REDPORT launches Phase IV of THE LEVEL APARTMENTS

On the occasion of its 10-year anniversary, REDPORT announces the launch of Phase IV of THE LEVEL APARTMENTS residential project, that marks the completion of the development built in four phases in the Străulești – Petrom City area in northern Bucharest.

THE LEVEL APARTMENTS comprises approximately 500 units, with an estimated market value of around EUR 85 million, structured across four development stages.

The Phase IV includes 202 premium apartments, following a GDV (gross development value) exceeding EUR 43 million.

“The launch of Phase IV represents a natural step in the evolution of THE LEVEL APARTMENTS project. The first three phases have validated the demand for modern housing in the Străulești area, while this final phase completes the development of a coherent urban community, built progressively in line with market dynamics and the real needs of buyers. We are proud that this launch coincides with REDPORT’s 10-year anniversary, marking a decade since we set out to professionalize the residential segment. The success of THE LEVEL validates our phased approach to building landmark communities,” said Cosmin Savu Cristescu, CEO and Founder of REDPORT.

Reghin will host a large-scale Multifunctional Center

The municipality of Reghin is set to host a new large-scale multifunctional center, a real estate project with a height regime of 2B+GF+10 floors, located at the intersection of Unirii Boulevard and Pandurilor Street. The initiative proposes the functional conversion of a 4,010-square-meter plot of land, aiming to transform the area into a mixed-use hub of interest.

The investment belongs to the company Coreunity Holdings from Ilfov, on a site owned by Ardeale Cosmetics SRL, where a showroom, an auto service, an ITP station, and a car wash currently operate—buildings that will be completely demolished.

The project, designed by the Domus architecture office from Târgu Mureș, provides for a wide range of uses: a supermarket, commercial spaces, offices, hotel or aparthotel accommodation units, collective housing, medical clinics, and event areas.

The investment is entirely private, with the beneficiary assuming all expenses for the necessary interventions on the public domain related to the complex.

URBANO Shopping & Living will officially open its doors on May 21, 2026

URBANO Shopping & Living in Cluj will officially open its doors on May 21, 2026. The project is being developed by URBANO Group, on a 25-hectare plot of land in Florești commune.

“In recent months, our project has made significant and visible steps, both on site and in defining the mix of retailers. We have been progressing at a steady pace with the execution works and are in the final implementation stage, focusing on the last details necessary for the opening. In parallel, we have actively built a solid portfolio of brands, attracting relevant partners that complement and diversify the project’s offer. Our concept is built to offer a modern and dynamic experience that will become a reference point for the entire community in the Cluj Metropolitan Area,” says Horațiu Ilea, Director at Urbano Group.

The project includes 15,500 square meters of commercial and service spaces. The food area has attracted four reference brands: McDonald’s, Starbucks, Popeyes and Burger King.

Lidl opens its 400th store in Romania

The German retailer Lidl marks the opening of its 400th store in the local network, in the city of Voluntari, Ilfov County, a milestone in the company’s evolution on the Romanian market.

The retailer continues its expansion strategy and will inaugurate two more stores, in the municipality of Brașov and the city of Breaza, Prahova County, thus expanding the network nationwide.

For the 2026 financial year, the retailer announced a budget of over EUR 285 million for the expansion of the network, 56% higher than the previous year.

Currently, the Lidl team has over 14,000 employees.

Full List of CEE Nominees Announced for HOF Awards Gala 2026

CIJ World has officially announced the full list of nominees for the 11th edition of the HOF Awards Gala – Best of the Best Hall of Fame, set to take place on May 14 at the Radisson Blu Hotel in Bucharest. Marking the grand finale of the CIJ Awards series, the event will bring together the most accomplished projects and companies from across Central and Eastern Europe, as national winners compete for the prestigious “Best of the Best” title.

Nominees:

Best Office Development Of the Year

SK ZWIRN Office (9,609 sqm) – YIT Slovakia

PL The Bridge (47,000 sqm) – Ghelamco Poland

SL Vilharia Office (36,500 sqm) – Corwin

Best Office Buildup in Development

RO Timpuri Noi Square, Phase 2 – Vastint Romania

SK Chalupkova Offices – Penta Real Estate

PL Skyliner II (24,000 sqm) – Karimpol

Best Warehouse Development & Developer of the Year

RO CTPark Ploiesti (85,000sqm) – CTP

SK Mountpark, Bratislava (65,000 sqm)

PL Panattoni BTS Auchan (18,000 sqm)

SL LOGspot (27,820sqm) – ATRIOS

Best Warehouse Buildup in-Development

RO WDP Park Bucharest – Stefanesti – WDP (54,000 sqm)

PL Wrocław Campus 2 (102,000 sqm) – Panattoni

CZ Urbanity Campus Bruntál (55,000sqm) – Urbanity

Best Retail Development & Developer of the Year

RO H Stirbei Palace – Hagag Development Europe

SK Point Revúca (6,100 sqm) – OPC Real Estate

PL M Park Mrągowo (15,000 sqm) – LCP Poland, part of M Core

Best New Retail Lease of the Year

RO Auchan – 7,000 sqm – Sun Plaza – CPI

CZ Zara Flagship store – 10,200 sqm – Wenceslas Square – Columbia Threadneedle

PL Reserved – 2,800 sqm – Galeria Jurajska, Częstochowa

Best Local Commercial Real Estate Agency of the Year

RO Crosspoint Real Estate

SK Space Brokers

PL AXI IMMO

HU OTP Ingatlanpont

Best International Commercial Real Estate Agency of the Year

RO Cushman & Wakefield Echinox

CZ CBRE

PL Cushman & Wakefield

HU CBRE

Best Standard Residential Development of the Year

RO HILS Republica, phase I – HILS Development

SK Čerešne Residence – ITB Devdelopment

CZ Rezidence Opatov – Sekyra Group

Best Premium Residential Development of the Year

RO Amber Forest Phase 1 – Alesonor

SK Metropolis – MINT Investments

CZ Semerínka – Crestyl Real Estate

Best Residential Buildup in Development

RO AFI Home North, phase 2 – AFI Romania

SK Éclair, Bottova – IMMOCAP

Best Residential Real Estate Agency of the Year

RO North Bucharest Investments

SK HERRYS

CZ LEXXUS NORTON

PL Hamilton May Real Estate

Best Mixed-Use Buildup in-Development

RO Promenada Mall Bucharest – NEPI Rockcastle

PL Cukrownia Pruszcz Gdański – NDI Development

Best Refurbishment of the Year

RO H Stirbei Palace, Bucharest – Hagag Development Europe

CZ NR7, Prague – Crestyl real estate

CR King Cross Zagreb – SES

Best Leading Green Development & Developer of the Year

RO Timpuri Noi Square 2 – Vastint

PL The Bridge – Ghelamco Poland

CZ Urbanity Campus Bruntál – Urbanity

Best Commercial FIT-OUT (Project) of the Year

RO JW Marriott Bucharest Grand Hotel – WEMAT

PL TRIBE Kraków – Stone Designs

HU Dorothea Hotel, Budapest – Piero Lissoni

Best Investment Transaction of the Year

RO M Core – 7 retail parks – MAS P.L.C (EUR 50mil)

SK Bory Mall, Bratislava – ZFP aquire from Penta Real Estate

CZ Palladium, Prague (59,300 sqm) – REICO

PL VIBE – Ghelamco to Manova Partners

Best Asset Management Company of the Year

SK Wood & Company

PL Blue Asset

CZ Mint Investments

HU Indotek Group

Best Performing Real Estate Property Fund of the Year

SK IAD Investments

CZ MINT rezidenční fond

PL INVESTIKA Real Estate Fund

HU OTP Real Estate Fund Management

Best Real Estate Property Fund Management of the Year

SK 365.invest

CZ Accolade

PL Blue Asset

HU Adventum Group

Best Real Estate Law Firm of the Year

RO PELI Partners

SK Kinstellar

HU Schoenherr

PL Dentons

Best Tax & Financial Advisory of the Year

RO Biris Goran

SK Highgate Law & Tax

CZ TPA

PL ASB Group

Best Constructor of the Year

RO Bog’Art

PL Atlas Ward Polska

HU Strabag

CZ Metrostav

Best Project Management Company of the Year

RO Vitalis Consulting

SK ATRIOS

HU KÉSZ Holding

CZ METROPROJEKT Praha

Best Facility Management Company of the Year

RO Coral Construct

PL Sodexo

HU B+N Referencia

Best Property Management Company of the Year

RO CBRE

PL LCP Poland Property Management

HU NEO Property Services

CZ RK Reality

Best Commercial Design Space Company of the Year

RO COS

HU DVM Group

PL Workplace

SK CAPEXUS

Architectural Studio of the Year

RO DRS Architects

PL APA Wojciechowski Architects

SK City Work Architects

CZ CHYBIK + KRISTOF

Best Marketing & PR Professional of the Year

RO Andreea Dumitru – Hagag

SK Katarina Kupcova – HERRYS

PL Przemysław Wardęga – LCP

Best Property Leadership of the Year

RO Michele Nusco – Nusco

SK Karol Šebo – United Real Estate

PL Marek Dobrzycki – Panattoni

CZ Roland Hofman – URBANITY

The HOF Awards 2026 promise more than trophies. It is an elegant evening of welcome drinks, meaningful networking, fine dining and entertainment—set against the backdrop of Bucharest and dedicated to celebrating those who truly shape the built environment.

HOF Awards 2026 confirmed Partners are: North Bucharest Investments, SPEEDWELL, AFI Romania,CPI Property Group, Cloud9 Residence, WDP,VASTINT, NEPI Rockcastle, Filip & Company, Coral Construct, Bog’Art, Lion’s Head, Carbon Tool, Crosspoint Real Estate, WEMAT, DRS Architects, COS, Omifa, Miss Green.

Impact Begins Construction of the Aria Verdi Residential Project

Impact Developer & Contractor announced that construction of the Aria Verdi residential project will begin next month. The gross development value of the new residential complex in the Barbu Văcărescu area of the capital is 501 million euros.

The 865 apartments will be built over two development phases. The works for the first phase will be completed in 2029. The first phase will have 401 apartments, and the second will come with another 464 apartments. These will be located in high-rise buildings of up to 20 floors.

The developer also says that in just one month since the launch, apartments worth 9.75 million euros have been reserved.

The Impact Strategy for the period 2026-2034 aims to build around 8,000 new apartments in five residential projects in Bucharest, Iași and Constanța, with a gross development value of 1.6 billion euros.

Source: economica.net

Prime Kapital Withdraws from Cluj-Napoca Project

Developer Prime Kapital has withdrawn from the giant project it planned to build in Cluj-Napoca, on the land of the former Sanex factory. The 18-hectare land of the former Sanex factory has been fully re-acquired by the Austrian group Lasselsberger, which is preparing to resume urban planning procedures.

Prime Kapital was planning to build a giant project, worth 330 million euros, with a 130,000-square-meter shopping center, as well as 12-story apartment blocks and office buildings.

City Hall officials and those from Urban Planning expressed dissatisfaction with the way the developers understood the requirements formulated at the last meeting, as well as Prime Kapital’s new offer regarding public facilities for the city.

Source: economica.net

Radu Piţurlea is the new Chairman & CEO of Concelex

Local construction company Concelex has completed the succession process through which Radu Piţurlea becomes Chairman & CEO, taking over from founder Daniel Piţurlea.

“This transition marks a natural change of role. I will remain with the team in an advisory and mentoring position, ready to support management and contribute to maintaining the coherence and spirit that have defined our success so far. I am confident that, under Radu’s leadership, the company will continue to deliver essential projects for people and communities, building necessary and truly useful objectives in everyday life,” said Daniel Piţurlea, Founding Chairman of Concelex.

Radu Piţurlea aims to accelerate the development of Concelex, with a focus on innovation and projects that support the changes brought by emerging technologies.

JTI to sell Pipera factory site following relocation to new facility

Japan Tobacco International (JTI) is to sell the land of the factory in Pipera, along with the move of the production lines to the new factory it is building in Ștefăneștii de Jos.

“The construction will be ready next year, but it will take us about two years in total to move production to the new location. So, in 2027 and 2028, production will move gradually and we will work with both factories for a few years. We will move the production lines gradually, because it is not possible all at once. We expect that by 2029, everything will be moved from here, after which we will leave this location and sell the land,” said Antonio Vencesla, Director of Corporate Affairs & Communications JTI Romania, Moldova and Bulgaria.

The JTI factory in Bucharest operates on a land of about 23,000 square meters.

JTI announced an investment of approximately EUR 300 million for the construction of the new ultra-modern factory in Ștefăneștii de Jos (Ilfov County).

Source: Profit.ro

Tisa Group invests €6 million in four-star hotel project

Tisa Group, a tourism operator controlled by the Rebenciuc family, is finalizing an investment of approximately EUR 6 million this year in Grand Hotel Tisa, a four-star unit located in the Băile Olănești resort.

The company aims to develop a national spa hotel chain, with construction of a new hotel already planned to start in 2027 in another resort in the country.

The new Grand Hotel Tisa will feature 71 rooms and will introduce the “spa vacation” concept, which integrates spa treatment into the holiday experience. According to Ioana Gogu, General Manager of Tisa Hotels and Vice President of the Organization of Spa Tourism Employers in Romania (OPTBR), the customer profile has diversified significantly: the average age has dropped to approximately 45 years, amid interest in prevention, and the resort has evolved from a strictly medical destination into a complete tourism ecosystem.

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