Bucur SA to acquire office building from businessman Sebastian Bălășescu

Bucur SA has concluded the sale-purchase agreement of the company that owns the CSDA Siriului office building in Bucharest, for the amount of EUR 6.12 million.
The office building has six floors and a leasable area of 3,617 square meters and was purchased from Sebastian Bălășescu, the founder of Urgent Curier. The transaction value is EUR 6.12 million.

The building was built by Primavera Development. Completed in 2013, the building was sold to Sebastian Bălășescu, the founder of Urgent Curier.
Bucur SA is owned by Longshield Investment Group, the former SIF Muntenia.

Source: economica.net

Crosspoint Real Estate announces the sale of Vulcan Residence, developed by NEPI Rockcastle

Crosspoint Real Estate, the International Associate of Savills in Romania and the exclusive advisor for NEPI Rockcastle in the sales process, announces the complete sale of all 254 apartments in Vulcan Residence. This marks the full commercialization of the group’s first residential development, located in Bucharest’s 13 Septembrie area, near Vulcan Value Center.

“Vulcan Residence has been fully sold, marking a remarkable success given the challenging economic and social context of recent years,” said Oana Popescu, Partner and Head of Residential at Crosspoint Real Estate, a company celebrating two decades of activity in 2025. “The project’s strong performance, despite a period shaped by the pandemic, regional geopolitical conflicts and significant tax changes, including adjustments to VAT on housing, was made possible by NEPI Rockcastle’s innovative approach and exceptional project quality, as well as the professionalism, expertise, and consistent involvement of the Crosspoint team”, added Oana Popescu.

Vulcan Residence’s community consists of 95% end-users who purchased apartments for personal use, while the remaining 5% acquired units as investments. The average buyer is 35 years old and includes corporate professionals, doctors, lawyers, business owners and students, with a notable proportion being young families with children.

“Vulcan Residence, our first residential project, represents a milestone for NEPI Rockcastle. We are pleased to have delivered a development that was completed on time and 100% sold, meeting the highest sustainability standards. Its strategic location, offering quick access to transport infrastructure, services, and urban amenities, reflects our commitment to building well-integrated, sustainable communities. We thank our partners at Crosspoint, whose pivotal role in the sales process was rooted in their quick grasp of what makes us different and their ability to turn that advantage into a flawless sales strategy. This success boosts our confidence as we move forward with future residential developments in Bucharest, Brașov and Craiova, near our commercial centers”, said Iulian Rusu, Head of Residential at NEPI Rockcastle.

Global Vision Makes Its First Retail Investment in Oradea

Global Vision announces its first investment within the retail sector, marking a new chapter in the company’s strategic expansion. Located in Oradea, the new commercial project represents a milestone in Global Vision’s strategy to build a resilient, high-performing real estate portfolio across key asset classes, as part of the current investment pipeline that exceeds EUR 150 million.

The development, set on a plot of over 25,500 square meters, will host ATAC Hiper Discount, the discount format operated by Auchan, as its anchor tenant, with a 7,500 square meter space secured under a long-term lease agreement. The project also includes a commercial gallery of over 1,500 square meters, creating a modern retail destination for both national and international brands. The total investment exceeds EUR 10 million. The retail park will operate under the name Oradea Retail Plaza and is envisioned as a new commercial and social landmark for the region.

Situated in the southern part of Oradea, with direct access to the city’s Ring Road, the retail park benefits from a strategic location, excellent connectivity, and strong market fundamentals, making it a valuable addition to Global Vision’s cross-sector real estate strategy.

This transaction represents Global Vision’s official entry into the retail market, building on the company’s established success in the industrial, office, and residential sectors. It also reflects the ongoing growth of Global Vision’s real estate investment fund, which is focused on developing a forward-looking, diversified platform across Romania and the broader Central and Eastern European region.

“We’re entering the retail sector by applying the same fundamental philosophy that has guided our work in the industrial, office, and residential sectors: a long-term vision, strategic locations, solid partnerships, and integrated developments that deliver real value to our stakeholders. This approach has allowed us to consistently grow a resilient, diversified portfolio, one that’s built to perform across market cycles and remain relevant for both communities and investors,” said Sorin Preda, CEO & Founder, Global Vision.

MLP Bucharest West attracts new tenant from the logistics sector

MLP Group has signed a long-term lease agreement with a Romanian logistics operator for over 5,200 square meters of storage space and 70 square meters of offices within the MLP Bucharest West logistics park.

“The expansion of the tenant portfolio strengthens MLP Group’s presence on the Romanian market,” says Olga Melihov, Chief Country Officer Romania at MLP Group S.A.

Located on the Chitila ring road, in the northwest of Bucharest, MLP Bucharest West has an area of 18.3 ha and will ultimately have 99,000 square meters of storage space.

Israeli billionaire Teddy Sagi sells Polonă 68 building to Star Residence Invest

Israeli billionaire Teddy Sagi is selling one of the office buildings he owns in Bucharest. Star Invest Residence will buy the Polonă 68 building for 19 million euros.
The office building has five floors, a leasable area of 9,500 square meters, and the agreed purchase price is EUR 19 million with an estimated yield of 11%, according to the announcement.

The Polonă 68 office building was built in 2009 by Greek businessman Gkotsis Anastasios, an investment of EUR 15 million. Later, in 2017, the building was bought by Topmost Invetments, a company owned by Israeli billionaire Teddy Sagi, for the sum of EUR 17 million.

Source: economica.net

One United Properties announces strategic expansion to Sibiu

One United Properties announces the signing of a promissory sale and purchase agreement for land located in a prime central area of Sibiu, marking the Company’s strategic entry into one of Romania’s most dynamic regional cities.

“Sibiu is one of the most exciting urban development opportunities in Romania today. The city has strong fundamentals – a thriving economy, rich cultural heritage, and growing demand for quality urban living. By bringing the ONE standard to Sibiu, we are expanding geographically beyond Bucharest and Constanta, while strengthening our business model through regional diversification and addressing unmet demand in key urban centers. At the same time, we are contributing to the sustainable transformation of underutilized central areas into communities that truly serve modern needs,” said Victor Căpitanu, co-CEO of One United Properties.

The acquired site, located on the former FLARO industrial platform, offers significant potential for urban regeneration. In addition to developing a new mixed-use community that will integrate residential, commercial, and service components, One United Properties will also restore and preserve four existing historical buildings on the site. These heritage buildings, which reflect the industrial and architectural history of Sibiu, will be rehabilitated and reintegrated into the future development.

The transaction is subject to the fulfillment of several conditions precedent, including the issuance of the final building permit, expected by the end of 2026.

SPACEPLUS signs new leasing contract with IPSO Agricultura

SPACEPLUS Chitila announces the expansion of its tenant portfolio by signing a new lease agreement with IPSO Agricultura, a market leader in agriculture equipment distribution.

IPSO Agricultura will occupy an area of 2,300 square meters in the Chitila warehouse, 50 square meters of which will be allocated to office space. The transaction was facilitated by Griffes real estate advisory, through Andreea Paun.

The association with SPACEPLUS reflects both IPSO Agricultura’s confidence in the amenities offered by the warehouse and SPEEDWELL’s commitment to attract and support market leaders by opening new development prospects for the local business community. For IPSO Agricultura, the Chitila warehouse will serve as a strategic national hub for the distribution of spare parts for agriculture vehicles, thus contributing to the optimization of logistics and service activities in Romania and neighboring countries, as well as to the increasing demand for logistics space due to the current trends of modernization in agriculture.

“We’re delighted to welcome our new tenant, IPSO Agricultura, to the SPACEPLUS community, and we are thrilled to see that our project meets the high standards of such a multinational market leader. Dedicated to SMEs, SPACEPLUS is appreciated for offering a high-quality product both in terms of construction standards as well as tenant interaction and the quality of their time spent with us – no technical issues, no difficult communication, and no risk of issues with authorities. We offer fully authorized spaces to which more and more companies are choosing to commit to their real estate needs. The occupancy rate and the fact that we are preparing to launch our new location in Popesti-Leordeni confirm that the SPACEPLUS concept has established itself as the preferred option for a wide range of SMEs – from local startups to publicly traded multinationals, points out Maria Jianu, Leasing Director of SPEEDWELL.

”We are proud to have once again supported IPSO, this time by securing their space of 2,300 sqm at SPACEPLUS Chitila, providing them with a solution that aligns with their strategic goals in Romania and the region, optimizing their national distribution process. This transaction, completed in record time, reflects our dedication and shows the versatility of the SPACEPLUS product. Collaborating with both companies has been seamless and natural, and we are excited to contribute to this milestone in IPSO’s growth”, said Andreea Paun, Managing Partner at Griffes.

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.

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