Selly launches EUR 50 million Nibiru resort to transform Romania’s seaside tourism

Romanian content creator Andrei Șelaru, known as Selly, has unveiled plans for a major real estate development on the country’s Black Sea coast. The project, named Nibiru, will be built from the ground up between Costinești and Tuzla and represents an initial investment of EUR 50 million. It is intended to serve as a large-scale entertainment destination, with ambitions to rival international resort locations such as Ibiza and Mykonos.

The development is planned to cover approximately 1.6 million square meters and will be delivered in phases. The first phase, expected to open in the summer of 2026, will feature a variety of entertainment and leisure infrastructure. Among the planned facilities are an open-air shopping mall, a large event venue with a capacity of 50,000 people, an amusement park, and what is being described as the largest nightclub in the world, with a design capacity for 30,000 visitors.

Selly emphasised that Nibiru is not solely targeted at a young audience but is being developed as a broader cultural and entertainment complex. The resort is expected to operate daily during the summer season and aims to cater to a wide demographic, offering experiences that blend entertainment, gastronomy, and cultural events.

Construction is scheduled for rapid progression, with completion of the initial phase targeted for July 2026. The developers aim to establish Nibiru as a dynamic seasonal hub—effectively a temporary city—and a new benchmark for Romania’s summer tourism sector.

Global Vision Signs with Diehl Aviation To Develop New Production Facility in Romania

Global Vision signs a long-term lease agreement with Diehl Aviation, a leading global partner in the aviation industry, for the construction of Diehl Aviation’s new production facility in Craiova.

Diehl Aviation’s new facility will be built on a 33,500 square meter plot. The facility will include a 12,000 square meter building, with 2,500 square meters dedicated to Class A+ office space. The project will be delivered by Global Vision as a turnkey development, including shell & core, structural works, and full interior fit-out. The new facility will primarily manufacture products and components for passenger aircraft for leading OEMs.

“For Global Vision, this collaboration represents a key achievement in our investment fund’s portfolio, reflecting our commitment to supporting high-impact, forward-looking projects that drive regional growth and economic resilience. We are excited to be part of this journey and look forward to seeing Diehl Aviation’s success flourish in Craiova!” – said Sorin Preda, CEO & Founder, Global Vision.

“Our new facility in Craiova represents a strategic investment in Diehl Aviation’s future,” said Jörg Schuler, CEO of Diehl Aviation. “The combination of an excellent location, skilled talent, and strong local partners enables us to continue delivering high-quality and competitive products. We are pleased to take this important step together with the Dolj region and our local partner Global Vision.”

Romanian investors have allocated EUR 1.8 billion to real estate acquisitions over the past decade

Romanian investors have acquired nearly EUR 1.8 billion worth of commercial real estate assets in Romania between 2015 and today, accounting for one-fifth of all transactions during this period, a ninefold increase compared to the previous decade, according to Colliers data. Otherwise, according to the most recent numbers, in the first half of 2025, the total real estate transaction volume in Romania slightly exceeded EUR 400 million, just below the level recorded in the same period last year and in line with the post-pandemic semi-annual average.

According to Colliers data, between 2005 and 2014, Romanian investors completed real estate transactions worth around EUR 200 million, accounting for less than 4% of the total market during that period. However, over the past decade, domestic investors have significantly strengthened their presence, with transaction volumes nearing EUR 1.8 billion between 2015 and today, representing around 20% of all deals closed in this period. Colliers tracks only transactions above EUR 5 million, noting that many Romanian-led deals tend to be close to this threshold.

Office buildings have been the most attractive asset class for Romanian capital, accounting for two-thirds of the total investment volume over the past decade. Trailing far behind are retail properties (around 15% of the total) and hotels (7%).

According to the latest market data, commercial property transactions exceeded EUR 400 million in the first half of 2025, marking a slight decrease from the EUR 424 million recorded in the same period of 2024. The retail sector was the most active, generating over 40% of total transaction volume.

PPF Real Estate reaches ground zero for ARC office building in Bucharest

PPF Real Estate announces the ground zero of the construction works for the ARC office building in Bucharest. Currently, the execution of the superstructure is underway, and the completion of the building is scheduled for the third quarter of 2026. The total investment in this project is estimated at EUR 70 million.

The ARC building will offer a leasable area of 30,000 square meters, distributed over two underground levels, a ground floor and ten floors. The project is designed to operate without the use of natural gas for heating, complying with nZEB (nearly zero energy consumption) standards and is set to obtain LEED Platinum certification for sustainability.

The project will include commercial spaces on the ground floor, an area dedicated to restaurants, a fitness room, convenience stores and a 2,500 sqm urban forest, which will cover almost a third of the land area.

“We have reached ground zero and are continuing to develop at a sustained pace. ARC is taking shape and we are one step closer to delivering a project that truly puts people at the center. We set out to build more than just an office space, we want to offer a modern, sustainable place, adapted to the real needs of users. Each stage is thought out responsibly, with attention to detail and a firm commitment to quality and the future,” said Juraj Sastinsky, Investment Director, PPF Real Estate.

Sika opens concrete additives production unit in Romania

Sika Romania has inaugurated a new concrete additives production facility in Corlătești, Prahova County, following an investment of EUR 1,5 million.

The unit is located on the Sika industrial platform in Corlătești and expands the company’s local production capacity, in a context of increasing demand for materials used in the construction sector.

“The investment in Corlătești represents a concrete step in our regional expansion and in streamlining operations in Eastern Europe. Romania has a strategic position in this network, and the new unit gives us the flexibility necessary to better respond to the increasingly dynamic demands of the construction market,” said Ileana Nicolae, Head of Eastern Europe, Sika.

Sika Romania is part of the Swiss group and has a team of over 600 employees and 5 industrial platforms in Romania. The Sika Group is present in 102 countries and owns over 400 production units which develop innovative technologies for customers around the world.

Hubix and Fimaro Development join forces to develop Citius, in Cluj-Napoca

Hubix announces a strategic partnership with Fimaro Development for the development of “Citius,” a large-scale urban regeneration real estate project in Cluj-Napoca.

Citius will transform a key urban area near the Tetarom I business park into a modern residential complex featuring apartments, retail spaces, amenities, parks, and generous pedestrian areas.
The first phase of the development will include 172 apartments and 178 parking spaces, following a total investment of €19 million.

“We are excited to collaborate with Fimaro Development in delivering the Citius project. Cluj-Napoca is one of Romania’s economic engines and requires responsible residential developments that contribute to the quality of urban life. For Hubix, this investment is a natural step in our mission to support urban regeneration and sustainable development” said Daniel Tudor, Chief Investment Officer, Hubix.

“Our partnership with Hubix will enable us to deliver a landmark project for Cluj-Napoca, with high standards of quality and attention to the real needs of the community.”
Cluj-Napoca is one of Romania’s leading economic and academic centers, with an active population and a strong educational profile. The city hosts a thriving IT sector and attracts investments in services, manufacturing, and creative industries. Its high quality of life, expanding infrastructure, and access to Cluj-Napoca International Airport sustain a steady demand for modern housing. Investments in transportation, urban planning, and business zones—such as the Tetarom parks—support the planned growth of the local residential market”, said Radu Țaica, Fimaro Administrator.

The budget deficit roses to 3.68% of GDP in the first 6 months

Romania’s budget deficit widens by 9.6% y/y to 3.68% of GDP in the first 6 months of the year, compared to 3.39% at the end of May, and reached RON 69.80 billion. In the second quarter the deficit narrowed by 5.9% y/y to RON 26.1 billion.
Last year, the budget deficit was RON 63.67 billion in the same period, or 3.62% of GDP.

Total revenues amounted to RON 310.52 billion in the first six months of 2025, registering an increase of 12.7% y/y, supported both by the advance of current revenues – mainly the tax on salaries and income, and insurance contributions – but also by the evolution of revenues from European funds.

The budget for the current year is built on economic growth of 2.5% and a budget deficit of 7% of GDP. In H2, after the first package of budgetary reforms come into force on August 1, the government expects further improvements, resulting in a full-year cash budget gap of under 8% of GDP, compared to 8.65% last year.

Koramic to invest EUR 30 milion in two residential projects in Bucharest

Koramic Real Estate Romania launches two residential projects in the north of the Capital after a EUR 30 million investments.
Koramic Real Estate Romania is the local division of the Belgian investor Koramic Investments, having over BIL 1 euros assets under management.

The Belgian investor will begin the second phase of the Sunset Lake Homes project, on Lake Străulești, and Sunrise Homes in the Pipera area. Sunset Lake Homes will include 18 new villas while Sunrise Homes will include 82 premium homes, in the Pipera area.

“The potential of the residential market in Bucharest remains high, as almost 20% of the country’s employees live here, while average incomes are 25% higher than the national average. Full access to the Schengen area, coupled with the progress of infrastructure works, enhances this potential, with numerous opportunities in both the medium and long term,” explains Alper Cetinoglu, CEO of Koramic Real Estate Romania.

Koramic Romania is part of Koramic Investments, a Belgian-based “family office”, launched in 1883 and currently owned by Christian Dumolin. Koramic Investments focuses on office buildings, as well as industrial and residential real estate. In addition to Belgium, the investor is also present in Germany, Poland and Romania.

In Romania, the investor completed the first phase of Sunset Lake Homes in 2023, a boutique residential condominium consisting of three low-rise buildings located on the shores of Lake Străulești.

Titan Masini Grele industrial platform to be put up for public auction starting at EUR 16 mln

The Titan Maşini Grele industrial platform in Sector 3 of the capital will be put up for public auction, within the insolvency procedure, with a starting price of EUR 16 million.

The assets include a 47,286 sq m plot of land, industrial halls with a total area of 34,870 sq m, an office building (G+G+5F+terrace) with a useful area of 2,717 sq m, as well as a vacant land with development potential, announced the judicial administrator CITR. The platform is part of the former FAUR industrial area and produced industrial equipment and components, especially for the rubber processing industry, playing an important role in the local industrial economy.

Nearby the platform are the Costin Georgian metro station, Kaufland and Lidl stores, Sticlăriei Park, IOR Park, and also several residential projects under development.

Titan Maşini Grele entered insolvency in 2023. The auction will take place on Wednesday, August 13, at the headquarters of the CITR judicial administrator.

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