Crosspoint Real Estate strengthens Office Agency with over 6,000 Sqm leased in H1 2025

Crosspoint Real Estate, the International Associate of Savills in Romania, brokered office lease transactions totaling over 6,000 square meters in the first half of 2025. The deals were concluded with companies operating in the technology, military equipment manufacturing, construction and agricultural financing sectors. These contracts have brought the total value of the office leasing portfolio brokered by Crosspoint to over EUR 45 million.

“Our results for the first half of the year confirm Crosspoint’s strategy to strengthen its office division, and the leasing transactions we completed in the first six months of 2025 align with market trends in terms of the sectors generating the highest demand”, stated Valentin Neagu, Managing Director at Crosspoint Real Estate, a company celebrating its 20th anniversary in 2025.

Of the total area leased by Crosspoint Real Estate this year, two-thirds consist of office space in Bucharest leased by companies in tech, military equipment production, and agricultural finance – new entrants to the local market. This signals that Romania continues to be seen as a stable and attractive business environment. The remaining third refers to a transaction of over 2,000 sqm in Cluj-Napoca, where a technology company renewed its existing lease.

“In the first half of the year, we witnessed a rebound in interest from IT companies for office space. Whereas previously they were more conservative when it came to leasing larger spaces, we now see a clear trend toward expansion and development. This shift is also reflected in the increased physical presence at the office, another positive indicator that the market is regaining momentum and that confidence in economic prospects is strengthening”, said Mădălina Marinescu, Head of Office Agency at Crosspoint Real Estate.

Timisoara, the only city with growth in the office rental market in 2025

At the national level, in the five major cities with developed office markets – Bucharest, Timisoara, Cluj-Napoca, Iasi, and Brasov – the total volume of leased office space in the first six months of the year was 145,360 square meters, down by 29.2% compared to the same period in 2024.

The capital remains the most important office market in Romania, but it also recorded the sharpest decline in demand. In the first six months of 2025, 111,753 square meters of office space were leased in Bucharest, representing 76.8% of the total transactions carried out in the country’s main business hubs, according to a report by Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

“Timișoara is the only business hub where demand for office space increased in the first six months of this year compared to the same period in previous years. In the other major cities, including Bucharest, we’re seeing a decrease in leased spaces, amid political uncertainties in the first part of the year and the suspension of new office building deliveries. However, we expect leasing activity to recover in the second half of the year, with the announced deliveries of new spaces scheduled to begin at the end of 2025 and continue through 2027,” said Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

The biggest office market transaction in Romania during the first six months of the year was recorded in Bucharest, where BCR renewed its lease agreement for a space of 22,300 square meters in The Bridge building, located in the Orhideea–Grozăvești area.
In secondary cities, the most significant transaction was made by Vertiv Romania, which extended its lease for a 4,667-square-meter space in the Advancity Business Center in Cluj-Napoca.

As for new company relocations, the largest leased spaces in 2025 include 4,000 square meters occupied by Leroy Merlin in Floreasca Park in Bucharest and 3,000 square meters leased by Continental in Timișoara.
There is a noticeable gap between the areas associated with lease renegotiations and those involving new lease contracts, with renegotiations holding the upper hand—an indication that many companies prefer to consolidate their presence in existing locations given the current market context.

Lefties to open store in AFI Controceni

The space left vacant in the Bucharest shopping center AFI Cotroceni after the departure of fashion retailer C&A will be occupied by Lefties, Zara’s low-cost brand.

In October 2023, Inditex, the owner of Zara, entered Romania with the Lefties brand with the opening of the Promenada mall in Craiova. It later expanded to Suceava, Ploiești and Timișoara.

The recently closed C&A store was opened in 2009, with the brand’s entry into the local market and the launch of AFI Cotroceni, and had an area of over 3,200 square meters (ground floor and first floor).

Source: Profit.ro

Wendy’s opens third restaurant in Romania

Wendy’s opened its first and only restaurant in Prahova County, at Shopping City Ploiești.

“We are delighted to continue the development of Wendy’s in Romania together with NEPI Rockcastle. The feedback from Bucharest has been extraordinary, and by opening in Ploiești we want not only to offer good food, but also to celebrate the local culture, tastes and customs here. We want Romanians to feel at home at Wendy’s. For it to be a place where they gather, enjoy and savor the authentic taste together,” says John Chayka, CEO of JKC Capital, Wendy’s franchise partner in Romania.

The opening of the restaurant comes after the successful launch in Mega Mall Bucharest and strengthens the long-term partnership with NEPI Rockcastle, the largest owner and operator of shopping centers in Central and Eastern Europe.

Trump organization and SDC Imobiliare to develop Trump Tower Bucharest

The Trump Organization, in partnership with Romanian developer SDC Imobiliare, has announced plans to develop Trump Tower Bucharest, marking the brand’s first entry into the Romanian market.

The project will be located in central Bucharest and is set to include luxury residential units along with a range of high-end amenities. According to the companies, the development aligns with the Trump Organization’s strategy of expanding its global portfolio of residential, hotel, and golf properties.

Eric Trump, Executive Vice President of the Trump Organization, stated that the project reflects the company’s focus on quality and innovation and described the partnership with SDC Imobiliare as an important step in introducing the Trump brand to Romania.

Karpaten invests in hotel redevelopment project in Bistrița

Karpaten Turism, owned by the Mărginean family, is investing EUR 5 million to convert a historic building in Bistrița into a four-star hotel. The first phase of the project, which included the restoration of the building’s façade and renovation of ground-floor retail units, has been completed. A Karpaten travel agency is already operating on-site.

The company has obtained the necessary building permits, and further construction is underway. The hotel will feature 45 rooms and is intended to accommodate both individual travelers and international tour groups.

Founded in 1996 by Gheorghe Mărginean, Karpaten Turism is active in both outbound and inbound tourism and is among the leading agencies in Romania.

Alpha Builders Group advances Construction of OLIMP TOWER on Romanian coast

Alpha Builders Group is progressing with construction of OLIMP TOWER, a new high-rise residential development located near the shoreline in the Olimp resort on Romania’s Black Sea coast. The project is situated approximately 40 meters from the sea, adjacent to the Maramureș, Banat, and Novum by the Sea hotels.

The development consists of a 21-storey building with two basement levels and a ground floor, reaching a height of roughly 70 meters. It will offer 210 residential units along with various amenities, including a panoramic rooftop terrace, wine bar, fine dining restaurant, conference room, retail space for premium brands, a spa area with sauna, salt room and massage facilities, a semi-Olympic swimming pool, and a fitness center. Concierge services will also be available.

OLIMP TOWER is the latest coastal project by Alpha Builders Group, which has previously delivered Traian Tower and Tomis Tower I in the region.

Raben Romania expands with new warehouse at CTPark Brașov West

CTP has signed a new lease agreement with long-term client Raben Romania, which has taken 1,800 sqm at CTPark Brașov West. With this new space, Raben now operates 10 warehouses across Romania, and a total of 15,000 sqm leased in CTParks nationwide.

The new warehouse in Brașov strengthens Raben’s national logistics network and will serve as a hub for cross-docking, contract logistics, co-packing, and final-mile deliveries to retailers in the region. The facility will operate as part of a daily-connected system with other Raben sites in Sibiu, Bucharest, Roman, and Buzău.

With 261,000 sqm across six countries in CEE leased within the CTPark Network — including Poland and the Czech Republic — Raben continues to grow its footprint in Romania in partnership with CTP.

“This warehouse represents a key link in our national logistics network. We are launching a facility that not only meets today’s logistics requirements but anticipates future needs – through volume flexibility, transparency, and sustainability. Our collaboration with CTP provides certified infrastructure that enables us to deliver faster to our Transylvanian customers. Its role is essential not only within our national groupage network, but also in seamlessly connecting Brașov with countries like Poland, the Czech Republic, Germany, and broader Europe, in a predictable and efficient way” said George Clipa, Domestic Road Network Manager at Raben Logistics Romania.

“Brașov is increasingly proving itself as one of Romania’s most appealing destinations for businesses looking to optimise their supply chains or set up production facilities. The local infrastructure, access to talent, and strategic positioning make it a perfect fit – and the trust of partners like Raben confirms that. We are excited to soon add two more buildings to CTPark Brașov West, supporting even more companies in their growth journey,” said Viorela Olteanu, Business Developer at CTP Romania.

CTP is planning two new buildings totaling 10,000 sqm at CTPark Brașov West, designed to meet the needs of logistics and light industrial clients, and to be built to the highest sustainability standards.

REDPORT and DAN ȘUCU inaugurate the official VITALITY EST showroom

REDPORT announces the official inauguration of the VITALITY EST showroom. The event also marks the start of construction work on the residential project located near Pantelimon Park and Lake.

“I believe in investments that leave lasting value behind, and VITALITY EST is a project driven by responsibility and vision. Here, we’re laying the foundation of a community built on quality, functionality, and respect for the environment. This is our way of contributing concretely to transforming the city in an area that deserves more. I believe the Pantelimon area has real potential to become a benchmark in Bucharest’s residential development,” says DAN ȘUCU, founder of MOBEXPERT and shareholder in the project.

With a total investment estimated at EUR 50 million, VITALITY EST is taking shape on a 27.000 square meters plot, in one of the greenest and quietest areas in the east of the capital.

The project includes 500 modern apartments and 400 sqm of commercial spaces, designed for a balanced lifestyle connected to both nature and the city’s rhythm.

“Our developments are created with people in mind, those who choose to live here and how they will feel every day. VITALITY EST is the result of a solid strategy and a team that believes in meaningful development. Every detail reflects our commitment to those who choose us. We hope the newly inaugurated showroom is a first step into the world of the VITALITY EST project, the new residential complex developed by REDPORT near Pantelimon Park and Lake,” emphasizes COSMIN SAVU-CRISTESCU, founder and CEO of REDPORT.

The VITALITY EST showroom is only 2 km away from the real estate project and can be visited in the Esplanada Shopping Center, next to the MOBEXPERT store.

The showroom launch marks a new important milestone for VITALITY EST. The customer experience space is furnished and decorated by MOBEXPERT, in a modern, elegant, and functional style. Visitors can view the physical model of the complex, explore the project through 3D photo and video simulations, and speak with sales agents about all project details and available personalized offers.

Showroom hours are Monday through Friday from 10:00 to 18:00, and Saturday from 10:00 to 14:00. Access is easy, both by public transportation (Metro Pantelimon, STB – line 246) and by car – thanks to the quick connection to the main boulevards and the A2 and A0 highways.

VITALITY EST will be completed in three phases. The first phase, now underway, will be completed next year, in 2026. The next two phases are scheduled for delivery in 2027 and 2028, respectively.

Hotel Cișmigiu reports increased revenue and 77% occupancy rate in H1 2025

Hotel Cișmigiu, part of Hercesa Romania’s portfolio since 2004, recorded growth across all metrics in the first half of 2025. Total revenues increased by 9% compared to the same period in 2024, while occupancy reached 77%, up by 6% year-over-year. The Average Daily Rate (ADR) rose by 7% compared to the same period last year, increasing from EUR 113 in 2024 to EUR 121 in 2025, while double occupancy per room slightly grew from 1.51 to 1.60 adults.

„The recent tax changes in the hospitality sector, including the increase of VAT from 9% to 11%, will have a relatively minor impact on our operations. We do not anticipate these changes to significantly affect tourist inflow into Bucharest, and we expect to continue benefiting from the steady increase in visitor numbers observed over the past two years”, stated Mirela Cojocaru, General Manager of Hotel Cișmigiu. „The positive general perception of Romania’s economy at the European level, reinforced by these fiscal measures, will enhance confidence in the country. In this context, we expect the positive trend to continue, and I anticipate similar growth levels for the second half of 2025”, added Mirela Cojocaru.

Most tourists staying at Hotel Cișmigiu in the first half of the year came from Israel (21% of the total), followed by Romania (14%), Italy (10%), the United Kingdom (9%), Germany (6%), and the United States (5%).

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