Matei Şucu enters real estate after quitting football

Matei Şucu, the eldest son of businessman Dan Şucu, owner of Mobexpert and the Rapid football club, has been co-opted into one of the companies through which his father invests in the construction of apartments in Bucharest.

Matei Şucu is the new shareholder, with 10% of the company Redport Properties Safir. The rest of the shares in the company are owned by Dan Şucu (50%) and Redport S.A. (40%).

One of the phases of the residential project The Level Apartments is being built through this company. Redport owns several plots of land there and plans to build over 1,000 homes in the Infinity Nord project, as well as a residential complex with 500 apartments in the eastern area of Bucharest.

Source: economica.net

aSpace expands co-working spaces in Global City Business Park by 35%

aSpace, a Romanian-owned co-working space operator founded by Bogdan Mariniuc, is expanding its office space in Global City Business Park, in the north of the capital, by 35%, used by clients from industries such as IT, agriculture, professional services, transport, automotive.

Currently, the company owns a 1,400 square meter rental space in this building, with 90% of the space being rented.

The new space will provide clients with 10-12 private offices, for teams of two to six people. Its design is estimated to take no more than two months, with an investment value of over 50,000 euros.

aSpace manages approximately 7,000 square meters of rental space in various office buildings, including AFI, Arion (Global City Pipera), Indotek and Adval.

Accor to open first Novotel hotel outside Bucharest in Timisoara by 2027

Accor has announced plans to open a Novotel hotel in Timisoara, marking the brand’s first location in Romania outside the capital. The hotel is expected to open by the end of 2027 under a franchise agreement with Amazonia Aquapark SRL.

The future Novotel will be located on Avram Imbroane Street and will have direct access to the Amazonia Aquapark. The property will feature 152 rooms, including 15 junior suites, a presidential duplex suite, and 20 family rooms designed with child-friendly amenities.

Additional facilities will include two restaurants with outdoor terraces, a dedicated children’s area, a central bar, a fitness room, and over 1,000 square metres of event space. This will include a multifunctional 630 sqm hall and a flexible foyer, suitable for conferences and private events.

CIJ Europe and Carbon Tool to Measure and Advance Sustainability at the 2025 CEDER & HOF Awards

We are proud to continue our collaboration with Carbon Tool for the 2025 CEDER Conference & Exhibition and HOF Awards. Now in its 18th edition, CEDER remains a cornerstone event for the region’s commercial property market, drawing industry leaders, investors, and innovators from across the sector.

As part of our joint commitment to environmental responsibility, this year’s event once again placed carbon footprint measurement front and center but with an added twist. In a move toward greater participant engagement, attendees were invited to log their travel emissions in real time through a scannable QR code, offering a more interactive and accurate footprint analysis.

2025 Carbon Snapshot: A Positive Step Forward

This year, the total carbon emissions from the CEDER & HOF Awards decreased to 13,530 kgCO₂e, down from 16,440 kgCO₂e last year, representing a 17.23% reduction. This translates to an average of 38.9 kgCO₂e per attendee, marking a promising step forward.Here’s a breakdown of the emissions by category:

• Food and Beverages: 8,742 kgCO₂e (64.6%)
• Commuting & CIJ Team Effort: 2,164 kgCO₂e (16%)
• Event Materials: 2,096 kgCO₂e (15.5%)
• Waste: 446 kgCO₂e (3.3%)
• Electricity: 81 kgCO₂e (0.6%)

While catering and transport remain the largest contributors, the year-on-year reduction highlights growing awareness, improved travel behavior, and more mindful planning.

Insights Through Engagement

This year’s event introduced a new way to connect attendees with their environmental impact: personalized commuter profiles based on how they traveled to the venue. By scanning a QR code and submitting details, participants gained insight into the carbon footprint of their journey. The introduction of a real-time travel logging system, along with detailed emissions tracking, reflects a broader shift in the industry: from simply talking about sustainability to acting on it. The final results were:

• 7% Eco Heroes – for outstanding environmental choices, and almost zero emissions
• 35% Offset Challengers – for big footprint and bigger potential
• 58% Smart Commuters – for choosing low-carbon transport

The initiative highlighted both progress and potential. While it’s clear that awareness is growing, the findings show there’s still considerable room to reduce transport-related emissions through smarter, more sustainable mobility choices in future editions.

With this second successful collaboration, Carbon Tool and CIJ Europe reaffirm their dedication to carbon transparency and action. The reductions seen this year are not just numbers — they represent a growing culture of sustainability within the real estate sector.

And while challenges remain, the direction is clear: data, awareness, and collaboration are the building blocks of a greener future.

For more information on how Carbon Tool can support your organization’s sustainability goals, visit www.carbontool.com

The expanded Iulius Mall Suceava has opened, after EUR 40 mln investment

Companies IULIUS and Atterbury Europe have completed the expansion process for Iulius Mall Suceava, thus consolidating its regional leader position for retail and entertainment. Iulius Mall Suceava features 60,000 sqm of retail premises, and the new retail area premieres the latest store concepts by Lefties, Stradivarius, HalfPrice, Reserved, Mohito, House and Cropp, food & beverage locations, green premises, and 2,400 parking spaces. The mall is now a greener destination, thanks to newly created landscaped areas with mature trees, an investment worth 1.85 million euros.

By launching the new concept, Iulius Mall Suceava is introducing brand new retail features on an area spanning 16,500 sqm. The transformation entailed both creating additional spaces and reconfiguring and redesigning some of the existing premises. IULIUS and Atterbury Europe have invested 40 million Euro into this expansion project, raising the total amount invested in Suceava up to 110 million Euro.

“We are delighted today to welcome the public, who have been with us since 2008, in an expanded and upgraded version of Iulius Mall, adapted to the latest leisure trends. Through this transformation, we wanted to provide visitors in the region with new experiences and access to acclaimed brands that were not previously present on the local market. The expansion also reflects the retailers’ growing interest in joining a shopping destination with consistent performances – in 2024 alone, the mall’s sales increased by 8% and a footfall of 7.5 million visitors. We have brought in new international fashion brands, as well as useful services. Another surprise that is sure to be a crowd-pleaser is the green area, landscaped with numerous species of trees and shrubs, providing the ideal space for relaxation and events dedicated to all age groups,” said Eduard Marcu, Shopping Center Manager Iulius Mall Suceava.

“Yet another “landmark” project has been delivered by the joint venture between Atterbury Europe, and the Iulius Group and the quality and level of detail speak for itself. We are proud to be part of this exciting milestone and are delighted to present the community of Suceava with the newly expanded Iulius Mall Suceava, delivered through an upgrade and expansion process that was done under challenging conditions. The integration of new tenant brands, expansion of existing shops, worldclass green areas, easy access and newly created convenient parking spaces will reinforce Iulius Mall Suceava as the “place to be”. We thank our loyal existing tenants for their patience during the expansion, and we welcome our new tenants to the best retail and entertainment destination in Suceava County”, says Roux Gerber, Head of Developments for Atterbury Europe.

Holcim Romania announces an investment of over EUR 5 million in the Turda factory

Holcim Romania announces an investment of over 5 million euros in the Turda factory, by launching a production line aimed at diversifying the product portfolio and opening new opportunities in the construction, agriculture and animal husbandry sectors.

This initiative, supported by a modern infrastructure, will allow the production and delivery of limestone sand in the form of niche products, such as limestone filler for agriculture and livestock, and synergies with the company’s existing construction aggregates segment.

“With this investment, we are not only expanding our product offering, but we are also supporting essential industries in Romania with sustainable, locally sourced materials. It is a real opportunity to bring value to our customers, both in the construction sector and in agriculture and livestock,” said Bogdan Dobre, CEO of Holcim Romania.

Kuziini expands after EUR 1.5 million investment

Kuziini, the brand known for its personalized furniture and smart home integration solutions, has expanded after an investment of EUR 1,5 million. This included the integration of state-of-the-art smart home solutions across all product lines, portfolio reorganization, launching partnerships with complementary brands and the actual expansion of the showroom.

The company has officially entered a new stage of development, covering all industries relevant to contemporary lifestyle – from residential and office, to HoReCa and commercial spaces – through a complex portfolio of integrated products and technologies.

“This evolution reflects our vision to redefine the relationship between man and his living or working space. Furniture is no longer just aesthetic or functional – but smart and adaptable. That is why we have invested in a complete ecosystem, in which each product is prepared to meet the needs of a sophisticated, connected and sustainable lifestyle”, said Mădălin Tomescu, founder of Kuziini.

“Curtains move according to the position of the sun. Lighting adjusts according to presence and mood. Everything can be controlled from a single application – this is what modern comfort means”, added Mădălin Tomescu, founder of Kuziini.

Cafe Barbera to launch a flagship location Colosseum Mall

Colosseum Mall is set to welcome the iconic Italian brand Cafe Barbera, which will open a flagship location within the shopping centre. The brand is being introduced locally by Hotspot Brands, the company holding the master franchise agreement for Cafe Barbera in Romania.

Andrei Garoseanu, Managing Partner of Hotspot Brands, commented:
“We selected Colosseum Mall as the location for Cafe Barbera’s flagship store in Romania due to its strategic positioning and its appeal to a premium customer base, both from Bucharest and its surrounding areas. These customers value and seek the high standards of quality that Cafe Barbera consistently delivers. We are thrilled to open this flagship coffee shop, which I believe will become a landmark destination for coffee enthusiasts in Romania.”

Doinița Ilie, Leasing & Marketing Director at Colosseum Mall, added:
“We are witnessing steady growth in the premium coffee segment, and, for this reason, our objective is to align with this trend and meet the increasingly sophisticated expectations of our customers. We are delighted to bring an authentic Italian coffee experience to Colosseum Mall, in partnership with Cafe Barbera, within a contemporary and welcoming setting. Through this initiative, we are not only supporting an entrepreneurial venture and a premium product but also contributing to the education and strengthening of coffee culture in Romania.”

The real estate consultancy for the lease transaction was provided by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.

Flanco opens a new Smart Discounter store in Pitești

Flanco opens a new Smart Discounter store in Pitești within the Supernova Pitești premises. This year, the Supernova group announces the opening of two more Flanco Smart Discounter stores in the Supernova shopping centers in Bacău and Constanța.

Flanco is the first Smart Discounter electro-IT in Romania. With over 1,500 employees, the company owns a network of 160 stores, located in the most important commercial areas in 113 cities in Romania. The retailer’s shareholders are Iulian Stanciu – 95% and Dragoș Sîrbu – 5%.

Storia: Rents increased by 7% on average nationwide in April

Rents requested by landlords in April remained relatively stable compared to March (+1%), but compared to April 2024, a general upward trend is observed (+7%), according to an analysis conducted by Storia, the real estate platform launched by OLX.

The largest increases compared to last year are visible in Oradea, Cluj-Napoca and Iași.

“We have noticed that in many large cities rents continue to increase annually. In this context, the evolution of the exchange rate becomes an additional pressure factor, especially for tenants who pay in lei and take into account the exchange rate on the day of payment. Even a difference of RON 60 can matter, especially for those managing tight budgets, for students or young families. Although the fluctuation may seem relatively minor from the perspective of some, it comes at a time when many Romanians are already facing financial pressures due to inflation and high utility costs,” said Monica Dudău, Head of Marketing Real Estate Europe OLX Group (Storia and OLX Imobiliare).

Rents in Bucharest continue to be the highest in the country, with average prices of EUR 858 /month for three-room apartments, EUR 592 /month for two-room ones and over EUR 383/month for studios.

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