All posts by tudor@cijeurope.com.

MAS Has Put Up for Sale 6 parks on the Local Market

South African developer MAS has put up for sale all of its retail parks in Romania, except those in Bucharest and Balotești. At a value of around EUR 300 million, this could become the largest transaction ever signed in the retail sector of the local real estate market.

 

The South African investor has put up for sale its retail parks in Ploiești, Zalău, Roman, Baia Mare, Sfântu Gheorghe and Bârlad. They have a total leasable area of ​​125,500 square meters and are valued in the property’s accounting at over EUR 310 million. The shopping centers generate EUR 22.7 million annually from the rental of the spaces.

 

According to market sources, M Core would be interested in acquiring the retail parks from the MAS portfolio. MAS’ decision to sell the retail parks comes in the context of the fact that, at the beginning of 2025, MAS sold all the strip malls it owned in Romania to the British group M Core, for a price of over EUR 50 million.

 

Source: Profit.ro

 

Swiss Sika Acquires New Large Factory

Swiss construction materials manufacturer Sika is buying Turkish adhesives manufacturer Akkim, whose only factory abroad is in Romania.

 

Akkim operates two units, in Turkey and Romania, where it produces polyurethane (PU) foam, adhesives, sealants and other chemicals. Last year it had net sales of 286 million dollars. The Romanian factory, located in Ploiesti, had in 2024, the last year reported, business of RON 248.2 million and a net profit of  RON 28.4 million, with almost 200 employees.

 

Sika Romania currently has a team of over 600 employees and owns 5 industrial platforms strategically located throughout the country. In the summer, Sika announced the inauguration of a new concrete admixtures production unit, located on the industrial platform in Corlătești, Prahova County.

 

Source: Profit.ro

Prime Kapital Takes EUR 150 Million to Refinance Mall Moldova

UniCredit Bank Romania, as the transaction coordinator and in partnership with Alpha Bank Greece, has finalized the structuring of a EUR 150 million syndicated loan to refinance Mall Moldova. Owned and developed by Prime Kapital, Mall Moldova opened in April 2025 and is one of the few super-regional shopping centers in Romania.

 

Mall Moldova offers over 250 national and international brands. The total retail space is approximately 125,000 square meters. It also includes the largest cinema in the east of the country and an entertainment area of ​​over 10,000 square meters.

 

Prime Kapital has also obtained the construction permit for the first phase of its new residential project in Silk District: LOOM. This represents the fourth stage of the extensive urban regeneration project in Iași. Construction works are scheduled to begin this summer.

 

Source: Profit.ro

THE IVY, developed by SPEEDWELL, Announces the Handover of the Third Building

SPEEDWELL announces the completion and handover to owners of the third building developed, commercially named C5, within THE IVY residential complex, located near the Băneasa forest. THE IVY offers a mix of facilities dedicated to everyday life, lush green spaces, pedestrian walkways, and a children’s playground.

 

“THE IVY has evolved beautifully and ambitiously into a mature development that fully meets the modern living requirements of a well-established community,” adds Mădălina Arsene, Sales Manager, SPEEDWELL Development.

 

The investment in the development of the third building was EUR 27.3 million, half of which was secured through a financing agreement with Garanti BBVA. The total budget allocated to the entire complex amounts to EUR 160 million, the project being planned to feature over 800 apartments.

 

Currently at the end of the handover process, the C5 building includes 128 apartments, ranging from 54 to 121.6 square meters, and 173 parking spaces.

 

Last September, SPEEDWELL began work on the fourth building of the project, C8, which will deliver 64 residential units, bringing the project to half of the total scheduled number of apartments. Structured on six floors, the new building also has two-, three-, and four-room apartments available, with usable areas ranging from 53 to 115.4 square meters. Construction is expected to be completed by the end of 2026, while the apartments are scheduled to be handover in the second quarter of 2027.

Pinum closes 2025 with a turnover of nearly EUR 25 million – up 20%

Pinum Doors & Windows closed 2025 with solid financial results, marking approximately 20% growth compared to the previous year and reaching a turnover of EUR 24.9 million.

 

“The results achieved in 2025 are the outcome of a coherent strategy and the company’s ability to turn market pressures into growth opportunities. We strengthened our relationships with partners and maintained a sustainable balance between quality and competitiveness. Reaching the threshold of nearly EUR 25 million confirms the maturity of our business model and the market’s confidence in the Pinum brand,” stated Francesco Curcio, CEO of Pinum.

 

2026 is centered on the inauguration of the new factory in Moara Vlăsiei – a total investment of over EUR 14 million. The project doubles the company’s production capacity and integrates sustainable solutions, including solar panels for energy supply. The factory spans 20,000 square meters on a six-hectare site.

 

In parallel, Pinum will open a flagship showroom in Nusco City in Pipera in 2026, covering 1,200 square meters and becoming the company’s largest display space.

 

The company also expects significant growth in its franchise network this year. So far, the Pinum network includes 16 franchise showrooms and three company-owned units, currently undergoing accelerated expansion. Interest in franchising is increasing in the regions of Moldova, Transylvania, and western Romania. In the coming period, the company will inaugurate two new franchised showrooms, with a target of opening six new units this year, including a key franchised showroom project in Timișoara.

 

The Pavăl Brothers Took Over Carrefour Romania

The Carrefour Group officially announces the sale of its operations in Romania to Pavăl Holding, owned by the brothers Dragoș and Adrian Pavăl, founders of the DIY network Dedeman.

 

The transaction value is EUR 823 million. The French group expects to complete the sale of Carrefour Romania in the second half of 2026, after obtaining approvals from the regulatory authorities.

 

“We have always followed with interest the evolution of the business model developed by Carrefour. The idea of ​​bringing together an extensive product offer in one place was an important milestone for us and inspired us in the way we developed Dedeman. At the same time, Carrefour Romania has opened important paths in the relationship with local producers, promoting the authenticity of Romanian products. It is a philosophy in which we fully identify because a healthy business only grows alongside the community that supports it,” says Dragoș Pavăl, President of Pavăl Holding and Dedeman.

 

Carrefour Romania operates a network of 478 stores (including 55 hypermarkets, 191 supermarkets, 202 convenience stores and 30 discount stores).

 

Former CEO of eMAG Hungary was Recruited by CTP Romania as COO

Cătălin Diț, former CEO of eMAG Hungary, was recruited by CTP Romania as Chief Operating Officer (COO). Cătălin Diț was CEO of eMag Hungary until the merger with the Hungarian company Extreme Digital, subsequently Chief Commercial Officer.

 

In Romania, CTP owns industrial and logistics parks with a total area of ​​2.96 million square meters, equivalent to 24% of the total volume managed by the company at European level.

 

The value of the properties owned by the group in Romania amounts to EUR 2.2 billion and represents 15% of the value of the entire CTP portfolio, having the second largest share after the Czech Republic.

 

Source: Profit.ro

NEPI Rockcastle to Build a Major Real Estate Project on the Former Industrial Platform in Galati 

NEPI Rockcastle is in the process of authorizing the real estate project that will be built on the former INTFOR industrial platform in Galati, purchased four years ago.

 

The company plans to build a complex of collective housing, office buildings and complementary functions, including a hotel.

The land on which the blocks are to be built is 22,500 sqm, and the residential towers have 11 floors. The plan calls for the construction of three blocks, as well as a hotel and a one-story building.

 

The commercial park is in the authorization stage, and the contractual terms for 81% of the leasable area have already been established. It will have over 42,000 sqm and over 1,100 parking spaces.

 

Source: economica.net

Building Materials Distributor Temad Invests EUR 12 mln in Logistics Center

The building materials distributor Temad from Brasov, controlled by the Madar family, reached a turnover of EUR 52 million last year, up 3% compared to the previous year, and this year it estimates turnover of EUR 54 million, according to officials.

 

“We are seeing a relative contraction of our market (mainly the market for auxiliary construction and renovation materials) due to the slowdown in housing construction and the industrial segment, the reduction in consumption by individuals (smaller budgets for renovations and home repairs), said Florin Madar, the founder of the Brasov-based company. Furthermore, he said that there is increasing competition in the various segments in which it operates, but it is also facing rising supplier prices.

 

Temad’s plans for this year include an investment of  EUR 12 million in a logistics center in Ghimbav, Brasov, as well as the expansion of the direct distribution network in the Moldavian area.

Sheraton Bucharest Invests EUR 6 mln to Modernize Rooms and Public Areas

The five-star Sheraton Hotel in Bucharest, operated by Grand Plaza Hotel, has started an extensive modernization of its 270 rooms and public spaces, a project involving a total investment of EUR 6 million.

 

Renovation work is currently being carried out on three floors, covering 50 rooms, with the aim to have the entire inventory of accommodation upgraded by next year.

 

Daniel Ben-Yehuda, the hotel’s general manager, said the project also includes the refurbishment of public spaces, and the area where the casino previously operated is now home to the Stay Fit Gym brand.

 

Management expects a slight increase in turnover for the current year, despite the investments.

front page info
LATEST NEWS
26 June 2026 Record Number of Slovaks Traveled Abroad for Leisure in 2025 as Domestic Tourism Remained Stable 26 June 2026 Acoustic Design Helps Serbia’s Fruške Terme Resort Balance Scale with Guest Comfort 26 June 2026 Accolade Industrial Fund Expands European Logistics Portfolio to €2.3 Billion 26 June 2026 SHD Real Estate Plans 179-Unit Residential Development at Lipno Reservoir 25 June 2026 Europe’s Office Market Looks Beyond AI as Economic Fundamentals Continue to Shape Demand 25 June 2026 Rohde & Schwarz Topex Expands Bucharest Presence with 10,000 sqm Lease at myhive IRIDE | nineteen 25 June 2026 Why Tokyo’s New Skyline Is Built to Move During Earthquakes