InteRo Announces Major Retailer’s Flagship at SkyLight Residence

tudor@cijeurope.com
18 November 2025
Retail

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

tudor@cijeurope.com
13 November 2025
Office

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

tudor@cijeurope.com
13 November 2025
Retail

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

tudor@cijeurope.com
13 November 2025
Retail

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

Lion’s Head Breaks Ground on its First Logistics Park in Bucharest, Popești Leordeni

Lion’s Head Investments, part of AG Capital, has officially started today the construction works for Lion’s Head Logistics Park – the company’s first logistics project in Romania. The development will span over 85 000 sqm with an investment of EUR 65 million.

The investment is supported by the International Finance Corporation (IFC), which has invested EUR 150 million to support Lion’s Head’s sustainable developments in Romania and Bulgaria.

With this development, Lion’s Head strengthens its presence in Central and Eastern Europe and takes a decisive step in building an integrated regional logistics platform, following its investment in this sector in Bulgaria.

The ceremony was attended by His Excellency Radko Vlaykov, Ambassador of Bulgaria to Romania, Cristian Nacu, Senior Country Officer at the International Finance Corporation (IFC), Iacob Petre, Mayor of Popești-Leordeni, and Raluca Florina Popescu, Chief Architect of Popești-Leordeni City Hall. They were joined by Virgil Profeanu, Founder of VEGO Construct Group, as well as representatives of the company, including Christo Iliev, Founder and Executive Chairman of AG Capital, Tanya Kosseva-Boshova, Managing Director at Lion’s Head, Alina Necula, Country Manager Lion’s Head Romania, Vladimir Gurdjieff, Managing Director Logistics at Lion’s Head, and Valentin Roșu, Construction Director, Park Lane Developments Romania.

Strategically located in Popești-Leordeni, Ilfov County, between Bucharest’s old ring road and the new A0 motorway, the project will be developed on a 15.6-hectare plot. Lion’s Head Logistics Park will offer flexible spaces between 1 500 and 40 000 sqm per unit. The project will feature 3 state-of-the-art warehouse buildings, with flexible design that complies with all international standards for technical specifications, ESG and optimized costs of operation. All buildings are to be certified EDGE Advanced.

“In today’s logistics market, success depends on truly understanding clients’ needs and delivering precisely what they require. The Lion’s Head brings both expertise and a deep insight into the way modern businesses operate, and this project stands as proof that we can build to the same high standards as any developed market. Every Lion’s Head development is created with functionality, efficiency, and people at its core — those who will work, produce, and thrive here.,” said Alina Necula, Country Manager Romania, Lion’s Head.

“Romania plays a key role in our regional expansion. It is a market of significant size, with excellent positioning between Western and Southeastern Europe, and with genuine potential to become a major logistics hub. For us, this development is not an isolated project but an integral part of a strategy that connects economies, people, and sustainable investments,” added Vladimir Gurdjieff, Group Director Logistics & Industrial Assets, Lion’s Head.

The park is designed to meet the needs of a diverse range of businesses – from light production and logistics companies to retailers and e-commerce operators – offering energy-efficient and easily adaptable spaces for each type of activity.

The new logistics park is a premiere for the Romanian market, as it is the first project developed entirely in line with the sustainability standards of the International Finance Corporation (IFC), part of the World Bank Group. For the first time in the region, Lion’s Head is implementing a Construction Environmental and Social Management Plan (C-ESMP), a comprehensive framework that ensures environmental protection, the safety of employees and the community, and the responsible management of resources and waste throughout the construction phase.

Lion’s Head Logistics Park will offer future tenants a complete infrastructure, landscaped green areas, recreation zones, pedestrian and vehicle access routes, generous parking facilities, and EV charging stations. The project integrates modern technologies, sustainable materials, and smart solutions that optimize energy use and reduce operational costs.

In 2024 Lion’s Head acquired the second largest industrial portfolio in Bulgaria for EUR 72 million.

Ambito Estimates a Turnover of EUR 10 million for 2026

tudor@cijeurope.com
11 November 2025
Other

Ambito, a company specialized in electrical installation design and construction, commercial and office space design and fit-out, and network contracting for residential buildings, closes the year 2025 with a turnover of EUR 9 million and reaches a team of 100 employees.

For 2026, the company expects revenues exceeding EUR 10 million and plans to continue its investment strategy by further developing the business line launched this year, assuming the role of general contractor for installation works in residential and non-residential buildings.

“In the current global context, the year 2026 offers few certainties, and whether we like it or not, decisions and their social implications will have a major impact. We are at a point where the structures of society are changing, both in terms of goals and the ways in which those goals are achieved. The economy is among the first segments affected by these new doctrines, as seen, for example, in the ongoing tax wars. The implementation of artificial intelligence, inflation eroding real incomes, and increasingly adopted protectionism are factors with a significant impact on the construction and real estate markets,” stated Robert Dorobanțu – Founder & CEO, Ambito.

BMF GRUP Surpasses 5,000 Employees and 15 Million sqm Under Management

tudor@cijeurope.com
11 November 2025
Other

Two years after signing the partnership with Sarmis Capital, an investment fund supported by the European Investment Bank (EIB) through the JEREMIE program, BMF GRUP has exceeded its initial objectives. In 2023, BMF GRUP started with a team of 2,000 employees, and within two years it has almost tripled this number, thanks to an organizational culture that places human resources at its core, offering continuous opportunities for professional growth and encouraging performance.

Surpassing the threshold of 5,000 employees and managing an area of over 15 million square meters confirms a sustainable scalability strategy based on human capital development and accelerated digitalization. Over the past two years, BMF GRUP has implemented intelligent management and predictive analysis platforms, increasing the speed of technological integration and operational efficiency.

“The evolution of BMF GRUP is the result of a clear vision, continuous investment in people, and applied innovation. Through these directions, we have turned performance into a working principle, not a distant goal,” stated Constantin Tomescu, President of BMF GRUP.

Cloud9 Launched Construction Work for the Second Phase of Cloud9 Evolution

Cloud9, part of the real estate division of Alfa Group, is launching the second phase of the Cloud9 Evolution project. The investment in the new development phase amounts to EUR 80 million, out of a total budget of EUR 170 million allocated to the entire project. Construction work continues to progress both for the first phase of the project, with an estimated delivery date in the next 12 months, and for the second phase, scheduled for completion in 2027.

Developed on an area of 3.2 hectares, Cloud9 Evolution will deliver a total of 1,148 apartments—studios and two-, three-, four-room units and penthouses, as well as the innovative 2.5-room layout—complemented by over 1,200 parking spaces. The second phase of the project will include 536 residential units and over 540 parking spaces.

“Cloud9 Evolution meets the principles of the 15-minute city, offering quick access to all points of interest and facilities required for a premium lifestyle. The first phase of the Cloud9 Evolution project is 50% sold, which has motivated us even more to begin development of the second phase. The vision for Cloud9 Evolution is to develop a coherent and dynamic master plan, in which residential buildings and lifestyle functions are harmoniously integrated into a unified, modern, and efficient urban ecosystem. Thus, starting in 2026, a modern educational facility will be inaugurated within the development, with the second phase bringing a series of complementary facilities, such as commercial spaces that will accommodate a cafeteria, artisan bakery, laundry, along with a fitness room, basketball court, and areas dedicated to wellness and socializing activities,” said Răzvan Brasla, CEO of Cloud9.

« Previous 1 … 45 46 47 48 49 … 137 Next »

Latest news

All posts by tudor@cijeurope.com.