THE IVY, developed by SPEEDWELL, Announces the Handover of the Third Building

SPEEDWELL announces the completion and handover to owners of the third building developed, commercially named C5, within THE IVY residential complex, located near the Băneasa forest. THE IVY offers a mix of facilities dedicated to everyday life, lush green spaces, pedestrian walkways, and a children’s playground.

“THE IVY has evolved beautifully and ambitiously into a mature development that fully meets the modern living requirements of a well-established community,” adds Mădălina Arsene, Sales Manager, SPEEDWELL Development.

The investment in the development of the third building was EUR 27.3 million, half of which was secured through a financing agreement with Garanti BBVA. The total budget allocated to the entire complex amounts to EUR 160 million, the project being planned to feature over 800 apartments.

Currently at the end of the handover process, the C5 building includes 128 apartments, ranging from 54 to 121.6 square meters, and 173 parking spaces.

Last September, SPEEDWELL began work on the fourth building of the project, C8, which will deliver 64 residential units, bringing the project to half of the total scheduled number of apartments. Structured on six floors, the new building also has two-, three-, and four-room apartments available, with usable areas ranging from 53 to 115.4 square meters. Construction is expected to be completed by the end of 2026, while the apartments are scheduled to be handover in the second quarter of 2027.

Pinum closes 2025 with a turnover of nearly EUR 25 million – up 20%

Pinum Doors & Windows closed 2025 with solid financial results, marking approximately 20% growth compared to the previous year and reaching a turnover of EUR 24.9 million.

“The results achieved in 2025 are the outcome of a coherent strategy and the company’s ability to turn market pressures into growth opportunities. We strengthened our relationships with partners and maintained a sustainable balance between quality and competitiveness. Reaching the threshold of nearly EUR 25 million confirms the maturity of our business model and the market’s confidence in the Pinum brand,” stated Francesco Curcio, CEO of Pinum.

2026 is centered on the inauguration of the new factory in Moara Vlăsiei – a total investment of over EUR 14 million. The project doubles the company’s production capacity and integrates sustainable solutions, including solar panels for energy supply. The factory spans 20,000 square meters on a six-hectare site.

In parallel, Pinum will open a flagship showroom in Nusco City in Pipera in 2026, covering 1,200 square meters and becoming the company’s largest display space.

The company also expects significant growth in its franchise network this year. So far, the Pinum network includes 16 franchise showrooms and three company-owned units, currently undergoing accelerated expansion. Interest in franchising is increasing in the regions of Moldova, Transylvania, and western Romania. In the coming period, the company will inaugurate two new franchised showrooms, with a target of opening six new units this year, including a key franchised showroom project in Timișoara.

The Pavăl Brothers Took Over Carrefour Romania

tudor@cijeurope.com
17 February 2026
Deals, Retail

The Carrefour Group officially announces the sale of its operations in Romania to Pavăl Holding, owned by the brothers Dragoș and Adrian Pavăl, founders of the DIY network Dedeman.

The transaction value is EUR 823 million. The French group expects to complete the sale of Carrefour Romania in the second half of 2026, after obtaining approvals from the regulatory authorities.

“We have always followed with interest the evolution of the business model developed by Carrefour. The idea of bringing together an extensive product offer in one place was an important milestone for us and inspired us in the way we developed Dedeman. At the same time, Carrefour Romania has opened important paths in the relationship with local producers, promoting the authenticity of Romanian products. It is a philosophy in which we fully identify because a healthy business only grows alongside the community that supports it,” says Dragoș Pavăl, President of Pavăl Holding and Dedeman.

Carrefour Romania operates a network of 478 stores (including 55 hypermarkets, 191 supermarkets, 202 convenience stores and 30 discount stores).

Former CEO of eMAG Hungary was Recruited by CTP Romania as COO

tudor@cijeurope.com
17 February 2026
Jobs

Cătălin Diț, former CEO of eMAG Hungary, was recruited by CTP Romania as Chief Operating Officer (COO). Cătălin Diț was CEO of eMag Hungary until the merger with the Hungarian company Extreme Digital, subsequently Chief Commercial Officer.

In Romania, CTP owns industrial and logistics parks with a total area of 2.96 million square meters, equivalent to 24% of the total volume managed by the company at European level.

The value of the properties owned by the group in Romania amounts to EUR 2.2 billion and represents 15% of the value of the entire CTP portfolio, having the second largest share after the Czech Republic.

Source: Profit.ro

NEPI Rockcastle to Build a Major Real Estate Project on the Former Industrial Platform in Galati

NEPI Rockcastle is in the process of authorizing the real estate project that will be built on the former INTFOR industrial platform in Galati, purchased four years ago.

The company plans to build a complex of collective housing, office buildings and complementary functions, including a hotel.

The land on which the blocks are to be built is 22,500 sqm, and the residential towers have 11 floors. The plan calls for the construction of three blocks, as well as a hotel and a one-story building.

The commercial park is in the authorization stage, and the contractual terms for 81% of the leasable area have already been established. It will have over 42,000 sqm and over 1,100 parking spaces.

Source: economica.net

Building Materials Distributor Temad Invests EUR 12 mln in Logistics Center

The building materials distributor Temad from Brasov, controlled by the Madar family, reached a turnover of EUR 52 million last year, up 3% compared to the previous year, and this year it estimates turnover of EUR 54 million, according to officials.

“We are seeing a relative contraction of our market (mainly the market for auxiliary construction and renovation materials) due to the slowdown in housing construction and the industrial segment, the reduction in consumption by individuals (smaller budgets for renovations and home repairs), said Florin Madar, the founder of the Brasov-based company. Furthermore, he said that there is increasing competition in the various segments in which it operates, but it is also facing rising supplier prices.

Temad’s plans for this year include an investment of EUR 12 million in a logistics center in Ghimbav, Brasov, as well as the expansion of the direct distribution network in the Moldavian area.

Sheraton Bucharest Invests EUR 6 mln to Modernize Rooms and Public Areas

The five-star Sheraton Hotel in Bucharest, operated by Grand Plaza Hotel, has started an extensive modernization of its 270 rooms and public spaces, a project involving a total investment of EUR 6 million.

Renovation work is currently being carried out on three floors, covering 50 rooms, with the aim to have the entire inventory of accommodation upgraded by next year.

Daniel Ben-Yehuda, the hotel’s general manager, said the project also includes the refurbishment of public spaces, and the area where the casino previously operated is now home to the Stay Fit Gym brand.

Management expects a slight increase in turnover for the current year, despite the investments.

REDPORT secures EUR 9 million financing from Intesa Sanpaolo Bank Romania for VITALITY EST project

tudor@cijeurope.com
12 February 2026
Finance

REDPORT announces the securing of a financing line worth EUR 9 million in partnership with Intesa Sanpaolo Bank Romania, dedicated to the development of the VITALITY EST residential project.

The financing structure includes a dedicated facility of approximately RON 5 million for VAT financing, thus ensuring a complete and predictable financial framework for the continuation of the next development phases of the project located on the shores of Lake Pantelimon, in the eastern area of Bucharest.

Developed in partnership with Dan Șucu, the project is built on a 27,000 sqm plot, and comprises 500 apartments and 400 sqm of commercial spaces. In the first phase, 145 residential units will be delivered, including studios, two-room and three-room apartments, as well as apartments with private gardens. The development will also include an integrated LIDL store, while nearby amenities include Esplanada Mall and IKEA Pallady, as well as schools and medical facilities.

“Access to financing in a selective economic climate is a real quality test for any developer. The partnership with Intesa Sanpaolo Bank Romania confirms that VITALITY EST is a well-positioned project, with solid financial parameters and genuine market demand,” said Cosmin Savu Cristescu, CEO of REDPORT.

Leventer Medical Group inaugurates Băneasa Tumor Center Hospital

Leventer Medical Group announces the official opening of the private Băneasa Tumor Center Hospital, an investment of over EUR 30 million.

After an extensive design and construction process carried out over more than four years, the hospital, located in the myhive Victoria Park building in the northern part of the capital, near the future Tokyo metro station, officially begins its activity.

The hospital spans an area of approximately 10,000 square meters, and the plans include an expansion of more than 12,000 square meters in a later development stage. It is designed as a complete medical infrastructure that integrates all stages of the caring process, from precision diagnosis to treatment and recovery.

“The presence of Băneasa Tumor Center Hospital in myhive Victoria Park honors us, especially as this is a hospital at the forefront of medicine, integrated into an emblematic building for the local market, part of the CPI Romania portfolio. The investment proposed by Assoc. Prof. Dr. Mihaela Leventer and Claudiu Opran also reflect CPI Romania’s strategic focus on a niche segment experiencing accelerated growth: the adaptation of modern office buildings to host private healthcare infrastructure. We provided Leventer Medical Group with a flexible infrastructure that allowed the organization of hospital flows and facilities in line with the highest medical standards. Thus, we have demonstrated our commitment to creating adaptable spaces designed to meet the needs and requirements of our partners.,” highlights Fulga Dinu, Country Manager, CPI Romania.

Alesonor Appoints STRABAG Romania as General Contractor for Amber Forest Suburb Phase II

Alesonor announces the appointment of STRABAG Romania as general contractor for the construction of Phase II of the Amber Forest suburb, located in Tunari, Ilfov County.

In Phase II, STRABAG Romania is building a residential area that will include 172 housing units, comprising a total of 91 villas and 81 apartments with parking and a total built-up area of more than 23,000 square meters. Site organization is scheduled to begin in February, with construction works starting immediately after. The housing types to be constructed include Urban Villa 12, Urban Villa 11, Urban Villa 10, Urban Villa 08, Urban Villa 07, Urban Villa 06, Urban Villa 03 and Urban Villa 02, as well as Symbio Villa 02 and Symbio Villa 03, designed to meet current living requirements, with a focus on functionality, efficiency and harmonious integration within the community.
Construction works will also start on the Type D apartment buildings, comprising a total of 81 apartment units across 3 separate buildings.

“Amber Forest is a complex and highly responsible development, requiring rigorous standards and careful coordination at every stage. Each phase is designed as part of a coherent whole and developed in line with the LEED v4.1 for Communities: Planning and Design – Platinum certification. Our collaboration with STRABAG Romania on part of Phase II reflects a shared commitment to construction excellence and to partnering with companies that understand the complexity of building a community, not just individual homes. As the Romanian residential market continues to mature, demand is increasingly shifting toward projects that deliver complete infrastructure, meaningful amenities, and a genuine community-centered living experience. Partnering with STRABAG, a company recognized for its expertise and quality standards, enables us to advance in a controlled and predictable manner, fully aligned with Amber Forest’s long-term vision,” said Leonidas Anastasopoulos, Co-Founder and Managing Partner of Alesonor.

“As general contractor for Amber Forest Phase II, STRABAG Romania brings structured technical coordination, rigorous planning and disciplined site execution to a development of significant scale and complexity. Our focus is on delivering the project in full alignment with its sustainability objectives, defined quality standards and agreed timeline. We value partnerships built on clarity of expectations and shared responsibility for long-term performance. Through this collaboration with Alesonor, we contribute our building construction expertise to shaping a coherent, well-planned community, conceived and delivered as an integrated living environment, with durability and functionality at its core,” said Alexandru Popescu, Technical Business Unit Manager at STRABAG Romania.

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