Beyond Space Launches  “The state of flex office in Romania 2025” study 

The flexible workspace strategy and consulting firm, Beyond Space, founded by Tudor Popp, launches “The State of Flex Office in Romania 2025” — the first study to classify how we understand, design, and measure coworking and flexible workspaces. The report offers the most detailed overview to date of Romania’s coworking and flexible office market, benchmarking it against major European hubs and highlighting emerging trends that are shaping the future of work.

 

Co-created with European coworking experts Pauline Roussel and Dimitar Inchev (TwoFifty Consulting), the study blends architectural insight, market analytics, and cultural research, decoding how workspaces are evolving from “offices” into experience platforms. Moreover, the study analyzes the evolution, maturity, and potential of Romania’s flex office sector — from Bucharest’s premium hubs to the fast-developing ecosystems in Cluj-Napoca, Timișoara, and Iași.

 

“We wanted to build a framework that helps companies, developers, and investors understand not just how much flex exists — but what kind of experience it delivers. This study is more than data; it defines a new language for the workplace. The next office revolution will be emotional, not just spatial,” says Tudor Popp, Founder of Beyond Space.

 

The 2025 report marks only the first phase of Beyond Space’s ongoing research program. In 2026, Phase 2 will extend the analysis with operator and user surveys, financial performance metrics, and cost–benefit benchmarks.

HAGAG Europe Development  Enters the Energy Sector

HAGAG Europe Development  diversifies its operations in Romania and enters the energy sector through the acquisition of BTD Distribuție și Furnizare, a Romanian company specializing in infrastructure development, distribution, and supply of natural gas.

 

Moreover, the investor has opened a new local division to operate under the sub-brand Hagag Energy, and plans to invest over EUR 400 million on the energy market, for the further expansion of its presence in the sector, over the upcoming years.

 

“Over the past eight years, our real estate developments have redefined Bucharest’s urban landscape. Today, we are expanding our vision beyond buildings, taking a first step towards the evolution of the group here in Romania. We continue to be a trusted real estate developer, while also striving to establish ourselves as a strategic player in the energy sector, all guided by the core values that define us — long-term vision, innovation, reliability, quality, and the unwavering commitment to deliver positive social and economic impact. The distribution and supply of natural gas is, for us, just the starting line, as our global vision is to expand our company’s presence across more than one segment of the energy industry, in line with our approach in the real estate sector.”, said Yitzhak Hagag, Cofounder and Chairman of the Board of Directors of Hagag Europe Development.

North Bucharest Investments Drives +30% Sales Growth at BHB Avenue

North Bucharest Investments announces a 30% increase in sales for the premium residential development BHB Avenue, recorded just three weeks after the Grand Opening House event.

 

During this period, one of the project’s most notable transactions was also finalized: the sale of a penthouse valued at over EUR 1.2 million, located on the 7th floor, featuring 208 sqm of interior space, a spectacular 122 sqm terrace, and three parking spaces.

 

“The surge in sales within just a few weeks clearly demonstrates that the high-end market has matured. Buyers are far better informed, they know exactly what matters, and they invest in projects that offer not only space, but also services, design, and long-term value. BHB Avenue delivers on all these fronts — and the results are immediate,” stated Andreea Nicolae, representative of North Bucharest Investments.

 

BHB Avenue offers a rare set of amenities on the Romanian market: a 7-meter-high lobby with concierge service, an 18-meter indoor pool, a state-of-the-art fitness center, a 240 sqm urban garden, and premium finishes throughout.

ROCA Industry Reports Consolidated EBITDA of RON 42.1 mln

ROCA Industry, the industrial holding specialized in the production of construction materials, reports a consolidated turnover of 493.8 million RON for the first nine months of 2025. A 4.5% increase compared to the same period in 2024 is recorded, marking a return to the decreases in the first part of the year.

 

Consolidated EBITDA reached RON 42.1 million (8.5% margin) in 9M 2025, below RON 56.4 million (11.9% margin) in 9M 2024, but above the 7.5% margin in H1 2025. Excluding holding company costs, consolidated EBITDA was RON 48.7 million (compared to RON 61.8 million to 9M 2024), Q3 2025 marking a comeback, with a consolidated EBITDA of RON 21.6 million, marginally exceeding the level of Q3 2024.

 

“I am returning to the position of CEO of ROCA Industry at a key moment for the evolution of the holding, the transition from expansion to consolidation. In less than four years we have reached a turnover of EUR 130 million, with 12 factories in three countries and have formed regional leaders in their sectors of activity. The figures clearly show that the foundation is solid and the investments made in recent years are beginning to prove their potential. 2025 is a year of adjustment, but also learning — a necessary foundation for a new stage of healthy growth.” , declares Ionuț Bindea, CEO of ROCA Industry.

 

InteRo Announces Major Retailer’s Flagship at SkyLight Residence

InteRo Property Development  announces that it signed a sale contract with a major retailer for 10,418 sqm of land at SkyLight Residence. The new supermarket is set to be the retailer’s largest store in Romania, spanning over 3,265 sqm. Construction is scheduled to start in approximately three months, with a grand opening targeted for Q4 2026.

 

“This partnership is great news for Obor and for Bucharest. The opening of a major retailer flagship store at SkyLight Residence is a strong vote of confidence in our masterplan and in the district’s future. Obor has long been recognized as one of Bucharest’s most active, historic commercial zones, centred around Piața Obor. The new store will complement a growing new community at SkyLight Residence and in the wider neighbourhood, bringing more comfort, jobs, and everyday value for residents and visitors”, stated Michael Topolinski III, founder and CEO of InteRo Property Development.

 

SkyLight Residence, a EUR 1 bln development (GDV), is a mixed-use development with over 2,200 apartments, offices, supermarket, schools and generous green spaces, including a large Central Park and several private parks. The total built area is approximately 486,000 sqm, of which 370,000 sqm will include residential units and 115,000 sqm offices. Aimed at the premium market, the project developed by InteRo will also include over 4,000 parking spaces and an 8,540 sqm commercial area. The Topolinski family is donating 16,000 sqm of roads to support the road infrastructure for the development and neighbourhood.

Expur Moves its Office to Business Garden Bucharest

Vastint Romania, part of the VASTINT Group, has concluded a new lease agreement in Building A of 940 sqm with Expur, one of the largest players in the oil and related products market, who is relocating its headquarters to Business Garden Bucharest.

 

“Our move to the new office location in Business Garden Bucharest represents a significant milestone for Expur. It is a key step that provides us with a more modern, efficient space aligned with how we want to work and collaborate. We are confident that this environment will fuel our ambitions, accelerate innovation, and strengthen our culture of responsibility and high performance.”, said Nikolay Belchev, CEO Expur.

 

Business Garden Bucharest, located in the Orhideea-Grozavesti area of ​​Bucharest, has a rentable area of ​​43,000 sqm and tenants such as Sparkware Technologies, Sanamed, Regina Maria, Ikea, Schindler, Tchibo, Vel Pitar, Rail Cargo, Saint Roastery, Pandora. The Center-West area is the largest office hub in the Capital, with a total stock of ​​approximately 629,000 sqm.

 

Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance, provided real estate brokerage services for the transaction.

 

“Expur decided to modernize its office space and relocate to a building that better reflects its current values – sustainability, efficiency, and employee wellbeing. The Fortim team accompanied the company throughout the entire process, providing strategic advisory and tailored real estate solutions. We are pleased to have contributed to a relocation that supports Expur’s long-term growth,” said Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

 

“We are pleased to welcome Expur as the newest member of our business community. Their decision to relocate to our premises reflects our ongoing commitment to providing modern, efficient, and sustainable workspace solutions that support the growth of forward-thinking companies. Business Garden Bucharest continues to prove that green credentials and a campus mindset drive strong occupancy. Ultimately, a balanced tenant mix is one of the most powerful tools to shape the atmosphere, reputation, and enduring appeal of our developments. It’s what turns buildings into communities — and communities into places people are proud to be part of.”, declared Sorin Macoveiu, Commercial Director of Vastint Romania.

Famos Sells Factory, Offices and Mall in Odorheiu Secuiesc

Furniture manufacturer Famos, one of the oldest in Romania, will stop its activity. The company has decided to sell all the real estate it owns, which include the industrial platform, an office building and the Orion mall in Odorheiu Secuiesc.

 

The company’s shareholders have decided to sell all the real estate in Odorheiu Secuiesc for a total price of EUR 6.8 million. Thus, the industrial platform and the halls on it are put up for sale at a minimum price of EUR 2.9 million. The Orion shopping center, also known as Shanghai Mall, is put on the market at a minimum price of EUR 3 million. Next to Orion, Famos has an office building, where it also has its registered office, which was put up for sale for EUR 1.1 million.

 

Source: Profit.ro

Andrei Mandachi Invests EUR 2 million in the Modernization of Bucovina Mall

The Andrewman company, controlled by the entrepreneur Andrei Mandachi, has started the modernization project of Bucovina Mall in Suceava, an investment estimated at EUR 2 million.

 

The modernization works will generate approximately 150 permanent jobs, and the mall will be transformed into an ultra-modern urban shopping center, while preserving the architectural value and historical identity of the building. At the same time, Andrei Mandachi has already initiated discussions regarding attracting several renowned brands, both international and national, to Bucovina Mall, from fields such as fashion, gastronomy, beauty and lifestyle.

 

“The reason for the investment in the modernization of Bucovina Mall is closely linked to the promise we made to the community of Suceava since the moment of the acquisition, at the end of 2022, when we declared that we would not treat this acquisition as a simple real estate transaction, but as an urban regeneration mission. Bucovina Mall has the potential to once again become one of the main vectors of economic growth in Suceava,” said Andrei Mandachi.

 

Source: Profit.ro

ELI Parks has Started Work on ELI Park 5 Bucharest

ELI Parks has started work on ELI Park 5 Bucharest and signs the first pre-lease contract with the Romanian manufacturer ELMET Group for 4,565 sqm of production and storage space

 

Located in the north-west area of ​​the Capital, the new industrial park continues the expansion of the ELI Park Bucharest complex.

 

“We are pleased to welcome the company ELMET GROUP METAL & ELECTRIC as the first tenant of the ELI Park 5 Bucharest project. This moment confirms the strong market interest for our newest development,” said ELI Parks representatives.

 

The ELI Park 5 Bucharest project will be developed in two phases, totaling 35,000 sqm of class A industrial space – 19,000 sqm in Phase 1 and 16,000 sqm in Phase 2 – with an estimated completion date of May 2026.

Shopper Park Plus Plans to Expand in Romania

Shopper Park Plus, a Hungarian logistics park developer and part of the Advent group, has announced its entry into the Polish market and is considering expanding in Romania.

 

SPP aims to develop three retail parks and acquire a strip mall in Romania. The three retail parks have a total leasable area of ​​around 37,000 sqm, anchored by top food retailers, which would be developed by Shopper Park Plus in partnership with a local developer. The Hungarians would finance these projects for which there are rental agreements, as well as obtained authorizations.

 

In parallel, SPP is pursuing the acquisition of a strip mall anchored by major international retailers, including a food hypermarket. This separate project has an estimated yield of 9%, for an acquisition value of around EUR 12 million.

 

Source: economica.net

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