REDPORT secures EUR 9 million financing from Intesa Sanpaolo Bank Romania for VITALITY EST project

REDPORT announces the securing of a financing line worth EUR 9 million in partnership with Intesa Sanpaolo Bank Romania, dedicated to the development of the VITALITY EST residential project.

 

The financing structure includes a dedicated facility of approximately RON 5 million for VAT financing, thus ensuring a complete and predictable financial framework for the continuation of the next development phases of the project located on the shores of Lake Pantelimon, in the eastern area of Bucharest.

 

Developed in partnership with Dan Șucu, the project is built on a 27,000 sqm plot, and comprises 500 apartments and 400 sqm of commercial spaces. In the first phase, 145 residential units will be delivered, including studios, two-room and three-room apartments, as well as apartments with private gardens. The development will also include an integrated LIDL store, while nearby amenities include Esplanada Mall and IKEA Pallady, as well as schools and medical facilities.

 

“Access to financing in a selective economic climate is a real quality test for any developer. The partnership with Intesa Sanpaolo Bank Romania confirms that VITALITY EST is a well-positioned project, with solid financial parameters and genuine market demand,” said Cosmin Savu Cristescu, CEO of REDPORT.

 

Leventer Medical Group inaugurates Băneasa Tumor Center Hospital

Leventer Medical Group announces the official opening of the private Băneasa Tumor Center Hospital, an investment of over EUR 30 million.

 

After an extensive design and construction process carried out over more than four years, the hospital, located in the myhive Victoria Park building in the northern part of the capital, near the future Tokyo metro station, officially begins its activity.

 

The hospital spans an area of approximately 10,000 square meters, and the plans include an expansion of more than 12,000 square meters in a later development stage. It is designed as a complete medical infrastructure that integrates all stages of the caring process, from precision diagnosis to treatment and recovery.

 

“The presence of Băneasa Tumor Center Hospital in myhive Victoria Park honors us, especially as this is a hospital at the forefront of medicine, integrated into an emblematic building for the local market, part of the CPI Romania portfolio. The investment proposed by Assoc. Prof. Dr. Mihaela Leventer and Claudiu Opran also reflect CPI Romania’s strategic focus on a niche segment experiencing accelerated growth: the adaptation of modern office buildings to host private healthcare infrastructure. We provided Leventer Medical Group with a flexible infrastructure that allowed the organization of hospital flows and facilities in line with the highest medical standards. Thus, we have demonstrated our commitment to creating adaptable spaces designed to meet the needs and requirements of our partners.,” highlights Fulga Dinu, Country Manager, CPI Romania.

Alesonor Appoints STRABAG Romania as General Contractor for Amber Forest Suburb Phase II

Alesonor announces the appointment of STRABAG Romania as general contractor for the construction of Phase II of the Amber Forest suburb, located in Tunari, Ilfov County.

 

In Phase II, STRABAG Romania is building a residential area that will include 172 housing units, comprising a total of 91 villas and 81 apartments with parking and a total built-up area of more than 23,000 square meters. Site organization is scheduled to begin in February, with construction works starting immediately after. The housing types to be constructed include Urban Villa 12, Urban Villa 11, Urban Villa 10, Urban Villa 08, Urban Villa 07, Urban Villa 06, Urban Villa 03 and Urban Villa 02, as well as Symbio Villa 02 and Symbio Villa 03, designed to meet current living requirements, with a focus on functionality, efficiency and harmonious integration within the community.
Construction works will also start on the Type D apartment buildings, comprising a total of 81 apartment units across 3 separate buildings.

 

“Amber Forest is a complex and highly responsible development, requiring rigorous standards and careful coordination at every stage. Each phase is designed as part of a coherent whole and developed in line with the LEED v4.1 for Communities: Planning and Design – Platinum certification. Our collaboration with STRABAG Romania on part of Phase II reflects a shared commitment to construction excellence and to partnering with companies that understand the complexity of building a community, not just individual homes. As the Romanian residential market continues to mature, demand is increasingly shifting toward projects that deliver complete infrastructure, meaningful amenities, and a genuine community-centered living experience. Partnering with STRABAG, a company recognized for its expertise and quality standards, enables us to advance in a controlled and predictable manner, fully aligned with Amber Forest’s long-term vision,” said Leonidas Anastasopoulos, Co-Founder and Managing Partner of Alesonor.

 

“As general contractor for Amber Forest Phase II, STRABAG Romania brings structured technical coordination, rigorous planning and disciplined site execution to a development of significant scale and complexity. Our focus is on delivering the project in full alignment with its sustainability objectives, defined quality standards and agreed timeline. We value partnerships built on clarity of expectations and shared responsibility for long-term performance. Through this collaboration with Alesonor, we contribute our building construction expertise to shaping a coherent, well-planned community, conceived and delivered as an integrated living environment, with durability and functionality at its core,” said Alexandru Popescu, Technical Business Unit Manager at STRABAG Romania.

 

City Grill Group Wins Tender to Operate the café in Constanta Casino 

City Grill Group, controlled by the entrepreneur Dragos Petrescu, has been appointed the winner of the tender for the operation of the commercial space in the premises of the Casino in Constanta. This strategic expansion adds a new flagship building to the group’s portfolio, strengthening its presence in locations with high historical and architectural value.

 

The auction, organized by Societatea Patrimoniu Constanța Litoral SRL, was aimed at renting a space with a useful interior area of approximately 550 square meters, located on the ground floor and basement of the Casino, plus an outdoor terrace of 324 square meters overlooking the sea.

 

The future establishment will operate under a café-bistro concept, the specifications prohibiting the thermal preparation of food on the premises; thus, the offer will be limited to drinks, coffee and cold food.

 

The Constanta Casino was reopened to the public on May 21, 2025, after an extensive renovation process that lasted five years and required an investment of approximately EUR 40 million, provided through the National Investment Company.

 

JYSK Opens new Store in Ilfov County

JYSK Romania, the Scandinavian furniture and home products retailer, continues its expansion in the metropolitan area of ​​the Capital and inaugurates a new unit. The new store is JYSK Voluntari Lemon Park and is located on Popasului 110, Voluntari, Ilfov. JYSK Voluntari Lemon Park has a total area of ​​890 square meters.

 

“Two weeks ago we inaugurated a new store in Bucharest, in JYSK M Park Titan, and now we are opening another store in Voluntar. After the opening of JYSK Voluntari Lemon Park, our store network in the Bucharest area reaches 22 stores,” says Iraida Paiuc, Sales and Marketing Manager JYSK Romania and Bulgaria.

Transilvania Construcţii Reached a Turnover of EUR 20.8 million in 2025

The Transilvania Construcţii group of companies, which includes seven companies with activities of development, construction and management of industrial parks, warehouses, halls and office spaces, as well as their rental, controlled by the Timofte family from Cluj, ended 2025 with a total turnover of 20.8 million euros.

 

“In 2025, our turnover was supported by a high degree of occupancy at the portfolio level and by the expansions carried out together with existing tenants. The evolution was stable, in the context of a prudent economic environment, but with constant demand for flexible industrial and logistics spaces,” said Andrei Iancu Timofte, General Manager of Transilvania Construcţii.

 

At the portfolio level, Transilvania Construcţii reached an occupancy rate of over 95%, supported by both expansions by existing tenants and the interest of new customers.

 

Source: zf.ro

 

Cloud9 appoints Bloom AG, as general contractor for the second phase of the Cloud9 Evolution project

Cloud9, part of Alfa Group’s real estate division, announces the subcontracting of the structural works for the second phase of the Cloud9 Evolution project. These works will be carried out by Desa Engineering Construction, acting as a specialized subcontractor. The project’s general contractor is Bloom AG, a construction company specialized in large-scale residential and office projects.

 

The second phase of the Cloud9 Evolution project is part of a 3.2-hectare master plan, with a total investment of over EUR 170 million, which will deliver more than 1,140 apartments, over 1,200 parking spaces, one hectare of green areas, commercial zones, and a modern school which will be serve both the Cloud9 community and the northern area of Bucharest.

 

“Completing this contracting stage gives us clarity and control over a key phase of the project. The well-defined work structure and specialized partners allow us to keep track of the pace of execution and technical standards set for Cloud9 Evolution. Predictability and construction quality are essential for us, especially in a project focused on long-term investments.”, says Radu Grigorescu, CCO Cloud9.

Accor Opens new Mercure Hotel in the Center of Bucharest

The Accor hotel group is expanding its presence on the Romanian market by opening Mercure Bucharest Cantemir, a new hotel located in the central area of the capital, near Unirii Square. This inauguration brings the group’s local portfolio to 25 units, the investment being made by Sab Serv Expres S.R.L., a company owned by residential developer Star Priority Holding SRL.

 

The new accommodation has a capacity of 40 rooms, a dedicated room for small business meetings and Cantemir Restaurant. The interior design was provided by architect Claudia Voinea-Fântână.

 

Pavăl Brothers Exit the Logistics Market

The brothers Dragoș and Adrian Pavăl, owners of the DIY retailer Dedeman, are giving up investments in the industrial/logistics sector of the real estate market.

In this regard, the Pavăl brothers have given up the partnership concluded with entrepreneur Ionuț Dumitrescu and his company, Element Industrial, through which they aimed to develop and sell industrial-logistics parks near large cities in the country.

 

Pavăl Holding’s only remaining investment in this real estate sector is the InCity Logistic project in Bacău, built in 2025 and leased to the carriers Delamode and Pall-Ex.

 

“The decision is exclusively related to the group’s business strategy and the allocation of capital to segments that, at this moment, are considered priorities,” said Dedeman representatives.

 

Source: Profit.ro

Niro Group Prepares Land for Project near Dragonul Roșu in Bucharest

Niro Investment SA has had urban planning certificates for several plots of land in the Dragonul Roșu area of ​​the capital since December 2025 for the construction of a mixed-use complex, such as apartments, a hotel, offices, and commercial spaces, in six-story high-rise buildings. Now, Niro Group is preparing the land for the start of work on the new project.

 

The company is owned by Laurențiu-Marian Dumitru (45%), Ilie Robert Dumitru (45%), Clitemnestra Bugheanu-Gâdea (5%) and Ionel Dumitru (5%).

Niro inaugurated the Corinthia Grand Hotel du Boulevard last year. Also last year, Niro Investment Group partnered with real estate developer Hagag Development to renovate an office building in the Herăstrău area of ​​the capital.

 

Source: economica.net

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