City Grill Group Wins Tender to Operate the café in Constanta Casino 

City Grill Group, controlled by the entrepreneur Dragos Petrescu, has been appointed the winner of the tender for the operation of the commercial space in the premises of the Casino in Constanta. This strategic expansion adds a new flagship building to the group’s portfolio, strengthening its presence in locations with high historical and architectural value.

 

The auction, organized by Societatea Patrimoniu Constanța Litoral SRL, was aimed at renting a space with a useful interior area of approximately 550 square meters, located on the ground floor and basement of the Casino, plus an outdoor terrace of 324 square meters overlooking the sea.

 

The future establishment will operate under a café-bistro concept, the specifications prohibiting the thermal preparation of food on the premises; thus, the offer will be limited to drinks, coffee and cold food.

 

The Constanta Casino was reopened to the public on May 21, 2025, after an extensive renovation process that lasted five years and required an investment of approximately EUR 40 million, provided through the National Investment Company.

 

JYSK Opens new Store in Ilfov County

JYSK Romania, the Scandinavian furniture and home products retailer, continues its expansion in the metropolitan area of ​​the Capital and inaugurates a new unit. The new store is JYSK Voluntari Lemon Park and is located on Popasului 110, Voluntari, Ilfov. JYSK Voluntari Lemon Park has a total area of ​​890 square meters.

 

“Two weeks ago we inaugurated a new store in Bucharest, in JYSK M Park Titan, and now we are opening another store in Voluntar. After the opening of JYSK Voluntari Lemon Park, our store network in the Bucharest area reaches 22 stores,” says Iraida Paiuc, Sales and Marketing Manager JYSK Romania and Bulgaria.

Transilvania Construcţii Reached a Turnover of EUR 20.8 million in 2025

The Transilvania Construcţii group of companies, which includes seven companies with activities of development, construction and management of industrial parks, warehouses, halls and office spaces, as well as their rental, controlled by the Timofte family from Cluj, ended 2025 with a total turnover of 20.8 million euros.

 

“In 2025, our turnover was supported by a high degree of occupancy at the portfolio level and by the expansions carried out together with existing tenants. The evolution was stable, in the context of a prudent economic environment, but with constant demand for flexible industrial and logistics spaces,” said Andrei Iancu Timofte, General Manager of Transilvania Construcţii.

 

At the portfolio level, Transilvania Construcţii reached an occupancy rate of over 95%, supported by both expansions by existing tenants and the interest of new customers.

 

Source: zf.ro

 

Cloud9 appoints Bloom AG, as general contractor for the second phase of the Cloud9 Evolution project

Cloud9, part of Alfa Group’s real estate division, announces the subcontracting of the structural works for the second phase of the Cloud9 Evolution project. These works will be carried out by Desa Engineering Construction, acting as a specialized subcontractor. The project’s general contractor is Bloom AG, a construction company specialized in large-scale residential and office projects.

 

The second phase of the Cloud9 Evolution project is part of a 3.2-hectare master plan, with a total investment of over EUR 170 million, which will deliver more than 1,140 apartments, over 1,200 parking spaces, one hectare of green areas, commercial zones, and a modern school which will be serve both the Cloud9 community and the northern area of Bucharest.

 

“Completing this contracting stage gives us clarity and control over a key phase of the project. The well-defined work structure and specialized partners allow us to keep track of the pace of execution and technical standards set for Cloud9 Evolution. Predictability and construction quality are essential for us, especially in a project focused on long-term investments.”, says Radu Grigorescu, CCO Cloud9.

Accor Opens new Mercure Hotel in the Center of Bucharest

The Accor hotel group is expanding its presence on the Romanian market by opening Mercure Bucharest Cantemir, a new hotel located in the central area of the capital, near Unirii Square. This inauguration brings the group’s local portfolio to 25 units, the investment being made by Sab Serv Expres S.R.L., a company owned by residential developer Star Priority Holding SRL.

 

The new accommodation has a capacity of 40 rooms, a dedicated room for small business meetings and Cantemir Restaurant. The interior design was provided by architect Claudia Voinea-Fântână.

 

Pavăl Brothers Exit the Logistics Market

The brothers Dragoș and Adrian Pavăl, owners of the DIY retailer Dedeman, are giving up investments in the industrial/logistics sector of the real estate market.

In this regard, the Pavăl brothers have given up the partnership concluded with entrepreneur Ionuț Dumitrescu and his company, Element Industrial, through which they aimed to develop and sell industrial-logistics parks near large cities in the country.

 

Pavăl Holding’s only remaining investment in this real estate sector is the InCity Logistic project in Bacău, built in 2025 and leased to the carriers Delamode and Pall-Ex.

 

“The decision is exclusively related to the group’s business strategy and the allocation of capital to segments that, at this moment, are considered priorities,” said Dedeman representatives.

 

Source: Profit.ro

Niro Group Prepares Land for Project near Dragonul Roșu in Bucharest

Niro Investment SA has had urban planning certificates for several plots of land in the Dragonul Roșu area of ​​the capital since December 2025 for the construction of a mixed-use complex, such as apartments, a hotel, offices, and commercial spaces, in six-story high-rise buildings. Now, Niro Group is preparing the land for the start of work on the new project.

 

The company is owned by Laurențiu-Marian Dumitru (45%), Ilie Robert Dumitru (45%), Clitemnestra Bugheanu-Gâdea (5%) and Ionel Dumitru (5%).

Niro inaugurated the Corinthia Grand Hotel du Boulevard last year. Also last year, Niro Investment Group partnered with real estate developer Hagag Development to renovate an office building in the Herăstrău area of ​​the capital.

 

Source: economica.net

Erbaşu Constructions Invests RON 86 million in Construction Waste and Glass Recycling Plant

Erbaşu Constructions, a company owned by the Erbaşu family, is investing approximately RON 86 million in a construction waste and glass recycling plant, which will be completed this summer.

 

“As a large construction group, we inevitably generate significant volumes of waste, and the recycling plant allows us to make the transition from being a waste generator to a recycler and valorizer,” said Cristian Erbaşu, CEO of the company.

 

The recycled materials will mainly come from the group’s current activity, but the plant will also serve other contracts and partnerships concluded with construction companies in the Bucharest-Ilfov region. The completion of the recycling plant is scheduled for June 30, 2026. This is one of the largest investments made in the recycling area in Romania.

 

Source: zf.ro

One United Properties Recorded Residential Sales and Pre-sales of EUR 174 mln in 2025

Real estate developer One United Properties recorded residential sales and pre-sales of  EUR 174 million in 2025, compared to EUR 227 million in 2024, with a total area of ​​57,018 square meters of residential and commercial space transacted.

 

The results reflect the sale and pre-sale of 577 apartments and commercial units, as well as 768 parking spaces.

 

“In 2025, the residential market continued its transformation, shifting its focus from volume to quality, location and community. Transactional activity slowed down nationwide, with a sharper correction in the Bucharest metropolitan area, while VAT changes introduced mid-year amplified volatility, accelerating decisions before August and tempering demand thereafter. In this context, we focused on selling available units in developments close to completion, where visibility of execution supports both price levels and revenues,” said Victor Căpitanu, co-CEO of One United Properties.

 

Nusco has sold 30% of Phase III of Nusco City

Nusco   has sold more than 30% of the total units planned for Phase III of the Nusco City project in just two months after obtaining the construction permit.

 

In November 2025, Nusco announced the issuance of the construction permit for Phase III of the Nusco City project, a phase that continues the development of the project’s entire 23-hectare mixed-use area.

 

Phase III of Nusco City includes 836 apartments, 1,063 underground parking spaces, 1,600 sqm of retail space, and a generous inner courtyard with extensive green areas. This stage continues the development of the “tiny forest” (mini-forest) concept introduced in Phase II. As a result, Phase III of Nusco City – together with Phases I and II – brings the total green area within Nusco City to over 36,000 sqm, featuring more than 1,553 trees, 24,309 shrubs, over 3,700 perennial plants and ornamental grasses, and specially designed green areas developed with the expertise of the University of Agronomic Sciences and the Faculty of Horticulture, Department of Landscape Architecture, Biodiversity, and Ornamental Horticulture. The tiny forest concept is integrated into the entire Nusco City master plan and will be developed across all phases of the project.

 

“The third phase of our Nusco City development – already a landmark for Bucharest’s urban growth – highlights the scale of the project and marks an important milestone. This phase also includes the development of the Hyatt Hotel, the Medicana Hospital, and a private school, all planned with separate and specific documentation aligned with their operational profiles. Meanwhile, the 836 new homes are already finding the families who will complete the beautiful Nusco City community,” stated Michele Nusco, CEO of Nusco.

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