Nusco is preparing phase three of Nusco City

Nusco is beginning preparations for the third phase of Nusco City, on a 24,000 sqm plot within the 23-hectare total area of the entire development, one of the largest urban revitalization projects in Romania.

Phase III of Nusco City includes 836 apartments, 1,063 parking spaces, 16,000 square meters of commercial space, and a courtyard with extensive green areas, along with the continued development of the tiny forest concept, which began in the second phase of the complex. The tiny forest in Nusco City, currently being developed in phases II and III, covers over 20,000 square meters and features more than 1,000 trees and specially adapted green areas.

Phase III, mirroring Phase II of the Nusco City project, comprises seven buildings and has an estimated investment of over EUR 130 million. The 836 apartments include double studios, two-, three-, and four-bedroom units, as well as exclusive duplexes, while all 1,063 parking spaces are underground.

“We are now starting the third phase of our Nusco City development, for which we have received the construction site setup permit, and which we are currently preparing carefully, just as we did with the previous phases. Each phase is treated as a new project, with attention to every detail. Of course, we always start with the overall vision, ensuring each phase is seamlessly integrated into the masterplan of Nusco City, the most ambitious project our company is developing,” stated Michele Nusco, CEO of Nusco.

Ansi acquires new land on Expoziţiei Boulevard

Ansi, the Romanian-owned real estate developer, owned by Loredana and Simion Apreutese, specializing in premium residential projects, announces the acquisition of a new land located on Expoziţiei Boulevard, in Sector 1 of the Capital, from GTC.

The new premium residential project will be carried out in partnership with Repaco, a company that will own a 15% stake in the development.

“We are delighted to announce this new investment in a key area of Bucharest and, at the same time, to strengthen our partnership with Repaco. Our shared experience and complementary vision on sustainable and efficient development are assets that will help us deliver a new benchmark of modern urban living,” said Loredana Apreutese, co-owner of Ansi.

Source: Profit.ro

METRO Romania opens 3 new cash&carry stores

The German group METRO, which owns a network of 30 cash&carry stores in Romania, will open 3 more stores of this type in our country.

“In most countries, this format is dying. On the other hand, in Romania, interestingly, there is enough demand and potential for this format that we can develop it until it reaches its maximum potential. And this means that we are expanding the surfaces in the stores to create delivery areas because there is a demand for delivery, and this segment has double-digit growth. Likewise, we have a very good growth in volumes in cash&Carry stores. That is why we are investing in expanding the stores. This year we are investing in expanding the delivery area in the Ștefănești warehouse and we plan to open three new stores in the cash and carry format. In the next three years, we will have investments in expanding the stores and opening new stores”, said Karan Khurana, CEO of METRO Romania.

The company has already identified three cities for the new locations, noting that Bucharest is not among them, the market here being saturated in the cash&Carry segment.

Source: economica.net

Two companies from Ukraine and Israel are building a hotel in Otopeni

The Ukrainian company D Group, owned by Vadim and Anastasia Dashut, together with the Israeli Benish Group, owned by Meni Benish, are building a new hotel near the Henri Coanda Airport in Otopeni.

The land on which the four-star hotel is being built is located 150 meters away from the Otopeni airport and will have 270 rooms. With the start of the works, which began at the end of May, the sale of hotel rooms was also launched. The completion of the construction is expected in the summer of 2027.

The total investment in Wyndham Garden Bucharest amounts to approximately EUR 45.5 million, covering construction, interior design, technical infrastructure and operational launch.

Source: economica.net

INVL Baltic Sea Growth Fund finalizes acquisition of Romania’s Pehart Group

INVL Baltic Sea Growth Fund has completed its acquisition of Pehart Group, a Romanian producer of household and industrial paper products. The transaction was supported by a financing package exceeding EUR 150 million, provided by a consortium that includes the International Finance Corporation (IFC), Banca Transilvania, and ING Bank Romania. The financing includes components linked to sustainability objectives.
Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund, stated that the fund plans to support Pehart Group’s management with investments aimed at expanding manufacturing capacities and pursuing potential acquisitions to strengthen the company’s market position in the region.

Gabriel Stanciu, CEO of Pehart Group, said that joining forces with INVL Baltic Sea Growth Fund presents an opportunity to advance the company’s development plans and enhance its standing in the paper products industry. He noted that Pehart intends to continue investing in new technologies, diversify its product range, and expand its operations in international markets. Stanciu also expressed appreciation for the support provided by Pehart’s previous partner, Abris Capital Partners, during recent years of growth.

PRIMA Development Group starts construction works on PRIMA Solis

PRIMA Development Group has started work on its most ambitious project in Bucharest, PRIMA Solis, a residential development located in one of the best connected and most active areas of Sector 2. With 950 apartments built on a 37,000 sqm plot, over 1,000 parking spaces, 60 electric car charging stations, over 500 parking spaces and two playgrounds, the new development is the first premium residential project in the east of Bucharest built to nZEB standard. PRIMA Solis is also the first urban regeneration project to be built on the former Antrefrig industrial platform, on the site of a former furniture factory.

Located in the Mega Mall – Delfinului area, opening to Doamna Ghica Street, PRIMA Solis will be developed in four phases, totalling 9 residential buildings. The developer estimates that the first phase of the new project will be delivered in the summer of 2027. The total value of the development amounts to EUR 140 million.

“PRIMA Solis is the first high-end project in the east of Bucharest to be built to nZEB standard and we are convinced that it will attract the attention of the upper-middle segment, especially the interest of young families and professionals looking for a modern and sustainable lifestyle. PRIMA Solis is one of PRIMA Development Group’s most ambitious projects and we are concentrating in it all the experience we have gained in our two decades of activity on the property market. The complex will feature carefully compartmentalised units, with an emphasis on generous spaces, plenty of natural light, large terraces and smart home solutions”, says Adrian Stoichină, co-CEO PRIMA Development Group.

Catinvest partners with Win Advisors to manage Aparthotel Craiova

The French group Catinvest has entered into a partnership with Win Advisors, a company specialized in hotel management and consultancy. The collaboration aims to take over the operation of Aparthotel Craiova, inaugurated earlier this year within the ElectroPutere Parc complex.

The investment in the aparthotel amounts to EUR 12 million. Win Advisors will ensure the complete management of the property, this being the second hotel unit managed by the company. The aparthotel has 60 apartments.

The decision comes in a context of increasing tourism activity in Craiova. In 2024, the city registered over 166,000 visitors. Of these, about 15% were international tourists.

Leroy Merlin Opens New Store in Eastern Bucharest

Leroy Merlin will open its 24th store in Romania and its fifth in the Capital, in the Supernova Pantelimon shopping center, on a plot of land with a total area of 20,000 square meters.

The store has a built area of approximately 18,700 square meters, has 1,000 parking spaces, four charging stations for electric cars and a modern format.

“Bucharest remains a strategic point in our development, and the Pantelimon area has significant commercial potential, with an active community interested in modern and affordable products. We are happy to be able to transform this location into a functional space, open to all those who want to create a better home, with optimal products and solutions, at low prices, every day”, said Mathieu Bauduin, CEO Leroy Merlin Romania.

Dan Șucu Opens New Mobexpert Store in Eastern Bucharest

Businessman Dan Șucu has opened a new Mobexpert furniture store in eastern Bucharest, matching the size of his flagship location in the Băneasa shopping complex, which is the largest in the Mobexpert network. The new store has been built on the former Policolor industrial platform, on land previously intended for office buildings planned by investors Raul Ciurtin and the Dobra family.

Șucu acquired a 1.2-hectare plot from Raul Ciurtin and Călin and Alina Dobra, part of the larger 14-hectare site formerly occupied by the Policolor paint factory.

On this site, the entrepreneur has developed a new retail complex featuring a two-storey Mobexpert store and a partially connected Altex store with one floor, representing a new retail concept. The Mobexpert Pallady building includes a ground floor and two upper floors, with a footprint of approximately 4,000 square meters and a total area of 12,000 square meters, similar in size to the Mobexpert store in Băneasa. The project required an investment estimated at EUR 10 million.

The Altex store, part of the same development, covers 4,000 square meters and consists of a ground floor and one upper floor.

Hospital and Residential Project Planned on Former Factory Site in Bucharest

Jordanian investor Moh’D Moh’D, together with Romanian businessman Mohamed Hassanain, owner of the International Medical Center network of clinics, is moving forward with plans to build a hospital and residential building in Bucharest’s Drumul Taberei neighborhood. The project is set to rise on the site previously occupied by the Munplast plastics factory.

The investors acquired the 5,683-square-meter property at 53 1 Mai Boulevard in 2021. Following the demolition of the former factory structures, they are preparing to develop two new buildings: a medical clinic and hospital with around 60 beds, and an apartment building containing 174 units. The two buildings will share a two-level underground basement.

Moh’D Moh’D stated that both buildings would be constructed simultaneously due to certain interconnected areas within the development. He noted that construction is expected to begin later this year, pending the completion of permitting processes.

The residential building will feature a ground floor dedicated to commercial spaces and services related to the medical clinic. The project will include 225 underground parking spaces and an additional 37 spaces at ground level.