Spanish group Tendam Opens new Store at RIVUS Cluj-Napoca

The Spanish group Tendam, will consolidate its presence in Romania at the RIVUS Cluj-Napoca project, with three of its brands (Cortefiel, Springfield and Women’secret ) on a total area upwards of 1,000 square meters. Cortefiel is the fashion group’s original brand and marks a premiere for Romania.

 

“ We consider it a success that we were able to attract such a large group to our project, with three internationally acclaimed brands, synonymous with contemporary style, consistent quality, and a shopping experience appreciated by millions of customers,” said Oana Diaconescu, Head of Leasing IULIUS.

 

Tendam group recently marked a double opening in another project by companies IULIUS and Atterbury Europe. The two new stores are Springfield and Women’secret, which are operating in Iulius Town Timișoara starting this summer.

 

New Demand Reaches 73% of Bucharest Office Leasing in H1 2026

The Bucharest office market is showing signs of a recovery in corporate demand, with new demand accounting for 73% of total leasing activity in the first half of 2026, compared to 53% in the same period in 2025, according to the Marketbeat Office Q2 2026 report by consulting firm Cushman & Wakefield Echinox.

 

The evolution indicates, according to consultants, a resumption of companies’ development and expansion plans.

 

“One of the most relevant market signals at the moment is the increase in the share of new transactions and expansions, which indicates a return to corporate confidence in their development prospects,” says Mădălina Cojocaru, Partner Office Agency, Cushman & Wakefield Echinox.

 

In parallel, the office vacancy rate fell to 11.6% in the second quarter, the lowest level recorded since the third quarter of 2020, an evolution mainly supported by the increase in demand from companies in the IT&C sector.

Căpușan Family Acquires Sanex Industrial Platform in Cluj

Căpușan family, which owns Tellus Invest developer, has acquired part of the Sanex land and buildings in Cluj Napoca, suitable for real estate projects, for EUR 40 million.

 

Prime Kapital was also interested of the 18 ha land of Sanex, but withdrew this year from the project. Prime Kapital planned to build a giant project, worth EUR 330 million, with a 130,000 sqm shopping center, one of the largest in Romania, as well as 12-story apartment buildings and office buildings.

 

Tellus Invest has so far completed around 3,000 homes in Cluj-Napoca, through complexes such as Grand Park Residence, Bonjour Residence and Junior Residence.

 

In parallel, Lasselsberger, the owner of Sanex, requested state aid through ConstructPlus for a new ceramic tile factory in Sănduleşti, in the same county, with a total investment of RON 699 million.

Apartment Prices in Romania Increased by 6% in July

In all cities in Romania, the cumulative average prices of new and old apartments with 1-3 rooms increased, on average, by 6% in July 2026 compared to the same month last year. Compared to the previous month, prices remained largely stable.

 

Cluj-Napoca remains the most expensive city among those analyzed, with a cumulative average price (new + old) of EUR 3,298/sqm, followed by Brașov, with EUR 2,342/sqm, and Bucharest, with EUR 2,160/sqm. The highest annual percentage increase in prices was recorded in Constanța.

 

In the new apartment segment, the highest annual percentage increase in prices was recorded in Constanța (+14%), followed by Sibiu (+11%), Iași and Oradea (+10% each).

BuildGreen: The energy crisis shows that decarbonization has become a competitive advantage for companies

The current energy crisis and the authorities’ call for companies to reduce consumption during peak demand periods demonstrate that energy has become one of the most important competitiveness factors for businesses. In this context, BuildGreen believes that decarbonization should be viewed not only as an ESG component, but also as a cost management tool and a way to reduce operational risks.

 

Companies that have conducted energy audits and developed efficiency strategies now have a tangible advantage, as they know exactly where energy is consumed, which processes are energy-intensive and where they can intervene quickly to reduce consumption without significantly affecting operations.

 

“During periods of pressure on the energy system, the difference between a company that has data and one that does not becomes critical. Organizations that have measured their energy consumption and invested in efficiency can make fast, well-informed decisions with an immediate impact on costs and operational continuity”, said Răzvan Nica, Founder and CEO of BuildGreen and CarbonTool.

 

This data-driven level of preparedness also enables participation in energy flexibility programs (demand response), through which large consumers temporarily reduce their energy demand during peak periods to help balance the power grid. The concept has been included for several years in the international LEED standard and was recently introduced into the BREEAM methodology, which encourages the design and operation of buildings capable of responding flexibly to electricity grid demands.

 

In practice, a high-performing building can temporarily reduce energy demand by optimizing heating, ventilation and air conditioning (HVAC) systems, adjusting indoor temperatures or shutting down non-essential equipment, without significantly affecting occupant comfort. In some markets, owners or operators are compensated for the capacity they make available to the energy system during such periods.

 

The current context confirms the structural vulnerabilities of the energy system. According to ANRE data, in March 2026, Romania’s energy production came from hydropower (28.2%), natural gas (22.7%), and nuclear energy (20.7%).

 

Together, hydropower and nuclear energy accounted for nearly half of the country’s electricity generation.

 

At the same time, the Danube River’s flow dropped to approximately 1,400 cubic meters per second, the lowest level recorded in the past 40 years, directly affecting two of the country’s most important energy sources.

 

Furthermore, data from the National Institute of Statistics shows that nuclear electricity production declined by 12.3% during the first five months of 2026 compared to the same period last year. Notably, this pressure on the energy system occurred even though electricity consumption was 3.4% lower than during the corresponding period in 2025.

 

“The data shows that energy volatility is no longer an exceptional scenario. For companies, the lesson is clear. Those that consume energy more efficiently and continuously monitor their energy performance will be less vulnerable to market shocks, rising costs and disruptions across operational value chains”, explained Răzvan Nica.

 

According to BuildGreen, an energy audit is one of the fastest ways for an organization to identify savings opportunities and build an investment plan based on return on investment. In many cases, the first measures can be implemented without significant capital expenditure, simply by optimizing operating schedules and eliminating unnecessary consumption.

 

For the industrial, logistics, retail, and residential sectors, where energy represents a significant share of operating costs, energy efficiency delivers direct benefits, including lower expenses, greater financial predictability and improved long-term competitiveness.

 

“For years, decarbonization was primarily associated with climate goals and reporting obligations. Today, we see that it also means productivity, cost control, and economic resilience. Companies that generate the same value with lower energy consumption will perform better in an economy marked by volatility”, concluded the BuildGreen CEO.

Cometex Opens Târgu Neamț Retail Park

Cometex, the retail park developer belonging to Altex, has opened the 18th project in its national network, in Târgu Neamț, following an investment of 5 million euros.

 

This step marks Cometex’s first project in Neamț county and brings the local community access to brands such as Altex, Dr.Max, dm, Pepco and TEDi. The retail park has a commercial area of ​​4,300 sq m and is located in the immediate vicinity of the local Kaufland store.

 

Cometex is a company with 100% Romanian capital, specialized in the development, operation and management of shopping centers nationwide, with a focus on urban areas with sustainable growth potential. The company currently operates a network of 18 retail parks in 17 cities in Romania.

 

Source: economica.net

Two new Residential Projects to be Built on the Shores of Lake Tei in Bucharest

The Borcea family and developer Cordia have obtained building permits for two major residential projects on the shores of Lake Tei in Bucharest.

 

Cristi Borcea’s family company, which owns a 25,000 sqm plot of land on the shores of Lake Tei in Bucharest, has obtained the building permit for a residential project, across the street from the headquarters of the National Forestry Agency. For this land, the developer One United Properties signed a pre-contract for the acquisition if the building permit is obtained, and the completion of the transaction was estimated for spring next year. The data from the building permit shows that the blocks will have 3 basements, 11 floors and a technical floor.

 

Next to this land, the developer Cordia has received the permit for the construction of the residential project that it has been preparing for several years. The land was purchased a long time ago, also from the Borcea family. Cordia has received the permit for the construction of high-rise blocks of 9 and 10 floors, plus a technical floor. The technical terrace will be used for solar panels. The land owned by Cordia is 15,000 sqm, and the company’s plans show that it plans to build 229 apartments.

 

Source: economica.net

MR.DIY Opens First Store in the Eastern Region, at Iulius Mall Iași

MR.DIY, recently entered the Romanian market, opened its first store in the eastern region and its sixth in the country at Iulius Mall Iași. The brand, with over 5,700 stores in 15 countries and originating from Malaysia, is based on a strategy of consistently affordable prices, under the promise of “Always Low Prices” – low prices every day. The new store in Iulius Mall Iași has an area of ​​approximately 580 square meters.

 

“We are delighted to continue our local expansion with the opening of the MR.DIY store in Iulius Mall Iași. The inaugurated space reflects our commitment to bringing the brand closer to Romanian consumers, through well-positioned locations, a wide range of products and advantageous prices. We want every visit to our store in Iulius Mall to offer the people of Iași and beyond a simple and pleasant experience, a place where they can quickly find all the products they need for their daily activities,” said Cătălin Secăreanu, Business Development Manager, MR.DIY Romania.

 

Monarc Starts the Radisson Blu Mamaia Project

Monarc Development will start construction work this year for Radisson Blu Hotel & Residences Mamaia.

 

The development will take place in several stages, starting with the design, engineering, and consultancy. Subsequently, the project will go through the structural execution, finishing, and integration phases of facilities specific to the Radisson Blu brand, alongside preparing the operational management components.

 

Prices for the premium residences within the complex start at EUR 235 thousand. The properties will be integrated into a dedicated management and rental program, offering buyers the opportunity to generate investment yields without being directly involved in managing the asset.

 

City Grill Invests EUR 6.5 million in Network Expansion

The City Grill restaurant group has budgeted EUR 6.5 million in investments for this year, more than double the amount compared to 2025. The results from the first six months show a 2% increase, below the 10-12% target set for 2026, but the management is counting on a recovery in the second half of the year through new openings.

 

The group’s founder, Dragoș Petrescu, stated that Romanians can no longer bear further price increases, so the expansion of the network remains the main driver of development. Recent and upcoming projects include an already operational unit within the Constanta Casino, as well as the historic Cerbul Carpatin restaurant in Brașov, with an expected inauguration in October-November 2026. At the same time, the Gambrinus Brewery is expected to open on Ion Brezoianu Street in Bucharest.

 

The group currently operates a portfolio of approximately 40 units under multiple brands. Some of these are directly owned, while others are under management.

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