All posts by tudor@cijeurope.com.

The volume of works increased by over 9% in the first nine months of 2025

The volume of construction works registered an increase of over 9% in the first nine months of this year compared to the same period in 2024, according to data published by the National Institute of Statistics (INS).

 

Thus, between January 1 and September 30, 2025, construction works increased by 9.3%, compared to the first nine months of the previous year, as a result of the results recorded by capital repair works (+51.8%) and new construction works (+6.2%). On the other hand, maintenance and current repair works decreased by 2.8%.

 

By construction objects, increases were recorded in residential buildings (+11.3%), engineering constructions (+9.3%) and non-residential buildings (+8.1%).

 

HILS Development has Launched the HILS Nord Project

Real estate developer HILS Development has launched the HILS Nord project, a mixed-use residential complex that will include 2,705 apartments on an area of ​​10 hectares, near Lake Şaulei, with direct access to the A3 Motorway. The total investment amounts to approximately EUR 200 million, financed from bank credit and own sources.

 

The first phase of the project, already under construction on 3.5 hectares, includes four blocks with 1,200 apartments, 1,440 parking spaces and over 11,000 square meters of green spaces. The delivery of this stage is scheduled for 2028, and the completion of the entire complex for 2032.

 

HILS Nord is the seventh project in the company’s portfolio, after the HILS Pallady, HILS Splai, HILS Brauner, HILS Republica, HILS Sunrise and HILS Titanium complexes, developed in the east of the capital.

Henkel Inaugurated its New Headquarters at Equilibrium 2

The German group Henkel, with over 500 employees on the local market, moved its headquarters in Romania to the new Equilibrium 2 office building. Henkel rented about 4,000 square meters for a new headquarters located on the 10th and 11th floors of the Equilibrium 2 building, delivered by the Swedes from Skanska in December 2022. Now, the company has inaugurated its new headquarters where all the company’s employees in Bucharest will work together, in the same workspace.

 

Henkel this summer completed the sale of its old headquarters in the Floreasca neighborhood to a premium housing developer, who wants to demolish the building and build a residential complex in its place. The building sold has an area of ​​1,800 square meters and will be demolished, in order to build a residential complex with several dozen apartments in its place.

 

Henkel owns three adhesives production units in Romania, located in Pantelimon (near Bucharest), in Câmpia Turzii (Cluj County) and Roznov (Neamț County).

 

Source: Profit.ro

Nhood Romania: The Active Entertainment Market in Shopping Malls Tripled Since 2019

Nhood  has released the first dedicated study on the active entertainment market within Romanian shopping centers: “Beyond Retail: Mapping the Growth of Active Entertainment in Romania’s Shopping Malls – The shift from pure retail to experience-driven destinations.”

Conducted across 60 shopping centers with a cumulative gross leasable area of over 2.7 million square meters, the study maps 116 distinct entertainment formats operated by 54 providers. It highlights a rapidly expanding sector marked by diversification, professionalization, and increasing sophistication. The research conceptually differentiates between active and passive forms of entertainment, aligning with industry best practices, and focuses specifically on documenting active entertainment formats and models.

“The entertainment sector within shopping malls is enjoying rapid growth, fundamentally redefining the relevance of a commercial center. However, the market lacked concrete data to guide industry players in their investment decisions or development strategies. Nhood took the initiative to conduct the first study of its kind in the market, a necessary step to professionalize the sector and facilitate the development of more competitive, well-founded projects better adapted to current trends. As the analyzed data revealed, we are no longer talking about a complementary service, but an engine of the overall experience – an essential differentiator in attracting visitors and transforming malls into leisure destinations. Nhood will continue to support the industry’s evolution through data, expertise, and initiatives that foster innovation,” stated Bogdan Aldea, Head of Business Development at Nhood Romania.

The analyzed data indicates significant growth potential for the entertainment market in the coming years, driven by a structural shift in how visitors perceive and use commercial spaces. Furthermore, the active entertainment component within shopping malls was valued at €28–30 million in 2024, excluding competitive socializing venues (bowling, billiards, table tennis, etc.), which are also growing rapidly.

According to the Nhood study, Romania is experiencing its most dynamic period in the history of its active entertainment sector, which is defined by experiences that involve visitor participation – from playgrounds and arcade games to immersive attractions and Family Entertainment Centers. The data points to a clear trend toward sophistication, modernization, and diversification as malls redefine their role from simple commercial hubs to genuine recreation and socialization destinations.

Currently, 95% of the analyzed malls integrate at least one active entertainment component, and the market is almost three times larger compared to 2019.

Yellow Tree Builds its First Shopping Center in Bucharest

The Yellow Tree real estate group launches the pre-leasing phase of the spaces for the first shopping center it is building in Bucharest.

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ARIA Shopping Center is planned to be inaugurated in the first part of next year and is located in the Valea Cascadelor area, in Sector 6. With a rentable area of ​​6,000 square meters, the center addresses brands in the fields of interior design, DIY, furniture and technical solutions.

 

The Yellow Tree Group specializes in the acquisition of non-performing assets, semi-finished real estate projects and property portfolios with financial problems, with the idea of ​​improving them through additional investments.

 

Source: Profit.ro

Weisenburger Completes Pache 71 Residential Project in Bucharest

German developer Weisenburger is nearing completion of a boutique residential project, replacing old houses in the Mătăsari area of ​​Bucharest, and is preparing two other new premium projects near the Băneasa forest.

 

The Pache 71 project, located on Pache Protopopescu Boulevard, will have 46 apartments and is being built on a plot of land of approximately 1,100 square meters, purchased by Weisenburger from Koson Property.

 

The largest residential project completed by Weisenburger so far on the Romanian market is Avalanșei8, developed in the Timpuri Noi area of ​​Bucharest.

 

“We currently have about 28,500 square meters of land in northern Bucharest in preparation, for the W.Regimentului and W.Jandarmeriei projects, which are in different stages of authorization,” said Ionel Giuglea, administrator of Weisenburger Real Estate Romania.

 

Source: Profit.ro

IGD Sold Winmarkt Oltul in Slatina for EUR 2.4 million

Immobiliare Grande Distribuzione, which owns the Winmarkt shopping center network in Romania, sold the fourth shopping center in the restructuring plan. The shopping center in Slatina is fully leased and has 22 stores. Among the tenants are Carrefour Market, B&B Collection and Kendra. The value of the transaction, brokered by CBRE, was about EUR 2.4 million.

 

With this transaction, the total value of assets in Romania sold by IGD in 2025 reaches about EUR 16.2 million.

 

The company sold three shopping centers in Romania in the first nine months of this year. These are the centers in Cluj-Napoca, Alexandria and Vaslui, for about EUR 14 million.

 

Source: economica.net

SCOR Prepares to Enter Romania, Seeks Offices for 200 Employees

French reinsurance giant SCOR is negotiating the lease of 1,500–2,000 square meters of modern offices in the capital, with the potential to accommodate approximately 200 employees. The move marks one of the most important new corporate entries on the local office market, at a time of historic lows in new office deliveries, but with increased interest in premium ESG buildings in central areas.

 

Market consultants say this is one of the most relevant new applications from a company that has just entered the local market in the last year, in a context in which new demand on the capital’s office market barely exceeds 40,000 sq m per semester – the lowest level in the last four years.

 

Source: zf.ro

Radisson Blu Cluj-Napoca Expands with a New Wing and Premium Amenities

The Radisson Blu Hotel in Cluj-Napoca, operated by Winners Park Invest and inaugurated in the summer of 2022, will open a new wing of the complex in November. The expansion, started last year. The new wing will add 20 premium rooms and suites, along with new conference rooms, a spa, a skybar, two restaurants and a garden.

 

The investment comes to complete the offer of a hotel which, before the reconversion, was the Sport Hotel, a two-star unit, later declassified. The decision to radically transform the former building into a five-star unit, instead of a three-star one, was based on the potential of the location, located in the vicinity of the main event points in Cluj-Napoca, such as the Multipurpose Hall and the stadium. The conversion process involved major challenges, requiring a complete reconfiguration of the interiors, initially very small, to meet the strict standards of the five-star classification.

Sanofi Romania is Relocating its Headquarters to Equilibrium 2

Sanofi Romania is relocating its headquarters to Equilibrium 2, developed by Skanska’s commercial development business unit in Romania. Designed with people and sustainability at its core, Equilibrium 2 offers a modern, future-ready workspace aligned with the highest ESG standards.

Part of the global healthcare group Sanofi, renowned for its expertise and leadership in pharmaceuticals, vaccines, and innovative health solutions, the Romanian affiliate will occupy the 9th floor of Equilibrium 2, starting June 2026.

“We’re delighted to welcome Sanofi Romania to the Equilibrium 2 community,” said Tamara Guleryuz, Leasing & Asset Manager, Skanska. “Companies that actively work to make society better bring an extraordinary energy to our spaces. With Sanofi joining us, we’re not just growing in numbers, but we’re growing in purpose. Their presence adds a new layer of expertise and global perspective to our community, reinforcing our vision of a workplace ecosystem where collaboration and innovation go hand in hand.”

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