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.

Popeyes opens its first store in Sibiu

Fast-food restaurant chain Popeyes announces its first restaurant in Sibiu, to be opened this week.

The official opening will take place on Thursday in the food court area of the Promenada Mall shopping center in Sibiu.

Popeyes launched in Romania three years ago, currently having a total of 15 restaurants, including seven in Bucharest and one each in Pitești, Craiova, Buzău, Ploiești, Brașov, Constanța, Iași and Cluj-Napoca.

“The opening of the tenth Popeyes restaurant outside of Bucharest is part of a large-scale development plan for 2025 in Romania, so we are focusing all our efforts on our new restaurant in Sibiu. We are convinced that the residents here will appreciate the unique flavors of Louisiana chicken, as has already happened in Bucharest, Pitești, Craiova, Buzău, Ploiești, Brașov, Constanța, Iași and Cluj-Napoca,” said Jakub Aleksandrowicz, Marketing Director for Popeyes Central and Eastern Europe.

Developer starts selling apartments in the final phase of EnVogue Residence in Bucharest

In the month of July, EnVogue Residence representatives have started selling apartments in the third (and final) construction phase of the project in Iuliu Maniu Blvd., Bucharest. One of the two sections of the new building – the structure of which has already been finalised – will be occupied by apartments of a premium quality, while the other will consist of a hotel to be operated by Hilton, under the Hilton Garden Inn brand.

The residential component of the new construction phase will include 45 housing units (one-room, two-room, and three-room apartments, as well as penthouses), the delivery of which is estimated to take place during the summer of next year. The apartments will have above average usable areas, smart space divisions, and high-quality finishings. All parking spaces will be underground, separately for the hotel and residents.

The EnVogue Residence project is an approximately EUR 40 million investment undertaken by a local developer on Iuliu Maniu Blvd., no. 586-590. It has two already finalised construction stages – one of which comprises 169 apartments, and the other, 214 apartments, in addition to a total of 16 commercial spaces. All are energy class A dwellings: one-room, two-room, and three-room units, as well as penthouses and ground-floor apartments with private gardens. Over 90% of housing units in both construction phases are already sold and inhabited.

Cosmopolis increased sales by around 30%

In the first six months of 2025, Cosmopolis project of developer Opus Land Development, reached 218 homes sales, up by almost a third compared to the same period last year, when 172 units were sold. The total value of transactions in the first half of the year exceeded EUR 20 million.

“This result is a confirmation for us that we have chosen the right direction in the way we have thought about Cosmopolis development. The project is one with a long-term vision, in which we are committed to providing both housing for comfortable living and a complete lifestyle. We constantly emphasize community amenities, translated into nearby shops, recreational areas, children’s parks, sports fields, over 60 swimming pools, as well as top-notch educational infrastructure. The growing interest in Cosmopolis encourages us to continue with our development plans, at least at the same pace as before”, announces Ozan Tuncer, CEO Cosmopolis.

The Mark Twain International School campus in Cosmopolis will be officially opened this fall, and the start of the first school year here is an important moment to strengthen the community and attract new families.

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