All posts by tudor@cijeurope.com.

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

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

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.

JW Marriott Bucharest Invests EUR 4 Million to Modernize Bucharest Hotel

The JW Marriott Bucharest Grand Hotel  has completed a modernization project worth about EUR 4 million, marking the 25th anniversary of its opening.

 

The renovation project at the JW Marriott covered a total area of about 4,600 square meters and took three months. The work covered conference and event areas, adjacent lobby spaces, the new Vienna Lounge and The Grand Avenue shopping gallery.

 

The hotel, controlled by Austria’s Strabag Group, reported revenues for 2024 of RON 191 million, equivalent to about EUR 37.58 million, up 9% from the previous year.

 

In parallel, the Marriott International group has announced its expansion plans in Romania, which see the addition of five new properties and more than 550 rooms by the end of 2028.

 

CTP no Longer Buying P3

The deal by which CTP was to take over the entire activity of competitor P3 has fallen through, according to market sources. The value of the transaction would have been EUR 250 million.

 

The developer CTP had planned to buy the assets of competitor P3 in Romania, which owns a logistics park near Bucharest, with a leasable area of ​​380,000 sqm arranged in several buildings. This is the only park built by P3 locally and is owned by the sovereign wealth fund GIC.

 

“CTP maintained its 2025 forecast for EPRA adjusted earnings per share between 0.86 euros and 0.88 euros, but now expects to reach the lower end of this range after a planned acquisition in Romania did not materialize,” the financial report for the first three quarters shows.

 

Company officials say about the failed transaction that there were two restrictive conditions and that they decided not to proceed with the transaction.

 

Source: economica.net

Vasile Armenean and Remus Aurel Bența Start Residential Project in Bucharest

Entrepreneur Vasile Armenean, founder of Betty Ice, in partnership with Remus Aurel Bența, owner of the manufacturer of finishing materials for constructions Daw Bența, are preparing the last details of their first project developed on the premium residential market of Bucharest.

 

The two investors want to build on a land area of ​​about 14,000 square meters, located on the Străulești entrance, no. 37A, a number of 426 apartments arranged in four building blocks of 9 floors each, each with 3 basements in which 613 parking spaces will be arranged.

 

The estimated value of the basic investment is about EUR 30 million. “We estimate the start of works in the spring of 2026. We are now working on the authorization,” said Vasile Armenean.

 

Source: Profit.ro

Globalworth Appoints 2 Executive Directors

Globalworth announced the resignation of CEO Dennis Selanis and the appointment of two executive directors in his place.

Roy Vishnovizki, former general manager at TLG Immobilien and Hagag Group Real Estate Development, and Piotr Olendski, non-executive director on the board of Globalworth, will lead the company as co-executive directors.

Selinas, who served as CEO of Globalworth for the past three years, has decided to step down to pursue other opportunities, according to the company.

In Romania, Globalworth owns commercial properties with a total value of 1.2 billion euros and is the largest owner of office buildings in the country.

Source: Profit.ro

Building E Marks the Completion of Vivenda Residencias

Building E of Vivenda Residencias, on which sales have recently started, marks the final stage of the project launched in 2007. Upon the completion of Building E, Vivenda Residencias will total 1,400 apartments.

“In a market context marked by challenges, from limited access to bank financing to rising construction costs and labor shortages, we observe a qualitative evolution of residential projects”, said Romeo Ghica, Operations Manager of Hercesa Romania. “Potential buyers are more cautious, yet the interest in well-built, energy-efficient and strategically located homes remains constant. By developing multiple projects simultaneously, we adapt to current market conditions, maintain our focus on quality and anticipate the direction in which demand is heading”, added Romeo Ghica.

Cordia Acquires Land in Pipera

Real estate developer Cordia, owned by entrepreneurs Péter and Gábor Futó, has signed a promise to purchase a plot of land located in the American School area of ​​Pipera, on which it will build the company’s largest project in Romania to date. The over 6-hectare plot will allow for the development of a multi-stage project with approximately 900 residential units.

Local Cordia representatives have repeatedly indicated that they have over 2,000 apartments in design in Bucharest, but they have been unable to obtain building permits. The Pipera project is the first step taken outside Bucharest. However, Cordia also signed a sale-purchase contract in July of this year for a buildable plot of land located in Bucharest. At the moment, the Hungarian developer has 1,487 apartments in preparation and, in the process of acquiring, land for another 1,178 apartments.

“We have started preparing two new projects in Bucharest, one of which is planned to be launched in the second half of the year,” announced Tibor Földi, chairman of the board of directors of Cordia.

Source: Profit.ro

 

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