Bellemonde Starts Construction Works for Bellemonde Privée

Bellemonde announces the official start of construction works for Bellemonde Privée, a new premium residential project located in the Pipera, Vasile Alecsandri area. The project represents a total investment of EUR 25 million and will add 52 villas to an already developing residential community.

 

Bellemonde Privée is developed on a 25,000 sqm plot and features a balanced mix of 16 detached houses, 24 duplex units, and 12 townhouses. The architectural and design concept is signed by Răzvan Bârsan + Partners. The lifestyle component is complemented by shared amenities dedicated to residents, including a multifunctional sports court, generous green areas, and an outdoor swimming pool.

 

The investment benefits from the support of Vista Bank, which covers approximately 65% of the total construction value through a financing partnership that provides stability and predictability throughout the implementation process.

 

„The development of this project is supported by Vista Bank as a financing partner, providing a strong financial foundation for its implementation. This partnership confirms our disciplined and responsible approach to investment. This support allows us to move forward with construction in a stable and predictable way, while staying true to the quality standards we have set. Bellemonde Privée builds on our long-term vision of premium living, and the launch of sales has already shown the market’s interest from the very early stages of development „ stated Victor Terheș, Chief Commercial Officer Bellemonde.

 

Structural works will be carried out by Confrasilvas. The execution contract has already been signed and according to the established schedule, the estimated completion timeframe for the project is 18 months from the start of construction works.

Jack &Jones Opens First Store in Romania, in Promenada Mall in Sibiu

Clothing retailer Jack &Jones will soon open its first store in Romania, in Promenada Mall in Sibiu. Currently, the company is hiring sales representatives for this location.

 

The Jack &Jones network has over 600 stores in Europe, as follows: 292 stores in Germany, 112 stores in Spain, 88 stores in France, 50 units in the Netherlands, 39 stores in Belgium, 37 stores in Denmark.

 

The Jack & Jones brand is operated by the Bestseller company, founded by the Povlsen family in Denmark in 1975. Bestseller also owns the brands Only, Only & Sons, Vero Moda, Selected, Vila, Noisy May, the children’s clothing brand Lil’Atelier and Mamalicios.

 

Source: economica.net

Global Vision to Complete Diehl Aviation’s Factory This Year

Recently, Global Vision attracted EUR 12.7 million in a development loan for the factory for German company Diehl Aviation, part of the Diehl group. Completion of construction works is planned for the middle of this year, and production is scheduled to begin shortly thereafter.

 

At launch, the new factory will have about 75 employees, and in the medium term, plans are to reach about 500 employees in Romania.

 

The Craiova factory will collaborate closely and efficiently with Diehl Aviation’s existing locations in Hungary and Germany. The production in Romania will increase operational flexibility and strengthen supply chain security in the company’s global network. The German group also has a subsidiary in Romania, Diehl Controls.

 

Source: economica.net

SPEEDWELL’s mixed-use QUEENS District Entered Development Stage  

SPEEDWELL, one of Romania’s most trusted and active real estate developers, has launched in October 2025 QUEENS District.  Currently, 40% of the available units in the first two residential buildings have already been sold or reserved.

 

Construction work began in December 2025 on the first two residential buildings, which will comprise a total of 147 apartments, and on the ultra-energy-efficient, two-winged, 22,500 sqm class A office building.

 

“QUEENS District is designed for investors who look beyond the present and stands out as one of the most reliable and profitable real estate investments of the moment, being a development that not only preserves its value, but also increases it over time, thanks to the quality of construction, strategic location, and sustainability that translates into low maintenance costs,” said Yannick Van de Parre, Country Manager SPEEDWELL.

 

100% of the ground-floor commercial spaces in Building C were sold within less than one week of the sales launch.  The office component of the project, QUEENS District Office, comprises two 7-floor buildings, with floor areas ranging from 1,150 to 3,100 square meters, and 282 parking spaces, and has already obtained BREEAM Excellent certification for the design phase, confirming SPEEDWELL’s commitment to responsible development.  QUEENS District also integrates approximately 2,500 sqm of ground-floor retail.

Cordia Acquires 8,179 sqm Land in Bucharest and Starts Construction on Centropolitan  

 

Cordia Romania, a member of the Futureal Group, announces the acquisition of an 8,179 sqm land plot in Bucharest, located in the immediate vicinity of Bucharest Mall, close to Alba Iulia Square. On this site, purchased from Bog’Art Place, for which a building permit has been issued, Cordia started construction works on Centropolitan, a premium residential project featuring 274 apartments and 3,345 sqm of integrated retail space.

 

“Romania is one of Cordia Group’s key European markets, and this acquisition represents a strategic step in consolidating our local portfolio while showcasing our long-term confidence in Bucharest’s residential sector”, said Mauricio Mesa Gomez, Chairman of the Boards Cordia Romania and Spain. “Centropolitan represents the next milestone in our long-term strategy for Romania and continues Cordia’s contribution to harmonious urban development and regeneration, in line with our group’s values of creating vibrant and sustainable communities”, Mauricio Mesa Gomez added.

 

The transaction, in which Cordia Romania was represented by the real estate consultancy company Crosspoint Real Estate, International Associate of Savills in Romania, and the law firm Stratulat Albulescu, was finalized in September 2025.

 

Centropolitan will offer a diverse range of units, from one- to five-room apartments, with surfaces ranging from 42 to 156 sq m, complemented by generous terraces. Particular attention is being paid to residents’ amenities, with approximately 350 sq m of dedicated spaces designed for a welcoming residents’ lounge, a gastro bar for social gatherings, a Kids Corner, an Arcade Room concept for teenagers, a coworking hub, as well as fitness and yoga areas.

Samus Tec Invests EUR 5.5 million in Concrete Products Factory

The company Samus Tec from Dej, Cluj County, specialized in the manufacture of concrete and prefabricated elements, owned by businessman Ioan Tecar, will invest EUR 5.5 million in a concrete products factory for construction, to be built on a 7,587 square meter plot of land in the Târgu Lăpuş Smart Specialization Park, managed by Maramureş Business Park. Once completed, the investment will lead to the creation of 44 new jobs.

 

“A new resident in the Târgu Lăpuş Smart Specialization Park. We mark the signing of the concession contract with SC Samus Tec S.A., a company that will develop a production unit for the manufacture of concrete products for construction, contributing to the consolidation of the local and regional economic sector,” according to the Maramureş Business Park announcement.

 

The park, managed by Maramureş Business Park, has an area of ​​10 hectares offering 6 lots for concession with sizes ranging from 4,000 to 7,700 square meters.

FORTIM Study: Romanian Investors Lead the Commercial Real Estate Investment Market in 2025

In 2025, the total volume of investments in commercial properties in Romania reached EUR 579.4 million, according to a study conducted by Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate. Romanian investors held the largest share of total invested capital, accounting for 34% of transaction value, EUR 193 million.

 

Second place was taken by investors from the United Kingdom, with 27% of the total and investments EUR 156 million, followed by Hungarian investors with 9%, equivalent EUR 52 million.

 

“The significant increase in the share of Romanian investors reflects the maturation of the local market and growing confidence in the long-term potential of commercial real estate assets in Romania. We see well-capitalized local investors with clear strategies and an increased appetite for diversification, covering all four real estate segments: offices, retail, industrial and hotels,” said Ștefan Oana, Head of Capital Markets at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

 

The largest transaction of 2025 was carried out by M Core, which acquired seven retail parks located in smaller cities for EUR 57 million. Second place was taken by a transaction involving Romanian capital: Alfa Group purchased part of the IRIDE office complex in the Pipera area of Bucharest for EUR 55 million. Third place was occupied by the Equilibrium transaction, acquired by Hungarian investors from Gordiusz Private Equity Fund for EUR 52 million.

 

One of the most important transactions expected in 2025 in the industrial segment—the acquisition of the P3 portfolio by CTP—did not receive approval from the Competition Council. Under these circumstances, the total investment market volume remained, at year-end, below the level recorded in 2024.

 

“In 2026, investor interest will remain high in the retail park segment, which continues to benefit from high occupancy rates, in the industrial-logistics segment, which has the greatest investment potential supported by the expansion of road infrastructure, as well as in the office segment. In this case, investors are particularly attracted by market opportunities generated by pricing levels and seller flexibility, if office assets are located in well-positioned areas,” estimates Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

Dumitru Dragomir Prepares New Residential Complex in Pipera

Businessman Dumitru Dragomir, former head of the Professional Football League, is preparing the final details to start the construction of a new residential complex, the largest real estate project developed by his family so far, in Pipera, on a plot of approximately 11,300 square meters purchased from George Becali’s eldest daughter.

 

On this plot, Dragomir will now build a residential complex consisting of three 11-story buildings with a total area of ​​approximately 36,800 square meters.

The new project will have approximately 303 apartments of 1, 2, 3 and 4 rooms, approximately 100 units per building. In the basement and partially on the ground floor, approximately 390 cars will be able to be parked.

 

Dumitru Dragomir estimates the investment in this project at approximately  EUR 30 million. Most likely, the name of the complex will also be Crystal, a brand that he has used in other residential developments in the past.

 

Source: Profit.ro

Polish Builder Dekpol Budownictwo Enters Romania

Polish builder Dekpol Budownictwo takes its first step outside Poland. The company has signed a contract for design works for a large logistics park in Bucharest, thus launching its operations on the Romanian market.

 

The first project involves a 20,000 sqm logistics park, and the contract was signed with an international developer, according to the Polish market sources.

 

“This project represents the first significant step towards launching Dekpol Budownictwo operations on the Romanian market and is in line with the company’s constantly implemented development strategy and geographical diversification,” says Piotr Skoraczewski, Chief Operating Officer and Member of the Board of Directors of Dekpol Budownictwo.

 

Source: Profit.ro

Israeli Billionaire Teddy Sagi Sells Office Building in Bucharest

Israeli billionaire Teddy Sagi is selling another office building he owns in Bucharest. The buyer is Star Residence Invest, a REIT company, with which he signed a letter of intent last summer regarding the acquisition of the building.

 

Star Residence Invest announced that it has signed the sale-purchase contract for the Polonă 68 building, owned by the Smartown group, indirectly controlled by Israeli businessman Teddy Sagi.

 

“The completion of the transaction is subject to the fulfillment of certain suspensive conditions, including obtaining the necessary approvals under applicable law, as well as the fulfillment of other customary conditions for this type of transaction,” the Star Residence Invest company announcement states.

The office building has five floors, a leasable area of ​​9,500 sqm, and the agreed purchase price is EUR 19 million.

 

Source: economica.net

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