All posts by tudor@cijeurope.com.

Timisoara Airport has Abandoned EUR 3 million Investment in a New Parking Lot  

The “Traian Vuia” International Airport in Timisoara has abandoned the investment project to build a new parking lot due to a lack of necessary funds. The airport approved the investment worth almost EUR 3 million almost half a year ago.

 

“The investment had two stages, the first for the construction of a new parking lot, the second stage for the rehabilitation of the existing parking lot. The total estimated amount for this project was EUR 2,997,214, including VAT. This was to be established based on a feasibility study as a result of the identified solutions,” say airport representatives.

 

However, the airport has started procedures for current repairs, which will be carried out within the limits of its existing budget.

 

Source: zf.ro

Rituals Opens New Store in Plaza Romania

Rituals Cosmetics continues its expansion on the local market by opening a new store, located on the ground floor of the Plaza Romania shopping center, Bucharest.

 

This is the brand’s second opening in Sector 6, after the store in AFI Cotroceni, launched last year, thus consolidating Rituals’ presence in one of the most dynamic commercial areas in Bucharest.

 

Founded in Amsterdam in 2000, Rituals is present in over 36 countries, with over 1,185 stores, over 4,200 stores inside other stores, 5 body spas and the first Mind Oasis in the world.

 

Hotel Central in Ploieşti Put Up for Sale

Industrial equipment manufacturer Feper, also active in the hotel sector, has put up for sale the Hotel Central complex in Ploieşti, by auction, with a minimum starting price of EUR 10 million plus VAT.

 

The assets put up for sale include several plots of land and buildings located in Ploieşti, which form the Hotel Central complex, namely three plots of land with a total area of ​​over 3,100 square meters and the hotel buildings, with a cumulative built-up area of ​​over 14,000 square meters.

 

The 4-star Central Hotel in Ploieşti is one of the city’s historic buildings, built at the end of the 19th century.

CTPark Bucharest South Expands with New 54.000 sqm Building

Developer CTP has completed a new 54,000 sqm building within CTPark Bucharest South, the industrial park in Popeşti-Leordeni, in the south of the capital. It is the fourth building within the park, and with this delivery the total leasable area reaches approximately 140,000 sq m, consolidating its position as one of the most important logistics destinations in southern Bucharest.

 

The industrial park benefits from a positioning in the vicinity of two access roads from DN4 and a direct connection to the Bucharest ring road (A0) through a road junction located less than 500 meters from the park. This location ensures efficient connectivity to Bucharest, to the main national transport corridors, but also to international routes to Bulgaria, Greece and Turkey, making it the right location for distribution, logistics and light manufacturing activities.

SVN Romania was Appointed the Exclusive Agent of Allegra Residential Project

Real estate consultant SVN Romania was appointed the exclusive agent of luxury residential project Allegra, located on Erou Iancu Nicolae Street, bordering Baneasa Forest, with the construction being set to begin next week.

 

Allegra will bring together only seven apartments in a boutique residential building structured on four levels. Each residence will have a total area of at least 150 square meters and the penthouse located on the top floor will also include a swimming pool.

 

”Newly developed luxury residential products on the Bucharest market are extremely few. A community as small as possible, the feeling of exclusivity, the concept and floor planning design, the implemented technical solutions, the materials and finishes used, all of these are key ingredients for a new luxury property. 2025 was a year with a high level of deliveries in the premium and luxury residential segment from Bucharest’s market, a level that will not be registered again in the immediate future, which will make truly exceptional properties to be increasingly rare,” stated Victor Vremera, COO SVN Romania.

 

SkyTower Bucharest Secures new Leases and Extensions Totaling over 9.000 sqm

During 2025, SkyTower has signed lease agreements and extensions covering approximately 9,000 square metres GLA, including both new tenants and expansions for existing occupants.

 

SkyTower’s newest tenants operate in various sectors, including food delivery, insurance administration, cybersecurity solutions, renewable energy (NAXXAR), online road tax services (SCALA) and diplomatic representation (Embassy of the Republic of the Philippines).

 

Several existing tenants have further consolidated their presence by extending and/or expanding their lease contracts with SkyTower Bucharest during last year: Tinmar Energy, Raiffeisen Bank Romania has secured the 31st floor of SkyTower, Bitpada Romania.

 

„ We are proud to see that SkyTower continues to attract leading tenants from diverse industries, ranging from technology and renewable energy to diplomatic institutions. These new leases and extensions reflect confidence in the quality and location of our building, as well as our ongoing commitment to delivering modern and sustainable office space.”, said Bogdan Deju, Leasing and Asset Manager of RPHI Romania, the company that owns and manages SkyTower Bucharest.

Modular Services, doubling its Office Space up to 1,300 sqm in Palas Iași

Modular Services, an outsourcing company specializing in IT, financial, and cybersecurity operations, expanded its office premises in the United Business Center 3 (UBC 3) building in Palas Iași. The international company has thus doubled its leased area, now occupying 1,300 sqm across two floors. The expansion comes as a result of Modular Services being in the process of growing its team by approximately 70 new specialists in the next 6 months.

 

“The growth of Modular Services comes from a constant commitment to quality, people, and solid partnerships with our clients. We are investing in our Romanian teams and in their development, and our office based in Palas Iași plays a major role in this regard. We want a stable, modern, and results-oriented work environment – a place where specialists can grow in the long term, together with the company,” said Ciprian Șaramet, Managing Director Modular Services.

MAS Has Put Up for Sale 6 parks on the Local Market

South African developer MAS has put up for sale all of its retail parks in Romania, except those in Bucharest and Balotești. At a value of around EUR 300 million, this could become the largest transaction ever signed in the retail sector of the local real estate market.

 

The South African investor has put up for sale its retail parks in Ploiești, Zalău, Roman, Baia Mare, Sfântu Gheorghe and Bârlad. They have a total leasable area of ​​125,500 square meters and are valued in the property’s accounting at over EUR 310 million. The shopping centers generate EUR 22.7 million annually from the rental of the spaces.

 

According to market sources, M Core would be interested in acquiring the retail parks from the MAS portfolio. MAS’ decision to sell the retail parks comes in the context of the fact that, at the beginning of 2025, MAS sold all the strip malls it owned in Romania to the British group M Core, for a price of over EUR 50 million.

 

Source: Profit.ro

 

Swiss Sika Acquires New Large Factory

Swiss construction materials manufacturer Sika is buying Turkish adhesives manufacturer Akkim, whose only factory abroad is in Romania.

 

Akkim operates two units, in Turkey and Romania, where it produces polyurethane (PU) foam, adhesives, sealants and other chemicals. Last year it had net sales of 286 million dollars. The Romanian factory, located in Ploiesti, had in 2024, the last year reported, business of RON 248.2 million and a net profit of  RON 28.4 million, with almost 200 employees.

 

Sika Romania currently has a team of over 600 employees and owns 5 industrial platforms strategically located throughout the country. In the summer, Sika announced the inauguration of a new concrete admixtures production unit, located on the industrial platform in Corlătești, Prahova County.

 

Source: Profit.ro

Prime Kapital Takes EUR 150 Million to Refinance Mall Moldova

UniCredit Bank Romania, as the transaction coordinator and in partnership with Alpha Bank Greece, has finalized the structuring of a EUR 150 million syndicated loan to refinance Mall Moldova. Owned and developed by Prime Kapital, Mall Moldova opened in April 2025 and is one of the few super-regional shopping centers in Romania.

 

Mall Moldova offers over 250 national and international brands. The total retail space is approximately 125,000 square meters. It also includes the largest cinema in the east of the country and an entertainment area of ​​over 10,000 square meters.

 

Prime Kapital has also obtained the construction permit for the first phase of its new residential project in Silk District: LOOM. This represents the fourth stage of the extensive urban regeneration project in Iași. Construction works are scheduled to begin this summer.

 

Source: Profit.ro

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