Estée Lauder Romania Secures a Third Lease Extension at SkyTower

The Estée Lauder Companies has expanded its presence within SkyTower, Romania’s tallest building. The Group’s relocation to a newly fitted-out floor of the tower marks the third lease extension for the tenant at SkyTower. Estee Lauder has been a tenant in SkyTower 2017.

 

“We are delighted to expand our presence at SkyTower, a space that allows us to grow our operations and provide our employees with a modern and inspiring work environment. This extension reflects our commitment to our team and our activities in Romania.” said Adrian Simionescu, Country Manager of Estée Lauder Romania.

 

„We are very proud to continue our partnership with an internationally renowned brand like Estee Lauder and to provide a newly fitted-out office space aligned with today’s workplace design and space utilisation needs.  We are also pleased to support the organisation of their events within SkyHub and the Board Meeting area. Their continued presence at SkyTower highlights the building’s appeal and its unique positioning as a premium business hub for international companies.” said Bogdan Deju, Leasing and Asset Manager at SkyTower.

 

Inside the CIJ Awards Romania: How the Winners Are Chosen

 

Behind every CIJ Awards Romania winner is a structured voting process that combines professional judgement, industry knowledge and the evidence presented by each nominee.

 

As the CIJ Awards Romania prepares for its 19th edition on 3 December 2026 at the Radisson Blu Hotel in Bucharest, understanding how the judging works is particularly important for companies entering projects, transactions, teams and professional achievements into this year’s competition.

 

The CIJ Awards are not decided by a public popularity vote. Winners are selected through two separate groups of experienced real estate professionals: the Jury Committee and the Online Jury Voting Committee.

 

Under the CIJ Awards Romania voting structure, the Jury Committee accounts for 61% of the final result, while the Online Jury Voting Committee represents 39%. The two groups vote separately and independently, bringing together focused senior-industry assessment with a broader professional perspective from across the real estate market.

 

The Jury Committee comprises senior professionals from different areas of the European real estate industry, including representatives of investment funds, investors, developers, architects, property owners and professional service providers. The wider Online Jury Voting Committee adds another layer of market experience, with participants required to have at least five years of real estate experience and to hold top or middle-management positions within companies active in the European property market.

 

A CIJ Award is not determined simply by the size, value or public profile of a project. Jurors apply their professional knowledge and experience while also considering the information supplied through nomination forms and supporting materials.

 

Depending on the category, this can involve factors such as the quality and execution of the achievement, its scale and significance, design, value and commercial relevance, together with the companies and teams involved and the contribution the nomination has made to its particular area of the real estate market.

 

For this reason, the nomination itself plays an important role in the judging process. A strong project or achievement needs to be presented clearly enough for jurors to understand what was delivered and what distinguishes it from competing entries. Relevant facts, measurable results, important milestones and supporting information can help demonstrate the significance of a nomination.

 

A strong submission should therefore make clear what was achieved, why the achievement matters and why it deserves recognition within the particular category being entered.

 

An important aspect of the CIJ Awards judging process is that the final decision is comparative. Some categories attract several exceptionally strong candidates, with relatively little separating the leading nominations in terms of quality, execution, innovation, investment significance or market impact. Ultimately, however, only one entry can receive the award.

 

A project, company, transaction or professional achievement that does not win should therefore not automatically be interpreted as having fallen below an expected standard. Several nominations within the same category may be considered highly competitive, with relatively fine distinctions ultimately determining the final result.

 

The CIJ Awards rules also contain safeguards designed to protect the integrity of the voting process. Jury Committee and Online Jury members cannot vote in a category in which their own company or project has been nominated and must abstain where such a conflict exists.

 

Jury Committee members may discuss nominations as part of the evaluation process, but individual votes are recorded privately by secret ballot. Votes from the Jury Committee and Online Jury Voting Committee are then collected, compiled, counted and calculated by an independent audit company. Individual votes and the precise voting results remain confidential.

 

These safeguards allow jurors to exercise their professional judgement while limiting the potential influence of individual or commercial interests on the outcome.

 

The jury brings considerable professional knowledge and market experience to the process, but entrants should not assume that every juror knows every detail of a particular development, transaction, company or professional achievement. A well-prepared nomination gives jurors the information necessary to understand the achievement in context and compare it fairly with competing entries.

 

Rather than relying primarily on promotional language, a submission should clearly identify the achievement, provide relevant evidence and results, explain its significance and demonstrate its relevance to the category. The clearer and more complete the evidence presented, the better equipped jurors are to make an informed comparison between nominations.

 

Ultimately, there is no automatic formula that determines a CIJ Awards Romania winner. The process combines submitted evidence with the professional knowledge and judgement of experienced people working across the real estate industry. Those decisions are brought together through two separately and independently voting jury groups, weighted at 61% and 39%, before the final results are independently calculated.

 

Winning therefore reflects more than the underlying quality of a project, company, transaction or professional achievement. It means that, among the nominations competing in that category and based on the information available during the judging process, the entry secured the strongest combined voting result.

 

Equally, not winning does not diminish the achievement behind a strong nomination. In highly competitive categories, several candidates may be worthy of recognition, and the final result may come down to relatively small differences between them.

 

For the CIJ Awards Romania 2026, nominations remain open until 30 September 2026, with the jury and voting process taking place in November. The winners will remain confidential until they are announced at the 19th CIJ Awards Romania on 3 December 2026 at the Radisson Blu Hotel in Bucharest.

 

For nominees, the objective is therefore not simply to enter a successful project, company, transaction or professional achievement. It is to give the jury clear and relevant evidence of what was achieved, why it matters and what distinguishes the nomination from the other strong candidates competing within its category.

Cordia Romania appoints Concelex as General Contractor for Centropolitan

Cordia Romania, a member of Futureal Group, announces the appointment of Concelex  as general contractor for Centropolitan, its flagship premium residential development currently under construction in Bucharest, adjacent to Bucharest Mall and Alba Iulia Square.

 

“Centropolitan marks the beginning of a new chapter for Cordia in Romania and embodies the standards that will define all of our future investments in this market”, said Mauricio Mesa Gomez, Chairman of the Board, Cordia Romania and Spain. “As we establish a new benchmark for premium urban living in central Bucharest, partnering once again with Concelex was the natural choice. Our previous collaboration demonstrated not only exceptional execution capabilities but also a shared culture of excellence, accountability and long-term commitment to quality.”

 

“Centropolitan continues a partnership we have built with the full delivery of PARCULUI20 to the quality standards we hold ourselves to on every project. Premium residential development demands a particular discipline of execution: the rigorous coordination of dozens of specialised trades, impeccable finishes and firm deadlines. Cordia’s decision to appoint us once again as general contractor confirms the trust in our execution capabilities, and Centropolitan will reflect the same commitment to quality, precision and state of the art works,” said Cătălin Vișan, Deputy CEO, Concelex.

 

Construction works started earlier this year and were officially marked by the project’s foundation stone ceremony in June 2026. From the project’s launch,  Centropolitan registered approximately 20% sales and reservations, generating transactions exceeding EUR 13 million excluding VAT. Approximately 80% of purchasers were end-users.

 

With a total investment value of approximately EUR 65 million, the project will feature 274 premium apartments ranging from 42 to 156 square meters, complemented by 3,345 square meters of integrated retail space and approximately 350 square meters of resident-exclusive amenities. These will include coworking and networking areas, hospitality-inspired social spaces, fitness and wellness facilities, family-oriented community zones and recreational concepts designed to support a contemporary urban lifestyle.

 

The construction programme overseen by Concelex is scheduled to run over the next two years, with completion targeted for the second half of 2028.

Real Brokerage buys REMAX for USD 880 million

Real Brokerage, a North American technology-enabled real estate brokerage platform, has completed the acquisition of REMAX Holdings, the parent company of one of the world’s largest real estate franchise brands, in a transaction valued at approximately USD 880 million.

 

The result is Real REMAX Group, an entity that brings together the global REMAX franchise network, present in over 110 countries, with Real’s technology-enabled brokerage platform. The two brands will continue to operate separately, and the global REMAX franchise model remains unchanged.

 

REMAX Romania has over 65 franchises and over 750 members nationwide. In the context of this global transaction, the local network continues its activity according to existing plans and standards, the franchise model and operational structure remaining unchanged.

 

Source: Profit.ro

 

PALTIM, developed by SPEEDWELL,  Enters its final Development Stage

SPEEDWELL Development is preparing the final phase of PALTIM, its mixed-use urban regeneration project on the banks of the Bega River in Timișoara, following the approval of the revised Zonal Urban Plan (PUZ) and the issuance of the Urban Planning Certificate.

 

Investment in the new building which will complete the existing development with approximately, 108 new apartments and around 1,200 sqm of retail and service areas, totaling approximately EUR 24 million.

 

“With this final phase, we are completing the vision we established for PALTIM from the beginning: creating much more than a collection of residential buildings. Today’s buyers increasingly look at the entire environment around their home: from greenery, integrated services, and architecture to walkability and the quality of the spaces they use every day. This new building continues all these elements while adding a diverse residential offer for different lifestyles and stages of life,” said Mădălina Arsene, Sales Director, SPEEDWELL Development

 

Approximately 1,200 sqm of new retail and service space will be located at ground-floor level, with units opening both towards the surrounding streets and into PALTIM’s interior pedestrian areas.

 

“The commercial mix at PALTIM has developed around a very clear idea: bringing together functions that genuinely improve everyday life. Fitness, coffee and an increasingly strong medical and wellbeing component have already created a distinctive identity for the project. The additional 1,200 sqm gives us the opportunity to complete this ecosystem in a balanced way, with food & beverage and useful everyday services that naturally complement what is already here and make the neighborhood even more attractive for residents and the wider community” said Maria Jianu, Leasing Director at SPEEDWELL Development.

 

Corallis Apartments, Developed by KÉSZ Group, Enters the Finishing Stage

Corallis Apartments, the residential development being built by KÉSZ Group on the shore of Lake Grivita in northern Bucharest, continues to advance and has reached two major milestones: more than 110 apartments have been sold, and the project has entered the finishing stage.

 

Construction has now entered a new phase, with work under way on the buildings’ exterior enclosures and interior finishes.

 

Located in the Petrom City area, Corallis Apartments is being built on a site of approximately 15,500 sqm and comprises five low-rise buildings with a total of 221 two-, three- and four-room apartments, duplexes, garden apartments and penthouses with panoramic terraces.

 

“The fact that half of the homes are already under contract before the project has been completed confirms the appeal of a residential concept that combines a lakeside location, generous green spaces and high construction standards. Corallis responds to the demand for premium homes designed for families seeking both quick access to Bucharest’s main business districts and a peaceful, healthy living environment,” said Tatár Zsolt, Project Director at KÉSZ Properties.

Burger King opens New Restaurant in Romania, in Shopping City Deva

Quick-service restaurant chain Burger King inaugurates the 43rd unit of its network in Romania, located within the Shopping City Deva shopping center. The opening is part of a sustained expansion strategy that targets adding 12–15 new units annually, both in major urban centers and in regional communities.

 

Since entering the market in 2019, when it also opened its first Drive-Thru unit in Bucharest at Militari Fashion House, the brand has maintained a rapid pace of development.

 

The expansion is integrated into a broader regional plan executed by the Rex Concepts platform, owned by Polish investment firm McWin. The company signed agreements with Restaurant Brands International to develop the Burger King and Popeyes brands across Romania, Poland, and the Czech Republic, targeting 600 restaurants over 10 years. The growth plans are also supported by a EUR 40 million investment announced by the EBRD.

 

Frigonet Logistics Leases 3,000 sqm Space in CTPark Bucharest South

CTP has delivered almost 3,000 sqm of temperature-controlled storage space in CTPark Bucharest South to Frigonet Logistics. The logistics company has signed a long-term lease agreement and will use the new facility for refrigerated and frozen food products, in the context of expanding its operations nationwide.

 

The unit was developed in a built-to-suit regime, according to Frigonet Logistics’ operational requirements.

 

CTPark Bucharest South currently has almost 140,000 sqm of built-up space, on a total area of ​​almost 37 hectares. Following the leasing activity, just under 50,000 sqm are still available in the park. A new 54,000 sqm building was delivered at the beginning of this year.

One United Properties Abandons the Sale of One Tower

Real estate developer One United Properties has stopped the sale process of the One Tower office building on Calea Floreasca in Bucharest, after not finding a buyer willing to pay the target price.

 

“There is no sale of One Tower for now. We have not been able to find a buyer at the price we are looking for. So we have decided that it is better, for now, for the shareholders to keep this asset,” said the company’s co-founder, Victor Căpitanu.

 

Victor Căpitanu declared earlier this year that One Tower generates revenues of EUR 600,000  per month, about EUR million annually, and the internal rate of return is in double digits.

Concelex, Erbaşu Constructions and Terragaz Build the Second Largest Stadium in Romania

The new “Dan Păltinişanu” stadium in Timişoara, an investment of over EUR 100 million, will be built by the association Concelex – Erbaşu Constructions – Terragaz, the investment being financed by the Timiş County Council and the Ministry of Development, Public Works and Administration, through the National Investment Company. The old stadium has been demolished. The contract for the construction of the new stadium has been signed.

 

“The future stadium, with a surface area of ​​84,300 square meters, will have 32,000 seats (…) The arena will be approved to UEFA category 4 standards, which will allow hosting the matches of the Timisoara team, but also organizing European and international competitions,” according to the builders.

 

The new stadium will be the second largest stadium in the country, after the National Arena in the capital, which has a capacity of 57,000 seats.

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