F.B.R. Towers secures €24m UniCredit financing for Ateneo Timișoara

F.B.R. Towers SRL, part of the Fri-El Group, has obtained a €24 million loan from UniCredit Bank to support the development of the Ateneo Timișoara project.

The scheme is located in the northern part of Timișoara, close to the University of Agronomy and Veterinary Medicine and approximately one kilometre from the future IKEA store. The project is planned as a large-scale residential complex complemented by commercial, leisure and service functions.

The developer estimates a total investment of more than €80 million. The scheme is expected to deliver around 1,300 apartments alongside a range of amenities.

Otokar to Acquire Automecanica Mediaș in €85M Deal

Otokar has signed an agreement to acquire a 96.77% stake in Automecanica S.A. and its production facility in Mediaș, Romania, in a deal valued at approximately €85 million.

The transaction, signed on April 29, 2026, is subject to regulatory approvals. The move marks a key step in Otokar’s European expansion strategy and will establish the company as a defense manufacturer with industrial operations inside the EU.

The Mediaș facility spans around 140,000 sqm and employs over 250 staff, offering full-cycle production capabilities for armored vehicles. Otokar plans to use the site for the local production of COBRA II 4×4 tactical vehicles under its contract with Romania’s Ministry of Defense.

Full assembly operations are expected to begin in June 2026. The investment is set to strengthen Romania’s defense industrial base and support NATO-aligned production standards, while positioning the country within European and allied supply chains.

Radisson Blu to Open Hotel in Sinaia Mountain Resort

Radisson Hotel Group will expand its presence in Romania with the opening of Radisson Blu Hotel Sinaia Cota 1400, a new upscale project in the country’s mountain resort segment.

Developed in partnership with Premier Hospitality, the hotel is scheduled to open in 2026 and will be located at 1,400 meters altitude in the Bucegi Mountains, one of Romania’s key tourist destinations.

The project will offer 68 rooms, including suites and a presidential apartment, alongside facilities such as restaurants, conference areas, spa, indoor pool and ski-in/ski-out access.

The investment reflects growing interest in Romania’s mountain tourism sector and the expansion of international hotel brands into high-potential resort locations.

Romania MPs File No-Confidence Motion Against Bolojan Government

Members of Parliament in Romania have submitted a no-confidence motion against the government led by Prime Minister Ilie Bolojan, escalating political tensions ahead of a key vote.

The motion was initiated by PSD, a governing party, together with opposition party AUR, and is also supported by S.O.S Romania representatives. It was read in Parliament and is scheduled for debate and vote on May 5.

The document accuses the government of economic mismanagement, declining living standards and a lack of transparency in implementing reforms, including measures linked to the National Recovery and Resilience Plan (PNRR).

Signatories also raised concerns over potential sales of strategic state assets and the use of accelerated procedures for investor access, warning these could bypass standard market mechanisms.

The outcome of the vote is expected to be a key test for the stability of the current government and could impact Romania’s near-term economic and investment outlook.

Eurowind Energy Inaugurates 48 MW Wind Park in Romania

Eurowind Energy has inaugurated the Pecineaga Wind Park in Romania, following an investment of approximately €90 million.

The project has an installed capacity of 48 MW and is equipped with eight Siemens Gamesa turbines, marking one of the largest wind turbine models currently operating in Romania. The park is expected to generate around 176,000 MWh annually, covering the electricity consumption of roughly 48,000 households.

With this project, Eurowind Energy reaches 124 MW of operational capacity at local level. The company plans to expand its footprint in Romania, targeting a 1 GW portfolio across wind, solar and storage by 2030.

The investment is set to support the growth of renewable energy production and contribute to a more resilient and sustainable energy mix in Romania.

Primark to Open Fifth Store in Romania in Craiova

Primark will open its first store in Craiova on June 9, marking its fifth location in Romania.

The new store will be located in ElectroPutere Mall, reinforcing the retail destination’s position in southwestern Romania. The expansion follows recent investments aimed at attracting international brands and strengthening the regional retail offer.

Primark continues its growth on the Romanian market after opening stores in Bucharest, Timișoara and Cluj-Napoca, with previous investments generating hundreds of jobs.

The retailer operates more than 80,000 employees across Europe and the US and remains focused on expanding its footprint in key CEE markets.

Strabag Leases 4,500 sqm of Office Spaces in Queens Pipera

Real estate developer Speedwell has reached an agreement with Austrian builder Strabag for the lease of a 4,500 square meter headquarters in the Queens District, on Şoseaua Pipera, and the construction of the office building in which this space will be located.

Speedwell has commitments to lease over 30%, or about 7,000 square meters, of the area of the office building to be built in Queens District. Half of this area is reserved by Strabag, which will also provide the general contracting part of the project.

Speedwell purchased a 28,500 square meter plot of land from the Greek group Atlas Corporation in 2023. Almost half of the plot, 13,371 square meters, is reserved for the construction of the fourth hospital in Bucharest of the Regina Maria medical network, plus a building that will house medical clinics. On the other half of the plot, Speedwell has begun construction of the first two residential buildings in the Queens District complex and an office building, consisting of two bodies, with an area of 22,500 square meters.

Source: Profit.ro

The Edition 1011 Featured by Versace Ceramics project attracts EUR 130 million investment

The first full branded residences project carried out in collaboration with Versace Ceramics in Romania attracts an investment valued at approximately EUR 130 million. The project is being carried out by Ten Eleven Development, a company founded and coordinated by millionaire Constantin Iacov, the former owner of the former football club FC National.

The Edition 1011 Featured by Versace Ceramics is in full construction, having started in February. Works are currently underway on the three underground levels. The project will bring together 419 Edition Residences, with the delivery of the entire project estimated on December 31, 2028.

The project occupies a 13,500 square meter plot between Şoseaua Fabrica de Glucoza and Bulevardul Dimitrie Pompeiu, with access to both arteries.

Source: Profit.ro

Alesonor and STRABAG begin construction of 172 green homes in Amber Forest in Tunari

Alesonor and STRABAG have started construction of the second phase of the Amber Forest project in northern Bucharest, which will have 172 homes, of which 91 are villas and 81 are apartments. The residential complex is developed on an area of 31 hectares, with only 15% built-up area.

The project has obtained LEED Platinum certification according to the v4.1 standard for communities: Planning and Design, becoming the first residential project in Europe to achieve this standard.

To date, the project includes 690 green homes, of which 580 have been sold and approximately 300 have already been delivered.

“The partnership with STRABAG is essential for this stage, as it allows us to maintain the technical standards of the project and ensure that the assumed objectives, including those related to the LEED Platinum certification, are supported by a rigorous execution, at the level of reference projects in the market”, says Leonidas Anastasopoulos, Co-founder and Managing Partner, Alesonor.

One United Properties takes over EUR 100 million project in Iași

One United Properties has signed a memorandum for the acquisition of the land of the former IAȘITEX factory in Iași. This is the third city in which the developer is expanding regionally, after Sibiu and Constanța.

“Evergent Investments participates with the land having an approved Zonal Urbanistic Plan (PUZ), while One United Properties will ensure the development and marketing of the real estate project,” the Evergent announcement states.

The land has an area of 25,000 square meters and is located on Bulevardul Primăverii no. 2. On this land, Evergent planned to build a mixed real estate project, with 850 apartments, an investment of EUR 100 million. In 2024, the project was postponed.

Source: economica.net

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