Ion family Opens Mercure Hotel in the Center of Bucharest

The Ion family has inaugurated a new 4-star hotel in the center of Bucharest and is working on another one. The investor has signed a partnership with the French hotel group Accor since 2023, and has now inaugurated a new Mercure hotel in a renovated building on Dimitrie Cantemir Boulevard, near the center of Bucharest.

The 40-room hotel increases the number of accommodation units affiliated with the Accor network in Romania to 25.

The Ion family also has the construction of a new event hall with a total capacity of 600 people under authorization, along with a 30-room hotel on Timișoara Boulevard in Sector 6.

Last year, the Ion family inaugurated a 4-star hotel in the Bucharest neighborhood of Cotroceni, in which over EUR 6 million were invested.

Source: Profit.ro

Victoria Business Park, Close to Completion

Chinese entrepreneurs Lu Jun and Chan Edy are nearing completion of the Victoria Business Park logistics park, in the Afumați commune, which will be located right behind the Expo Market Doraly wholesaler, with direct access to the old ring road and immediate connection to the A0 highway and DN2.

The total built area is 320,000 square meters, of which 95,000 square meters are showroom-type exhibition spaces, and the difference is intended for storage and production.

Currently, the project is over 90% complete. The total investment exceeds EUR 150 million. The developer estimates that the final adjustments and elements necessary for full operation will be completed by the end of 2026.

Source: Profit.ro

Except Recorded EUR 1.2 Million Turnover in 2025

Except Custom Solutions, a general contractor specializing in interior fit-outs and turnkey projects delivered under a design & build model, recorded a EUR 1.2 million turnover in 2025, with renovation projects accounting for 70% of the total volume of works. Overall, the company delivered 35 interior fit-out projects in 2025, mobilizing teams of up to 50 specialists, depending on project scope.

By segment, 50% of the 2025 business was generated by the residential segment, 25% by hospitality, and 25% by office fit-out projects. Renovations were predominant in residential and hospitality, while office projects were largely fit-out works.

These results come amid a market context in which the volume of construction works increased by 8.7% in the first 11 months of 2025, with major repairs up 48.6% and works on new residential buildings up 11.9%, according to data recently published by Romania’s National Institute of Statistics.

“Official data confirms what we experienced in business in 2025, namely a significant increase in interest for renovation projects, both in the private residential segment and in hospitality”, said Ioan Dobre, Founder and CEO of Except. “In the segment of refurbishing older homes, whether apartments or houses, demand comes from clients who want to work with a specialized company capable of taking over the entire project, including execution and project management, as well as design and furniture production. In short, they want to deal with one professional and have a single point of accountability, not multiple separate entities”, Ioan Dobre added.

BIPA Inaugurated the First Store in Romania

tudor@cijeurope.com
29 January 2026
Retail

BIPA, the drugstore brand of the German group REWE, officially entered the Romanian market by opening its first store, located in Mega Mall Bucharest.

The first BIPA store in Romania of the Austrian brand has an area of approximately 370 square meters and is served by a team of 14 employees.

After the opening of the store in Mega Mall Bucharest, BIPA aims to continue expanding on the local market. Starting with 2026, the company plans to open between 20 and 25 stores per year, Romania becoming the third country in the brand’s international expansion strategy, after Austria and Croatia.

With 45 years of experience in drugstore retail, BIPA is today the drugstore market leader in Austria and a leading player in Croatia.

M Core Opens new Retail Park in Bucharest

tudor@cijeurope.com
29 January 2026
Retail

Square 7, part of M Core, is opening a new retail park in Bucharest. The works are in full swing, and some stores are already stocked. The retail park was built on a 3.2-hectare plot of land, acquired in April 2025, and is the group’s first project build from scratch in the capital.

M Park Titan has approximately 8,500 sqm of built space, and confirmed tenants include: Animax, BeFit Gym, Deichmann, dm drogerie markt, Dr. Max, Esenţa Plant, Flanco, JYSK, KFC, Las Vegas Games, Mesopotamia, Pepco, Sinsay, Tedi and Worldbox.

Initially, the opening was scheduled for December 2025. M Core is a group of real estate investment and management companies, which includes LCP, Sheet Anchor, Proudreed and Sheet Anchor Evolve.

Source: economica.net

Terranova Logistic Park in Northern Bucharest Has Been Sold

Terranova Logistic Park, located on the Bucharest-Târgovişte Road, in the northern area of the Capital, has been sold to a group of investors active in the local real estate market, in a transaction brokered by the real estate consultancy Cushman & Wakefield Echinox.

The logistics park was previously owned by a private group of investors, including the owners of Agora Plast, a plastics producer.

“The main advantage of the area where this project is located is its strategic positioning, with easy access to the Bucharest Ring Road. This location benefits from very good connections to both the main road transport arteries around the Capital, as well as to the motorways, which is essential for logistics and distribution activities,” says Ştefan Oprea, Consultant Land & Industrial Agency Cushman & Wakefield Echinox.

Terranova Logistic Park has two office buildings with areas of 2,000 and 1,000 square meters, and two storage halls of 7,000 and 5,000 square meters, located on a plot of 25,000 square meters. Several companies operate within the project, with an occupancy rate of over 95%.

Hesburger Invests EUR 1 mln in New Restaurant in Cosmopolis Plaza

tudor@cijeurope.com
29 January 2026
Retail

The Finnish fast-food restaurant chain Hesburger has opened a new unit within Cosmopolis Plaza, following an investment of EUR 1 million. The new restaurant occupies 223 square meters and has a total seating capacity of 62 seats, of which 30 are indoors and 32 on the terrace.

The unit joins the tenant mix at Cosmopolis Plaza, a retail park opened in 2023 by developer Opus Land Development. Covering 20,000 square meters, the shopping center brings together more than 70 retailers, including major retailers such as Carrefour, Lidl, C&A, Pepco, Sinsay, Jysk, Noriel, CCC, Spartan, Domino’s Pizza and 5 to Go. World Class also operates the largest fitness club in the north of Bucharest.

The residential development has so far attracted investments in excess of EUR 455 million and is home to a community of more than 17,000 residents. The developer estimates that by 2035, the project will integrate more than 12,000 homes and a community of about 35,000 people.

Romania’s Storage Gap Draws MetaWealth into EUR 110m grid-scale Battery Investment

MetaWealth, a European Real Assets Investment Platform, is entering the battery energy storage system (BESS) market with multiple grid-scale storage projects in Romania, as growing renewable power generation increases demand for flexible power infrastructure.

BESS has expanded rapidly across Europe, with installed capacity growing at an average annual compound growth rate of nearly 50% over the last decade and reaching more than 61 GWh by the end of 2024 and is expected to grow ten-fold by 2030.

Romania generates close to half of its electricity from renewable sources, yet it has limited operational battery storage capacity. That imbalance has increased the need for grid-scale flexibility, drawing institutional attention to energy storage as essential infrastructure rather than an emerging technology.

MetaWealth’s initial BESS EUR 22 million investment will total 130 megawatt-hours (MWh) across standalone and co-located assets. The first anchor project is a 100 MWh standalone battery system in Dumbrava, Neamț (Romania), located close to existing grid infrastructure and renewable generation capacity. In parallel, the company is developing 30 MWh of co-located storage across multiple sites connected to existing grid connections.

The first 30 MWh is targeted to become operational in Q3 2026, with the full 130 MWh commissioned by Q4 2026. MetaWealth said the projects form the foundation of a longer-term Romanian storage platform, with a further 650 MWh under development across multiple sites totalling EUR 110 million.

“Battery storage has moved from being a supporting technology to becoming essential grid infrastructure,” said Richard McLaughlin-Duane, who leads Origination and Structuring at MetaWealth. “In markets like Romania, renewable generation has scaled faster than system flexibility. That creates volatility, but also a clear investment case for storage when projects are built to institutional standards with the right locations, grid access, and execution discipline from day one.”

The First Phase of the Cloud9 Evolution Project will be Delivered in 2026

Cloud9, part of the real estate division of Alfa Group, announces the completion of the structural works for the three buildings included in the first phase of the Cloud9 Evolution project, which is already over 50% sold. Construction activities are currently focused on the installation of ventilated façades, electrical and mechanical systems, as well as on interior finishing works.

Last year, the developer completed more than 88,000 square meters in the first phase of Cloud9 Evolution and commenced works on the second phase, maintaining an execution pace aligned with the initial planning and the assumed delivery timelines.

The two phases of the project total approximately EUR 170 million in investment and will deliver over 1,140 apartments, more than 1,200 parking spaces, one hectare of green areas, and a complete range of amenities dedicated to modern urban living.

A strategic component of the project is the EUR 3 million investment in a private educational unit, scheduled to open this year. Its integration reinforces the project’s alignment with the “15-minute city” model, a concept gaining relevance in Bucharest amid growing pressure on urban mobility.

Radu Grigorescu, CCO of Cloud9, adds: “2025 was the year when the premium residential market recalibrated around new criteria: energy efficiency, proximity, community, and predictability. The Unlock study confirms what we also observe in sales dynamics: buyers are no longer looking just for an apartment, but for a place to live well, in a coherent and sustainable environment. In this context, the financial model implemented across Cloud9 projects continued to generate trust during a period marked by economic uncertainty. The low minimum down payment, the financing structure based on a balanced mix of equity and bank financing, and the use of escrow accounts for buyers’ payments have allowed project development to proceed independently of the pre-sales pace, offering a high level of investment protection for clients.”

“2026 is the moment when we consolidate everything we have built over the past few years. The market is changing, and buyers are far more attentive to quality, execution pace, and long-term value. Cloud9 Evolution is a solid project, responsibly financed and focused on amenities that truly make a difference in everyday life. The completion of the first phase and the opening of the school in 2026 will confirm the direction we have committed to: developing complete urban communities, where living is not just a product, but a predictable and sustainable life experience,” adds Răzvan Brasla, CEO of Cloud9.

IULIUS strats work at Family Market Tomești

tudor@cijeurope.com
27 January 2026
Retail

Family Market Tomești, a project developed by IULIUS Company, has obtained the building permit, marking an essential step in the development of the new convenience retail concept dedicated to the local community. The EUR 28 million investment will include a leasable area upwards of 13,000 sqm, featuring a customized mix of facilities, services and diverse brands, more than 10,000 sqm of green spaces, leisure facilities and outdoor activities, approximately 450 parking spaces, as well as new pedestrian connections and access points following investments geared towards remodeling the infrastructure in the area. The estimated completion term for this project is the last quarter of 2026.

The project will be anchored by Kaufland hypermarket, the sports area will feature a Stay Fit Gym location, and the tenant mix will be complemented by a Pepco store. Furthermore, Dr. Max will open a drugstore, Agroland will offer a diverse range of gardening and pet shop products, and Mado will open a restaurant here. The project will also integrate local entrepreneurs: Happy & Hop will launch a concept location for children, Kosarom will open a Fine Store type location, and Teo’s Café, Flower Boutique and the Atipic salon will also open locations here, alongside a Praxis medical testing laboratory and an Xpress convenience store. The list will also be complemented by other retailers and various facilities.

“Obtaining the building permit marks an important step for Family Market Tomești, which sets out to become a landmark for the eastern area of Iași City. The project will address a trade area comprising approximately 55,000 people, as estimated within a 10 minutes driving radius and including nearby towns, and it will support local economic development and create new jobs. We also believe that Family Market Tomești will become an attraction for residents from the Republic of Moldova, who frequently transit through this area when traveling to Iași. The construction works are already underway and the project is estimated to be completed in the last quarter of this year,” said Radu Pârlea, Family Market Shopping Center Manager.

« Previous 1 … 23 24 25 26 27 … 126 Next »

Latest news

All posts by tudor@cijeurope.com.