All posts by tudor@cijeurope.com.

Longshield Investment Group Acquires Second Bucharest Office Building

Bucur SA a company controlled by Longshield Investment Group has approved the acquisition of another office building in Bucharest following its recent purchase of the CSDA Siriului property.The latest asset is located on Dr. Felix Street no. 87 near Victoriei Square. It has six floors and a leasable area of about 3000 square metres. The maximum transaction value is set at €3.05 million excluding VAT.This marks Bucur SA’s second acquisition in under two months. At the end of July the company concluded a sale-purchase agreement for the CSDA Siriului office building which also has six floors and a leasable area of 3617 square metres. That deal was valued at over €6 million.

Source: economica.net

Longshield Investment Group Acquires Second Bucharest Office Building

Bucur SA a company controlled by Longshield Investment Group has approved the acquisition of another office building in Bucharest following its recent purchase of the CSDA Siriului property.The latest asset is located on Dr. Felix Street no. 87 near Victoriei Square. It has six floors and a leasable area of about 3000 square metres. The maximum transaction value is set at €3.05 million excluding VAT.This marks Bucur SA’s second acquisition in under two months. At the end of July the company concluded a sale-purchase agreement for the CSDA Siriului office building which also has six floors and a leasable area of 3617 square metres. That deal was valued at over €6 million.

Source: economica.net

Pinum Contracts over EUR 10 mln in Financing from Banca Transilvania

Pinum, one of the leading manufacturers of doors and windows in Romania, has signed a financing agreement worth over EUR 10 million with Banca Transilvania, with funds aimed at developing a state-of-the-art factory in the northern part of Bucharest.

The total investment, which exceeds EUR 14 million, will support the construction of a modern factory in Moara Vlăsiei. The expansion of production lines will allow the company to double its annual capacity for manufacturing doors and windows, supporting Pinum’s strategy to grow its exports. Additionally, the new logistics hub within the factory will help streamline distribution to Pinum showrooms across the country.

“The partnership with Banca Transilvania is a confirmation of trust not only in Pinum’s products but also in the company’s development strategy. The new factory will mean double the production capacity and a more efficient and sustainable way of working. This investment will allow us to innovate and offer our partners and customers the highest quality products, in a way that is environmentally responsible,” stated Francesco Curcio – CEO of Pinum.


The energy requirements for the Moara Vlăsiei factory will be met by solar panels, aiming to reduce reliance on external energy sources and protect the environment.

British Investor Ghai Sant Ram Announces the Launch of HORIZON CITY

British investor Ghai Sant Ram announces the official launch of a new residential project in Romania. HORIZON CITY is located on Bulevardul Pipera no. 2/IXA, right next to Kaufland Pipera. The project represents a EUR 130 million investment on a plot of nearly 23,000 sqm.

The development will be carried out in two phases.In total, the complex will feature 699 apartments and 926 parking spaces, with construction scheduled for full completion and delivery by mid-2027.

“HORIZON CITY is our answer to one of Bucharest’s greatest challenges: the need for high-quality housing, well integrated into the urban fabric, bringing added value to the city’s image and maximum comfort for residents. We deliberately chose the North of the Capital because it concentrates economic, educational, and social development, and our project complements this growth with a residential standard adapted to the present and the future. Here we aim to lay the foundation of a community that will become a landmark for decades and generations to come,” said Cristian Stanciu, CEO of the HORIZON CITY project.

IULIUS Started the Most Extensive Transformation of Palas Iași

This September, IULIUS Company started the first phase of an extensive project for revamping and upgrading the Palas Iași mixed-use complex. Based on a concept developed for the first time in Romania by Foster + Partners, the project will revitalize downtown Iași: more green spaces, innovative retail concepts, new experiences, fitting harmoniously with the cultural and historical diversity of the area. Palas Iași is one of the best-performing mixed-use projects in Romania, with more than 22.2 million visits last year. The remodeling is estimated around EUR 80 million, raising the investment made by IULIUS in downtown Iași upwards of EUR 520-million. The total leasable retail area will increase to 80,000 sqm.

The transformation seeks to optimize the existing spaces and the fitting out of new shopping areas. This process does not involve the construction of new buildings.

“We are excited to begin the remodeling of Palas, a project that takes urban regeneration to the next level owing to the innovative and sustainable vision proposed by the Foster + Partners team of architects. The result will be spectacular and will reflect the special attachment IULIUS has to Iași: a revitalized urban experience, a greener Palas that is better connected with the city, a more attractive space for the community, with more shopping and leisure options. We have designed this process in phases to minimize its impact on the visitors and the business of the complex,” said Raluca Munteanu, Development Manager for IULIUS.

The Share of Mortgage Loans Reached Its Highest Level in Seven Years in July

The residential market in Bucharest remained active in August, recording the second-best month of 2025 in terms of housing transactions. A total of 4,469 homes were sold in the capital, 10.1% fewer than in July, which marked an all-time high for this year. However, the August volume remained more than 15% above the 2025 monthly average.

Sector 3 District led in transactions, accounting for nearly one-third of all apartment sales in Bucharest. The next most active areas were Sector 6 District, with 796 homes sold, and Sector 1 District, with 784 units transacted.

“Demand for housing remains strong, even after the exceptional month of July. In August, we observed a return to a transaction pace like the first months of the year, but still above the general average, which confirms buyers’ confidence in the residential market,” explains George Călin, Residential Manager at Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

July was marked by a significant surge in sales, with a 48% increase compared to the previous month, driven by several factors: buyers’ desire to benefit from the old, reduced VAT rate before fiscal changes, as well as a record volume of approved mortgage loans.

Banks played an important role in energizing the residential market in July 2025, accelerating the approval of mortgage loans in anticipation of the imminent VAT increase on housing. As a result, 71% of real estate transactions in Bucharest were financed through mortgage loans, a record level for the past seven years.

“This unusually high share of bank financing reflects a strong mobilization from both buyers and financial institutions, which responded swiftly to the increased demand for loan approvals ahead of the fiscal changes,” explains George Călin, Residential Manager at Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

Vastint Romania Implements Ready Flex Space

Vastint Romania announces the launching of Ready Flex Space, a new business solution — the rental of autonomous, fully furnished office modules available through short-term lease agreements. Designed for both small and large companies, this concept responds to the increasing demand for flexibility in the office market.

The new Ready Flex Space formula has already been implemented in Business Garden Bucharest, covering a total area of 2,321 sqm divided into 9 independent units, ranging from 124 sqm to 416 sqm. Demand has been strong: eight of the units are already leased or in advanced negotiations, with half of the tenants already moved in. Current occupiers include Tesla Energy Forecasting (CEE), part of Yes Energy – a leader in real-time market data and electric power trading decision solutions focused on helping energy industry participants make better decisions in complex, rapidly changing markets, Innvigo Agro – European manufacturer of agricultural chemical products, Vertical Design – Romanian provider of modern door solutions, automation and gates and Hellmann Worldwide Logistics – one of the largest international logistics providers.

“In response to the evolving needs of our tenants, we created Ready Flex Space – independent, fully furnished offices that can function as an extension or even an alternative to a company’s headquarters. They are particularly attractive for fast-growing businesses, for companies in need of temporary additional space, or for teams working on project-based assignments. At the same time, large corporations with a smaller footprint—who until now often resorted to apartments or villas—can now benefit from the flexibility of a modern office building. The market response has been extremely encouraging: eight out of the nine units are already leased or in advanced negotiations, leaving just one unit available. This success demonstrates the effectiveness of the concept, and we are now preparing further modules with the Flex formula in both Business Garden Bucharest and Timpuri Noi Square,” said Sorin Macoveiu, Commercial Manager, Vastint Romania.

Unlike co-working spaces, Ready Flex Space offers fully independent offices where tenants do not share their rented area with other companies. Each module includes a reception, private offices, open areas, meeting rooms, social spaces, and restrooms. With lease terms ranging from 6 to 24 months, tenants can enjoy the independence of their own ready-made office, fully equipped, while also benefiting from the wide range of amenities available in Vastint’s properties, traditionally reserved for larger tenants.

Oresa Obtains Authorization for The Expansion of the Logistics Park in Iași

Oresa Industra, the real estate division of the Oresa investment group, a Swedish-capital company present in Romania since 1997, has obtained the construction authorization for a new expansion of 15,000 square meters of the Industra Park Iași park, in Letcani, with the new spaces to be delivered in the first part of next year.
Following this expansion, the Industra Park Iași logistics park will reach a total leasable area of over 50,000 square meters.

The company’s plans include the development of another 25,000 square meters in the following stages, confirming the attractiveness and high potential of the market in northern Moldova. The investment in Industra Park Iași was Oresa Industra’s first step into the industrial real estate sector, with the acquisition of the existing logistics park in Letcani, in 2021. Since then, the company has expanded its presence nationwide, with major projects in Arad and the Bucharest area.

Source: Profit.ro

VGP Starts Construction of the First Building in VGP Park Bucharest 2

VGP announces the start of construction of the first building in VGP Park Bucharest 2, the company’s newest development in Romania. Strategically located in the eastern part of the capital, at the intersection of the A2 motorway and the Bucharest Ring Road, the park offers direct access to downtown Bucharest and fast connections to the Port of Constanța and key cities such as Brașov, Cluj-Napoca, and Timișoara.

VGP Park Bucharest 2 will be developed in three phases, and the first phase, built on a 227,000 sqm plot, will include three modern buildings with a total leasable area of approximately 114,000 sqm: Building A: 32,979 sqm – under construction as of August 2025, with expected completion in Q1 2026; Building B: 19,092 sqm – planned for 2026; Building C: 60,938 sqm – the largest unit in the park.

With the launch of VGP Park Bucharest 2, the company, reaches a portfolio of over 1 million sqm of gross leasable area across six modern parks: VGP Park Bucharest (North), VGP Park Bucharest 2 (East), VGP Park Arad, VGP Park Timișoara, VGP Park Brașov, and VGP Park Sibiu.

Liviu Stoleru is the New CEO of Symmetrica

Symmetrica, a manufacturer of vibropressed pavers and curbs, with a turnover of over EUR 63.5 million, has recruited Liviu Stoleru as Chief Executive Officer. Liviu Stoleru unexpectedly resigned last summer from the management of Roca Industry, just a few months after his appointment. He took over the management of ROCA Industry after being CEO of Cemacon for almost 12 years.

Symmetrica, a family business with over 30 years of activity and 10 factories in Romania, has made significant investments in recent years exceeding EUR 135 million. These include the development of the largest paving and slab factory in South-Eastern Europe, inaugurated in Bolintin Vale, as well as an extensive energy efficiency program through investments in 12 photovoltaic parks dedicated to its own production units.

Source: Profit.ro

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