All posts by tudor@cijeurope.com.

SPEEDWELL’s mixed-use QUEENS District Entered Development Stage  

SPEEDWELL, one of Romania’s most trusted and active real estate developers, has launched in October 2025 QUEENS District.  Currently, 40% of the available units in the first two residential buildings have already been sold or reserved.

 

Construction work began in December 2025 on the first two residential buildings, which will comprise a total of 147 apartments, and on the ultra-energy-efficient, two-winged, 22,500 sqm class A office building.

 

“QUEENS District is designed for investors who look beyond the present and stands out as one of the most reliable and profitable real estate investments of the moment, being a development that not only preserves its value, but also increases it over time, thanks to the quality of construction, strategic location, and sustainability that translates into low maintenance costs,” said Yannick Van de Parre, Country Manager SPEEDWELL.

 

100% of the ground-floor commercial spaces in Building C were sold within less than one week of the sales launch.  The office component of the project, QUEENS District Office, comprises two 7-floor buildings, with floor areas ranging from 1,150 to 3,100 square meters, and 282 parking spaces, and has already obtained BREEAM Excellent certification for the design phase, confirming SPEEDWELL’s commitment to responsible development.  QUEENS District also integrates approximately 2,500 sqm of ground-floor retail.

Cordia Acquires 8,179 sqm Land in Bucharest and Starts Construction on Centropolitan  

 

Cordia Romania, a member of the Futureal Group, announces the acquisition of an 8,179 sqm land plot in Bucharest, located in the immediate vicinity of Bucharest Mall, close to Alba Iulia Square. On this site, purchased from Bog’Art Place, for which a building permit has been issued, Cordia started construction works on Centropolitan, a premium residential project featuring 274 apartments and 3,345 sqm of integrated retail space.

 

“Romania is one of Cordia Group’s key European markets, and this acquisition represents a strategic step in consolidating our local portfolio while showcasing our long-term confidence in Bucharest’s residential sector”, said Mauricio Mesa Gomez, Chairman of the Boards Cordia Romania and Spain. “Centropolitan represents the next milestone in our long-term strategy for Romania and continues Cordia’s contribution to harmonious urban development and regeneration, in line with our group’s values of creating vibrant and sustainable communities”, Mauricio Mesa Gomez added.

 

The transaction, in which Cordia Romania was represented by the real estate consultancy company Crosspoint Real Estate, International Associate of Savills in Romania, and the law firm Stratulat Albulescu, was finalized in September 2025.

 

Centropolitan will offer a diverse range of units, from one- to five-room apartments, with surfaces ranging from 42 to 156 sq m, complemented by generous terraces. Particular attention is being paid to residents’ amenities, with approximately 350 sq m of dedicated spaces designed for a welcoming residents’ lounge, a gastro bar for social gatherings, a Kids Corner, an Arcade Room concept for teenagers, a coworking hub, as well as fitness and yoga areas.

Samus Tec Invests EUR 5.5 million in Concrete Products Factory

The company Samus Tec from Dej, Cluj County, specialized in the manufacture of concrete and prefabricated elements, owned by businessman Ioan Tecar, will invest EUR 5.5 million in a concrete products factory for construction, to be built on a 7,587 square meter plot of land in the Târgu Lăpuş Smart Specialization Park, managed by Maramureş Business Park. Once completed, the investment will lead to the creation of 44 new jobs.

 

“A new resident in the Târgu Lăpuş Smart Specialization Park. We mark the signing of the concession contract with SC Samus Tec S.A., a company that will develop a production unit for the manufacture of concrete products for construction, contributing to the consolidation of the local and regional economic sector,” according to the Maramureş Business Park announcement.

 

The park, managed by Maramureş Business Park, has an area of ​​10 hectares offering 6 lots for concession with sizes ranging from 4,000 to 7,700 square meters.

FORTIM Study: Romanian Investors Lead the Commercial Real Estate Investment Market in 2025

In 2025, the total volume of investments in commercial properties in Romania reached EUR 579.4 million, according to a study conducted by Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate. Romanian investors held the largest share of total invested capital, accounting for 34% of transaction value, EUR 193 million.

 

Second place was taken by investors from the United Kingdom, with 27% of the total and investments EUR 156 million, followed by Hungarian investors with 9%, equivalent EUR 52 million.

 

“The significant increase in the share of Romanian investors reflects the maturation of the local market and growing confidence in the long-term potential of commercial real estate assets in Romania. We see well-capitalized local investors with clear strategies and an increased appetite for diversification, covering all four real estate segments: offices, retail, industrial and hotels,” said Ștefan Oana, Head of Capital Markets at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

 

The largest transaction of 2025 was carried out by M Core, which acquired seven retail parks located in smaller cities for EUR 57 million. Second place was taken by a transaction involving Romanian capital: Alfa Group purchased part of the IRIDE office complex in the Pipera area of Bucharest for EUR 55 million. Third place was occupied by the Equilibrium transaction, acquired by Hungarian investors from Gordiusz Private Equity Fund for EUR 52 million.

 

One of the most important transactions expected in 2025 in the industrial segment—the acquisition of the P3 portfolio by CTP—did not receive approval from the Competition Council. Under these circumstances, the total investment market volume remained, at year-end, below the level recorded in 2024.

 

“In 2026, investor interest will remain high in the retail park segment, which continues to benefit from high occupancy rates, in the industrial-logistics segment, which has the greatest investment potential supported by the expansion of road infrastructure, as well as in the office segment. In this case, investors are particularly attracted by market opportunities generated by pricing levels and seller flexibility, if office assets are located in well-positioned areas,” estimates Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

Dumitru Dragomir Prepares New Residential Complex in Pipera

Businessman Dumitru Dragomir, former head of the Professional Football League, is preparing the final details to start the construction of a new residential complex, the largest real estate project developed by his family so far, in Pipera, on a plot of approximately 11,300 square meters purchased from George Becali’s eldest daughter.

 

On this plot, Dragomir will now build a residential complex consisting of three 11-story buildings with a total area of ​​approximately 36,800 square meters.

The new project will have approximately 303 apartments of 1, 2, 3 and 4 rooms, approximately 100 units per building. In the basement and partially on the ground floor, approximately 390 cars will be able to be parked.

 

Dumitru Dragomir estimates the investment in this project at approximately  EUR 30 million. Most likely, the name of the complex will also be Crystal, a brand that he has used in other residential developments in the past.

 

Source: Profit.ro

Polish Builder Dekpol Budownictwo Enters Romania

Polish builder Dekpol Budownictwo takes its first step outside Poland. The company has signed a contract for design works for a large logistics park in Bucharest, thus launching its operations on the Romanian market.

 

The first project involves a 20,000 sqm logistics park, and the contract was signed with an international developer, according to the Polish market sources.

 

“This project represents the first significant step towards launching Dekpol Budownictwo operations on the Romanian market and is in line with the company’s constantly implemented development strategy and geographical diversification,” says Piotr Skoraczewski, Chief Operating Officer and Member of the Board of Directors of Dekpol Budownictwo.

 

Source: Profit.ro

Israeli Billionaire Teddy Sagi Sells Office Building in Bucharest

Israeli billionaire Teddy Sagi is selling another office building he owns in Bucharest. The buyer is Star Residence Invest, a REIT company, with which he signed a letter of intent last summer regarding the acquisition of the building.

 

Star Residence Invest announced that it has signed the sale-purchase contract for the Polonă 68 building, owned by the Smartown group, indirectly controlled by Israeli businessman Teddy Sagi.

 

“The completion of the transaction is subject to the fulfillment of certain suspensive conditions, including obtaining the necessary approvals under applicable law, as well as the fulfillment of other customary conditions for this type of transaction,” the Star Residence Invest company announcement states.

The office building has five floors, a leasable area of ​​9,500 sqm, and the agreed purchase price is EUR 19 million.

 

Source: economica.net

Concelex Renovates the Crasna River promenade in Şimleu Silvaniei

Local construction company Concelex, controlled by Daniel Piţurlea, has won a contract worth approximately RON 15 million (about EUR 3 million) with the Şimleu Silvaniei city hall, Sălaj county, for the renovation of the Crasna River promenade. The investment is financed by European funds. The area to be rehabilitated is located in the central area of ​​the city of Şimleu Silvaniei and includes the Crasna River bed, currently undeveloped and partially inaccessible, as well as a series of public spaces in decline and parts of adjacent streets.

 

“The project covers an area of ​​39,000 sq m, of which at least 12,500 sqm will be rehabilitated green spaces, and Concelex will provide both design and construction services. These include pedestrian walkways, bicycle paths, recreation areas, contemporary urban furniture, LED public lighting and a video monitoring system for community safety,” the company’s press release states.

City Grill Expands Caru’ cu Bere brand in Brașov in 2026

City Grill Group  will expand the Caru’ cu Bere brand outside the Capital, the inauguration of the first restaurant in the province being scheduled for 2026, in Brașov.

 

The new restaurant will occupy the emblematic space of the former Carpathian Stag Stag, a building with historical value located in the central area of the city, in the vicinity of the Council Square. The investment project involves extensive restoration works of the building and its adaptation to the specific visual and architectural concept Caru’ cu Bere, recognized for its traditional brewery atmosphere and spectacular décor.

 

The unit will have a capacity of over 200 seats and will maintain the established gastronomic line, based on reinterpreted Romanian cuisine and traditional dishes, complemented by artistic events.

Dan Ostahie Buys 8 Stores Leased by Brico Depot

Businessman Dan Ostahie, founder of Altex, bought 8 of the 20 stores leased by Brico Depot, to protect his investments, another 10 being already owned by the DIY chain.

 

“We took over 30 Brico Depot stores, of which 10 were owned and 20 operated in rented spaces. Subsequently, we acquired the spaces for 8 of them – in Buzău, Târgoviște, Brăila, Târgu Mureș, Satu Mare, Baia Mare, Cluj and Botoșani. These acquisitions are part of our consolidation and development strategy, through which we aim to modernize the stores we have taken over to bring them to the desired standards and, at the same time, protect the investments made. Each location is analyzed individually, without there being a general rule for acquiring all spaces,” said Dan Ostahie, CEO of Altex Romania, a company that operates the Altex, Media Galaxy and Brico Depot brands.

 

Source: Profit.ro

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