All posts by tudor@cijeurope.com.

Concelex Renovates the Crasna River promenade in Şimleu Silvaniei

Local construction company Concelex, controlled by Daniel Piţurlea, has won a contract worth approximately RON 15 million (about EUR 3 million) with the Şimleu Silvaniei city hall, Sălaj county, for the renovation of the Crasna River promenade. The investment is financed by European funds. The area to be rehabilitated is located in the central area of ​​the city of Şimleu Silvaniei and includes the Crasna River bed, currently undeveloped and partially inaccessible, as well as a series of public spaces in decline and parts of adjacent streets.

 

“The project covers an area of ​​39,000 sq m, of which at least 12,500 sqm will be rehabilitated green spaces, and Concelex will provide both design and construction services. These include pedestrian walkways, bicycle paths, recreation areas, contemporary urban furniture, LED public lighting and a video monitoring system for community safety,” the company’s press release states.

City Grill Expands Caru’ cu Bere brand in Brașov in 2026

City Grill Group  will expand the Caru’ cu Bere brand outside the Capital, the inauguration of the first restaurant in the province being scheduled for 2026, in Brașov.

 

The new restaurant will occupy the emblematic space of the former Carpathian Stag Stag, a building with historical value located in the central area of the city, in the vicinity of the Council Square. The investment project involves extensive restoration works of the building and its adaptation to the specific visual and architectural concept Caru’ cu Bere, recognized for its traditional brewery atmosphere and spectacular décor.

 

The unit will have a capacity of over 200 seats and will maintain the established gastronomic line, based on reinterpreted Romanian cuisine and traditional dishes, complemented by artistic events.

Dan Ostahie Buys 8 Stores Leased by Brico Depot

Businessman Dan Ostahie, founder of Altex, bought 8 of the 20 stores leased by Brico Depot, to protect his investments, another 10 being already owned by the DIY chain.

 

“We took over 30 Brico Depot stores, of which 10 were owned and 20 operated in rented spaces. Subsequently, we acquired the spaces for 8 of them – in Buzău, Târgoviște, Brăila, Târgu Mureș, Satu Mare, Baia Mare, Cluj and Botoșani. These acquisitions are part of our consolidation and development strategy, through which we aim to modernize the stores we have taken over to bring them to the desired standards and, at the same time, protect the investments made. Each location is analyzed individually, without there being a general rule for acquiring all spaces,” said Dan Ostahie, CEO of Altex Romania, a company that operates the Altex, Media Galaxy and Brico Depot brands.

 

Source: Profit.ro

PORR Rehabilitates Traian Square in Timişoara for RON 109.5 million 

The Austrian construction company PORR, in association with Electroechipament Industial from Caraş-Severin, owned by several local entrepreneurs, won a contract worth RON 109.5 million (approximately EUR 21.5 million), excluding VAT, with the Timişoara city hall, which provides for the execution of works for the urban regeneration of the Traian Square area.

 

The works will be carried out within 24 months. The total value of the investment is EUR 34 million, and the Timişoara city hall has attracted non-reimbursable European financing worth over EUR 14 million.

 

“The regeneration of Traian Square is a complex project, with major underground works, on tram lines, on roads and sidewalks, on green spaces, but these will be scheduled in stages, so that the impact on residents and businesses in the neighborhood is as low as possible,” the Timisoara City Hall announced.

 

George Peltecu and Park Properties Develop a 22-Villa Project in Snagov

Entrepreneur George Peltecu is investing in a residential project for the first time. He has partnered with developer Park Properties for the construction of 22 villas in Snagov.

 

George Peltecu and Park Properties are preparing to start construction of SunLake Snagov Signature Collection, a project with 22 villas on the shores of Lake Snagov and a multifunctional building with commercial spaces on the ground floor. The villas will be built on a 15,000 sqm plot purchased in 2024 and which has easy access from DN1 and the A3 highway. The building permits were obtained in the second half of last year, and construction works will begin in the spring of this year.

 

“I joined the SunLake Snagov project because it represents an investment with real potential to set new standards in the premium residential market,” says George Peltecu, co-investor in the project.

 

Upon completion, the project will have a market value of over EUR 10 million.

 

Source: economica.net

Cordia Acquires Land in Pipera for its Biggest Romania Project

Real estate developer Cordia has signed a promise to buy a plot of land located in the American School area of ​​Pipera, on which it will build the company’s largest project in Romania to date. This acquisition will allow the development of a multi-stage project with approximately 900 residential units.

 

The sale-purchase contact has a final signing deadline of May. The property borders the New Point residential complex, developed by Shikun & Binui. Dan Șucu and Gabriel Popoviciu are also developing residential projects in the same area, and the Pavăl brothers from Dedeman have a large area of ​​land here.

 

At the moment, the Hungarian developer has 1,487 apartments in preparation and, in the process of acquiring, land for another 1,178 apartments. “We have started preparing two new projects in Bucharest, one of which is planned to be launched in the second half of the year,” announced Tibor Földi, chairman of the board of directors of Cordia.

 

Source: Profit.ro

One United Properties brings hotel brands Mondrian and The Hoxton to Bucharest

Real estate developer One United Properties expands its operations in the premium hospitality segment by bringing two international hotel brands, Mondrian and The Hoxton, to Bucharest.

 

The Mondrian project in Bucharest will focus on high-quality design, which is integrated into the local specificity and the community. His vision of contemporary luxury emphasizes the need to offer a distinct experience and emotions, not just high-priced products or services.

 

In addition to the Mondrian project, One United Properties also announced the development of a hotel under The Hoxton brand. It will be located on Academiei Street, in the vicinity of the Faculty of Architecture in Bucharest.

Ecovillas Launches new Exclusive Real Estate Project in Mogoșoaia

Real estate developer Ecovillas Company is launching a new exclusive residential project, called Nouvert, in Mogoșoaia, which is expected to be delivered by the end of 2027. Nouvert is being developed near the Motoc forest, on a 10,000 sqm plot, and is an exclusive project that will include only 16 individual villas, with prices starting at EUR 500,000 + VAT.

 

The developer is trying to attract future residents with direct views of the forest, and the project will include pedestrian alleys, relaxation areas, green spaces and water features. “We noticed a clear need to create a concept that prioritizes the health of residents and the impact on the environment. Nouvert is built exactly in this sense: a quiet environment, clean air and technology that works in favor of indoor comfort,” said Veaceslav Vlas, CEO of Ecovillas Company.

 

Ecovillas Company has been active in the residential market for over 12 years and recently completed the sale of the Epique Home (Pipera) and Ecovillas Otopeni projects.

The Number of Building Permits Increased by 4.4% in the First 11 Months of 2025

In the first 11 months of last year, the authorities issued 4.4% more building permits for residential buildings compared to the same period in 2024, and in November 2025, 10.3% fewer than in October 2025, according to data from the National Institute of Statistics (INS).

 

Thus, in 11 months of 2025, 34,602 building permits for residential buildings were issued. Increases were recorded in all development regions: Center (+287 authorizations), West (+263), North-West (+219), North-East (+198), Bucharest-Ilfov (+152), South-West Oltenia (+145), South-Muntenia (+104) and South-East (+78).

 

In November 2025, 2,924 building permits for residential buildings were issued, down 10.3% compared to October 2025 and up 7.1% compared to November 2024.

Cosmin Olăroiu Partners with Hagag to Develop H East Residence

Cosmin Olăroiu, one of the highest-rated Romanian football coaches, has taken over half of an investment company founded by Hagag Development Europe, following a capital increase in which he participated with the lands of the former Izolatorul factory, in the Bucharest neighborhood of Obor, on which H East Residence is being built, which have a cumulative area of ​​almost 9,400 square meters.

 

Olăroiu and Hagag have signed a partnership through which they will jointly develop the H East Residence residential complex, consisting of 7 buildings with 568 apartments and 824 parking spaces, plus a retail area of ​​approximately 5,000 square meters.

 

The investors are now working on the first stage of development of H East Residence, which includes the construction of 4 blocks with 273 apartments, an investment estimated at EUR 43 million. The structure of the blocks is already erected. Hagag anticipates the total cost of developing the entire residential complex at approximately EUR 84.5 million.

 

Source: Profit.ro

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