ENGIE Romania in talks to Lease 4,000 sqm of Office Space in Matei Millo building

ENGIE Romania, the largest natural gas distributor and supplier on the local market, is in talks to lease a space of approximately 4,000 square meters in the Matei Millo Offices office building in central Bucharest, developed by Forte Partners, where the company plans to open an IT center, according to sources in the real estate market.

If the transaction materializes, it will be one of the largest office space leases in the capital in the last year.

The space targeted by ENGIE was previously occupied by the global technology center of the American cosmetics giant Estée Lauder, which closed its Bucharest operations in November 2025.

Source: zf.ro

Yellow Tree takes over Hilton Garden Inn Airport

The Yellow Tree real estate group has officially entered the Romanian hotel market by acquiring the Hilton Garden Inn Bucharest Airport hotel from the Lithuanian operator Apex Alliance. The transaction, valued at EUR 40 mln., represents a strategic diversification for Yellow Tree, whose previous investments were focused on the office and logistics segments in Bucharest and Otopeni.

The four-star hotel, the first located in an airport in Romania, was inaugurated in August 2019 following an investment of EUR 19 mln. and has 218 rooms. The transaction was brokered by IO Partners and JLL, and Apex Alliance will ensure continuity of services by maintaining a management contract.

Yellow Tree currently holds a portfolio of 90,000 sqm valued at about 120 mln. EUR, which includes assets such as the historic Dionisie Lupu building, Olympia Tower, Nerva Traian 3 and the former headquarters of Blue Air.

Globalworth secures nearly EUR 40 million financing from Banca Transilvania for Green Court expansion

Banca Transilvania has granted Globalworth a financing of almost EUR 40 million for the development of the fourth office building within the Green Court complex in Bucharest.

The project, whose construction began in the last quarter of last year, will add 16,500 square meters of office space, distributed over three underground levels, ground floor and 11 floors, and completion is estimated for 2027, according to information provided by the bank.

Green Court includes three completed buildings (A, B and C), with a total area of over 54,300 square meters. The entire complex is financed by Banca Transilvania, the total amount being over EUR 95 million.

“The expansion of the Green Court project reflects the natural evolution of an office complex that has already consolidated itself as a landmark in the business area in the north of the capital. The financing provided by Banca Transilvania supports the creation of a high-tech, efficient and strategically located work center in Bucharest. The project is developed according to the highest standards of sustainability and operational efficiency, confirming the confidence in a complex that continues to attract companies and contribute to the evolution of the office market.” – declares Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director, Globalworth.

Popeyes Expands with Two New Restaurants, in Suceava and Cluj-Napoca

Popeyes is opening two new restaurants this month, bringing the brand’s first restaurant in Suceava and its second in Cluj-Napoca.

The Popeyes expansion is part of the company’s more ambitious plan to expand into more cities in Romania. Popeyes launched in Romania four years ago, currently having a total of 19 restaurants, including seven in Bucharest, two in Iași, two in Constanța and one each in Pitești, Craiova, Buzău, Ploiești, Brașov, Cluj-Napoca, Oradea and Sibiu.

“The opening of the first Popeyes restaurant in Suceava, but also of the second in Cluj-Napoca, is part of a broad development plan for the future of the brand in Romania, so we are focusing all our efforts on the new restaurants. We are convinced that the residents of Suceava will appreciate the unique flavors of Louisiana chicken, as has already happened in Bucharest, Pitești, Craiova, Buzău, Ploiești, Brașov, Constanța, Iași, Cluj-Napoca, Sibiu and Oradea, where we are already present,” said Jakub Aleksandrowicz, Marketing Director for Popeyes Central and Eastern Europe.

Dan Şucu Launches the Luxury Real Rstate Project Nordului 56

Dan Şucu, owner of Mobexpert, and real estate developer Marian Mihai launched the residential project Nordului 56, with 119 luxury apartments, located on Şoseaua Nordului, near Parcul Herastrău, with a total sales value of EUR 130 million.

“After two years of intensive development, during which we completed the structure and facade of the building, the launch of sales for Nordului 56 marks the project’s entry into the final stage. We chose to reach a very advanced stage of construction before opening sales, to provide buyers with certainty and to demonstrate the level of quality that we propose. We believe that Nordului 56 will become a benchmark for the premium residential segment in Bucharest,” said Dan Şucu.

The apartments have areas ranging from 100 sqm to a maximum of 450 sqm. The project also includes 355 parking spaces.

IREKS Buys 13,000 sqm Land in Chitila

The German group IREKS, an international producer of ingredients for the bakery and confectionery industry, has acquired a land of approximately 13,000 sqm in Chitila, near Bucharest, in a transaction brokered by the real estate consultancy company Cushman & Wakefield Echinox.

The investment includes the development of an administrative headquarters, a customer relations center and a logistics warehouse adapted to the company’s growth plans on the local market.

“IREKS Group, with a long and solid tradition in the field of bakery and confectionery ingredients, has decided to consolidate and expand its presence on the Romanian market by acquiring this land. The investment aims to build a modern administrative headquarters, with a customer center and a logistics warehouse, the capacity of which is specifically adapted to the growth trajectory of IREKS PAN ROMANIA. The land identified, following a thorough analysis of the available offers in the Bucharest area, fully meets the strategic requirements of the company,” says Ştefan Oprea, Consultant Land & Industrial Agency Cushman & Wakefield Echinox.

North Bucharest Investments to Market HILS Nord Residential Project

North Bucharest Investments has entered into a partnership with HILS Development to promote the HILS Nord residential project in Bucharest.

The collaboration expands North Bucharest Investments’ residential portfolio and gives buyers and investors access to one of the larger residential developments currently planned in the northern part of the Romanian capital.

According to the companies, HILS Nord is being developed on a site of approximately 10 hectares. Once all phases are completed, the project is expected to comprise around 2,705 apartments.

The first development phase is currently underway and covers about 35,219 square metres. This stage includes four residential buildings and a total of approximately 1,200 apartments.

Vlad Musteață, CEO of North Bucharest Investments, said the project aligns with current market demand for modern and energy-efficient housing in areas with long-term development potential. He added that the cooperation with HILS Development allows the company to offer clients and investors access to a project designed with a structured urban concept and contemporary construction standards.

The project is part of a broader pipeline of residential developments in the northern Bucharest area, where demand for new housing has remained relatively strong in recent years.

Source: Profit.ro

Bucharest Leads the Real Estate Market in February 2026, with the Northern Area Strengthening Its Role as an Investment Hub

Romania’s real estate market recorded 44,427 transactions in February 2026, representing an increase of 19,829 compared to January, according to data published by the National Agency for Cadastre and Real Estate Publicity (ANCPI).

The capital remains the main center of Romania’s real estate market, with 8,290 properties transacted, followed by Ilfov – 3,520 and Cluj – 2,101. In practice, the Bucharest–Ilfov region concentrates the largest share of real estate activity in the country, confirming the dominant role of the metropolitan area in the dynamics of the residential and investment markets.

Within this market, the northern area of Bucharest continues to attract the highest share of demand for new homes and investment properties, supported by the accelerated development of residential projects, proximity to business hubs, and expanding urban infrastructure.

Market data further confirms this trend: in February, North Bucharest Investments intermediated 111 real estate transactions, with a total value exceeding EUR 20,845,000, in residential projects located in the northern part of the capital.

“ANCPI data confirms what we observe in the market: Bucharest remains the main hub for real estate transactions in Romania, and the northern part of the capital continues to generate a significant share of residential activity. Demand is supported both by end buyers and investors seeking properties close to business hubs and modern infrastructure,” said Vlad Musteață, CEO of North Bucharest Investments.

At the national level, the number of mortgages reached 24,838 in February, including 3,814 in Bucharest and 2,045 in Ilfov, an indicator that reflects the sustained interest in financing real estate acquisitions, particularly in major urban centers.

According to NBI specialists, the concentration of investments in the northern part of the capital is supported by infrastructure development, proximity to business hubs, and the constant emergence of new residential projects, attracting both local buyers and investors interested in the appreciation potential of properties.

For investors, 2026 is shaping up to be a favorable entry window into Bucharest’s residential market, supported by clear structural factors: declining new supply, solid demand, and a likely easing of financing conditions.

Investor interest is increasingly focused on yield, liquidity, and asset quality, with emphasis on well-connected microlocations and technically efficient projects. Particularly in northern Bucharest, where quality supply is limited, the combination of available capital and increasingly high buyer standards creates the conditions for sustained price appreciation in a market that is entering a stage of investment maturity.

Returns for high-end investments remain among the most attractive in the region, while Bucharest continues to consolidate its position as a competitive investment hub.

Evergent Investments Enters 50% of North Lake Development’s Shareholding

The alternative investment fund Evergent Investments has taken over, through its subsidiary Ever Imo, 50% of the shares and voting rights of North Lake Development, an operation through which the group obtains indirect control over the real estate developer.

“The acquisition of the stake is part of the strategy to consolidate the private equity portfolio in the real estate sector and is part of the development plans of real estate projects that respond to the growing demand for premium residential spaces, offices and high-quality commercial facilities,” say Evergent representatives.

In 2025, the fund recorded record assets of RON 4.17 billion, up 23% over the previous year, respectively a net profit of RON 378.4 million, up 43.5%. The company has a market value of RON 2.6 billion.

TeraSteel Inaugurated New Factory in Calarasi

TeraSteel, one of the top three producers of sandwich panels – the “brick” of industrial, logistics and commercial projects – in Romania and part of the Kingspan Group, inaugurated its fourth factory – and the most modern to date. The new factory is located almost 64 kilometers from Bucharest on the highway, between Bucharest and Constanta.

The investment of over EUR 20 million – of which EUR 8 million represent state aid – was made in Lehliu-Gara, in Calarasi County.

The company plans to export mineral wool sandwich panels through the port of Constanta to Turkey, Dubai and the United Arab Emirates.

“We are one of the most important sandwich panel manufacturers in Romania. We are top three. But we are very active in northern Romania. We were covering the south with the factory in Serbia. But we reached maximum capacity with the two factories for about 3 years,” says Cosmin Pătroiu, CEO, TeraSteel.

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