements and extensions covering approximately 9,000 square metres GLA, including both new tenants and expansions for existing occupants.

 

SkyTower’s newest tenants operate in various sectors, including food delivery, insurance administration, cybersecurity solutions, renewable energy (NAXXAR), online road tax services (SCALA) and diplomatic representation (Embassy of the Republic of the Philippines).

 

Several existing tenants have further consolidated their presence by extending and/or expanding their lease contracts with SkyTower Bucharest during last year: Tinmar Energy, Raiffeisen Bank Romania has secured the 31st floor of SkyTower, Bitpada Romania.

 

„ We are proud to see that SkyTower continues to attract leading tenants from diverse industries, ranging from technology and renewable energy to diplomatic institutions. These new leases and extensions reflect confidence in the quality and location of our building, as well as our ongoing commitment to delivering modern and sustainable office space.”, said Bogdan Deju, Leasing and Asset Manager of RPHI Romania, the company that owns and manages SkyTower Bucharest.

Modular Services, doubling its Office Space up to 1,300 sqm in Palas Iași

Modular Services, an outsourcing company specializing in IT, financial, and cybersecurity operations, expanded its office premises in the United Business Center 3 (UBC 3) building in Palas Iași. The international company has thus doubled its leased area, now occupying 1,300 sqm across two floors. The expansion comes as a result of Modular Services being in the process of growing its team by approximately 70 new specialists in the next 6 months.

 

“The growth of Modular Services comes from a constant commitment to quality, people, and solid partnerships with our clients. We are investing in our Romanian teams and in their development, and our office based in Palas Iași plays a major role in this regard. We want a stable, modern, and results-oriented work environment – a place where specialists can grow in the long term, together with the company,” said Ciprian Șaramet, Managing Director Modular Services.

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