The Olăroiu family launches Wida Mamaia Residence

The Olăroiu family, through the company First Mamaia Residence SRL, owned by Antonio Daniel Olăroiu and Roxana Tanase, has finalized the transformation of the former Mamaia Hotel into a luxury residential complex called Wida Mamaia Residence.

The investment exceeded EUR 25 million and includes 95 accommodation units – from studios and 2-5 bedroom apartments to duplexes and penthouses – plus amenities such as a gourmet restaurant, sports facilities, children’s playground and direct access to the beach.

The project was coordinated by architect Daniel Ciocăzanu, on a plot of about 5.600 square meters. Asking prices start at around 3.500 EUR/sqm. Many of the apartments have already been sold. Another 30 will operate as aparthotels, an increasingly popular formula in luxury tourism.

Developers prepare investments of over EUR 1.5-2 bln in commercial projects

tudor@cijeurope.com
19 August 2025
Other

The Romanian commercial real estate market is preparing for a massive wave of investments, with 17 major projects under development totaling 887,400 square meters. The top 10 comes with five large retail projects, four industrial projects and a single office development.

The project pipeline includes 388,000 square meters of retail space (worth approximately EUR 970 million), 367,100 square meters for the industrial sector (about EUR 367 million) and 132,300 square meters of offices (estimated at EUR 330 million).

The largest projects include Cluj Mall (130,000 sqm) and Rivus Cluj (120,000 sqm), both developed in Cluj-Napoca by Prime Kapital-MAS Real Estate and Iulius Group-Atterbury Europe, respectively.

The Romanian investment market recorded transactions of EUR 391 mln in the first half of 2025

tudor@cijeurope.com
19 August 2025
Other

The Romanian investment market recorded a transaction volume of 391 million euros in the first half of 2025, marking a slight decrease of 6% compared to the same period last year, but positioning itself as the second best performing first half of the last 12 years. The retail sector dominated the activity with 42% of the total volume.

The national economy shows signs of slowing down, with GDP growth of only 1% in Q2, but the outlook for the rest of the year remains positive, with a total volume estimated at over EUR 800 million.

An indicator of the market’s maturity is the dominance of foreign investors, who contributed over 70% to the total traded volume.

The Pintilie Family Expands Its Real Estate Investments in Bucharest

The entrepreneurial family, Mariana and Lucian Pintilie, is in the process of authorizing its second residential project on its own in the Bucharest real estate market, and, in parallel, has begun selling the first blocks of flats it is building within Metalurgia Park, in Berceni.

The two entrepreneurs partnered with Daniel Sava, owner of Edildanconstruct, and together they developed the first phase of the Grand Kristal residential complex near the former Vulcan industrial platform in southern Bucharest, namely 22 blocks with 2,000 apartments, which they completed and sold in 2023. Last year, Daniel Sava decided to continue the second phase of the project development on his own, which will ultimately include 1,400 apartments and 13 villas.

On the 7,000 square meter plot in Berceni, they are building the second phase of Metalurgia Park, a complex in which the construction of 2,500-3,000 new apartments is planned. Here, the Pintilie family has begun construction of two 6-story blocks with a total of 152 apartments and a basement between the two buildings for parking, for 78 cars.

Source: Profit.ro

Rituals Cosmetics inaugurates its first store in Brașov

Rituals Cosmetics continues its expansion in Romania by inaugurating its first store in Brașov, in Coresi Shopping Resort.

Founded in Amsterdam in 2000, Rituals has since established itself as a global expert in the industry. The company is present in over 36 countries and cities such as London, Paris and Hong Kong, with over 1,185 stores, over 4,200 stores within other stores, 5 body spas and the first Mind Oasis in the world. In addition to the first Mind Oasis in Amsterdam, Rituals also opened Mind Oasis in Antwerp, Barcelona, Frankfurt and Paris in 2023.

Radisson Blu in Cluj-Napoca opens its new wing in November

The five-star Radisson Blu hotel in Cluj-Napoca, will complete in November this year an extensive expansion project, aimed at strengthening its offer in the corporate and leisure segments.

The new wing, currently in the final stage of finishing and fitting out, will add 20 suites, a spa, three new conference rooms and a rooftop bar to the hotel. The project also includes the opening of a new restaurant and the expansion of the Japanese restaurant, Hikari, thus significantly diversifying the facilities available to customers.

This development complements the current capacity of the hotel, which has 149 rooms and suites, along with a conference center with a 300-seat main hall and five other smaller rooms.

Smartown Group sells historic Dionisie Lupu Office Building in Bucharest

Smartown Group has completed the sale of one of its premium commercial assets in Romania, the historic Dionisie Lupu office building. The transaction was concluded at a yield of 8.2%.

The building features a 100% occupancy rate, with tenants including Cyber Ghost, Instore Power Provider and Med Beauty.

“The sale of Dionisie Lupu Office Building marks a strategic milestone in our portfolio optimization process. This landmark property reflects our commitment to investing in premium assets that combine historical value with modern functionality. We are pleased to hand it over to a real estate group we trust will continue to enhance its potential in the heart of Bucharest”, said George Dragan – CEO Smartown Group.

Located in the heart of Bucharest, near Piața Lahovari and Bulevardul Magheru, the property comprises two interconnected office buildings spread across four floors, with a total area of 2,470 sqm.

Real estate developer Impact wins lawsuit regarding Greenfield Baneasa PUZ

tudor@cijeurope.com
14 August 2025
Other

Real estate developer IMPACT Developer & Contractor won the lawsuit filed by an ecological and civic association, along with three other individuals, in which the latter requested the cancellation of a PUZ obtained by the developer.

“The court’s decision confirms that IMPACT is building in full legality, respecting all legal requirements, urban planning standards and good practices in terms of urban planning coefficients. At this time, the contested documents are valid, produce full effects and there is no final decision regarding their suspension or cancellation,” the developer’s representatives say.

In October 2024, 732 apartments in the fourth phase of the development of the GREENFIELD Baneasa neighborhood were delivered.

JYSK opens new store in Esplanada shopping center

The Austrian group SUPERNOVA announces a new important step in the development of the Esplanada shopping center, with the official opening of the JYSK store, on an area of approximately 1000 square meters.

The Danish furniture and interior decoration retailer, JYSK, thus reaches a network of 155 stores in Romania.

The Supernova Group is active in Austria, Slovenia, Croatia, Romania and Slovakia, currently having a portfolio of over 110 commercial properties, with a gross market value of approximately EUR 2.2 billion.

Ghai Sant Ram buys a project with hundreds of apartments from Bîlteanu family

British investor Ghai Sant Ram has purchased the H4L Millennium residential project, next to the Porsche Bucharest North showroom, from the Bîlteanu family, following a transaction worth EUR 11.3 million.

The Bîlteanu family, through the developer H4L Development, bought a 4.5-hectare plot of land from the Arab investment fund EIIC, approximately 5 years ago, for a price of approximately 10 million euros. On this plot, H4L Development planned to build the H4L Millennium project with 718 apartments. The Bîlteanu family has already sold approximately half of this land to Kaufland.

The Bîlteanu family has now sold the remaining land after the transaction with Kaufland, covering an area of approximately 2 hectares, to the company SRG Properties of the British Ghai Sant Ram, who has also changed the name of the project from H4l Millennium to Ivory Horizon.