Amber Forest obtains the first certification in Europe – LEED v4.1 for Communities

The Amber Forest project, developed by Alesonor, obtained Platinum certification according to the LEED v4.1 for Communities: Planning and Design evaluation system, thus becoming the first residential project in Europe to receive this recognition from the United States Green Building Council (USGBC).

“Being the first LEED v4.1 for Communities: Planning and Design certified project in Europe implies responsibility and deep commitment. We believe that the transition to sustainable communities is a collective effort and we are dedicated to continuously learning, actively contributing and sharing our knowledge. Through this commitment, we aim to generate a multiplier effect in the region and support the development of sustainable and resilient communities, where the exchange of knowledge and experience is encouraged for a better future.”, said Leonidas Anastasopoulos, Managing Partner of Alesonor.

Source: Profit.ro

Infinity Capital Investments sold the Dâmbovița hotel in Târgoviște

Infinity Capital Investments, the former SIF Oltenia, announced that it has sold the Dâmbovița hotel in the city of Targoviste, which was put up for auction several times in the last year. The first auction had a starting price of RON 20 million. Now, the share package of the company that owns the three-star hotel with 100 rooms has been awarded for RON 12 million.

The company did not make the name of the buyer public.

“The sale-purchase contract will be signed with the successful bidder within 30 working days from the date of signing the adjudication report,” the company’s announcement states.

In 2023, the company recorded a turnover of RON 4.8 million and had a net profit of RON 818,020. The number of employees was 30.

Source: economica.net

A Glittering Celebration of Excellence: HOF Awards 2025 Crowns the Best in CEE Real Estate

The 10th edition of the prestigious HOF Awards 2025 lit up the Radisson Blu Hotel on May 13 with an unforgettable evening celebrating the very best in Central and Eastern European real estate. From groundbreaking developments to top-tier investment firms and service providers, the region’s most influential players gathered under one roof for a night of accolades, fine dining, and vibrant entertainment.

More than just an awards ceremony, the event marked a decade of HOF Awards honoring excellence, innovation, and leadership in a sector that continues to shape the future of cities and communities. This year’s competition saw over 100 elite nominations—projects and companies that had already earned top honors in their respective countries—now competing for the title of “Best of the Best” across five major markets: Czech Republic, Hungary, Poland, Romania, and Slovakia.

“This night is about celebrating those who redefine the standard of excellence in our industry,” said Robert Fletcher, CEO and Editor-in-Chief of CIJ EUROPE, and host of the gala. “We are thrilled to recognise the outstanding achievements and contributions of our nominees and winners. Their innovation, dedication, and leadership continue to inspire and elevate the real estate landscape across the region.”

Winners Listing:

Best of the Best Residential Buildup In Development
RO: The Meadows by Speedwell

Best of the Best Standard Residential Development of the Year
HU: Waterfront City by Biggeorge Property

Best of the Best Premium Residential Development of the Year
PL: Neo Natolin (I-st Stage) by Real Management

Best of the Best Residential Real Estate Agency of the Year
RO: North Bucharest Investments

Best of the Best Retail Development of the Year
CZ: Palac Savarin by CRESTYL

Best of the Best Retail, Leisure & Hotel Upcoming Development of the Year
SK: Point Liptovský Mikuláš by OPC Group

Best of the Best Office Development of the Year
CZ: Roztyly Plaza by Passerinvest

Best of the Best Office Buildup in Development of the Year
RO: Timpuri Noi Square, Phase 2 by Vastint Romania

Best of the Best Legacy (Reconstruction) Development of the Year
CZ: Dunaj Palace by ZEITGEIST

Best of the Best Warehouse Development of the Year
CZ: Urbanity Campus Tachov by Urbanity

Best of the Best Warehouse Buildup in Development of the Year
CZ: Urbanity Campus Tachov phase 2 (38,500 sqm) by Urbanity

Best of the Best Commercial Design FIT-OUT (Project) of the Year
RO: Coca Cola HQ @ Globalworth Campus B / Floors 4 & 12 by WEMAT Global

Best of the Best Constructor of the Year
RO: Bog’Art

Best of the Best Commercial Property Investment Transaction of the Year
PL: Silesia City Center by NEPI Rockcastle (EUR 405 million)

Best of the Best Commercial Property Lease Transaction of the Year
PL: The Bridge 24,500 sqm HQ Santander Bank Polska by Ghelamco

Best of the Best Local Commercial Real Estate Agency of the Year
RO: Fortim Trusted Advisors

Best of the Best International Real Estate Agency of the Year
CZ: CBRE

Best of the Best Law Firm of the Year
RO: Biris Goran

Best of the Best Performing Real Estate Property Fund of the Year
SK: Wood & Company

Best of the Best Tax & Finance Advisor of the Year
CZ: TPA

Best of the Best Architectural Firm of the Year
PL: APA Wojciechowski Architects

Best of the Best Project Management Company of the Year
RO: Optim Project Management

Best of the Best Property/Facility Management Company of the Year
RO: Colliers

Best of the Best Sustainable Systems Provider of the Year
RO: WIREN

Best of the Best Leadership of the Year
RO: Ema Iftimie, Globalworth

Best of the Best Overall Developer of the Year
RO: Speedwell

The HOF Awards are the grand culmination of the CIJ Awards series, a respected benchmarking platform within the CEE real estate industry. What sets the HOF Awards apart is its transparent and dynamic voting system, which combines the discerning judgment of a 37 member expert jury with input from CIJ’s regional readership base, representing voices from across Central and Southeast Europe.

Guests enjoyed not only the prestige of the awards but also a full evening of networking, gourmet cuisine, and live musical performances in a dazzling setting, creating the perfect backdrop for celebration and connection among industry leaders.

With the conclusion of yet another successful edition, the HOF Awards 2025 have once again confirmed their status as the premier real estate awards event in Central and Eastern Europe. Celebrating the visionaries, innovators, and market leaders who continue to shape the region’s built environment, the evening was a powerful reminder of the sector’s momentum and promise. As the lights dimmed and the final applause echoed through the venue, one thing was certain: the future of real estate in CEE is brighter than ever.

Looking ahead, the HOF Awards 2026 are set to expand their reach even further, with the competition welcoming nominees from five additional countries. The extended circuit will now include Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, and Slovenia—marking a bold step forward in uniting and recognizing excellence across the entire region.

About CIJ EUROPE:
For three decades, CIJ EUROPE has been a trusted source of news, analysis, and insight for the real estate and construction sectors across Northern, Central, and Eastern Europe. Covering new projects, transactions, and major development initiatives, CIJ EUROPE delivers in-depth reporting, expert commentary, and up-to-date market data, offering a comprehensive view of the latest trends shaping the industry. Through exclusive interviews with leading developers, policymakers, and public officials, the publication brings readers closer to the key figures driving change. Recognized for its credibility and depth, CIJ EUROPE remains an essential resource for professionals in the international real estate development community.

Kit-Go Klanica Ladilnik opens retail park in Strumica

North Macedonia’s food company Kit-Go Klanica Ladilnik opened a retail park in the city of Strumica, in the eastern part of the country.

The Symbol retail park covers an area of 25,000 square meters and created 250 new job positions, according to a municipality of Strumica press release.

The retail park encompasses stores, catering facilities and recreational facilities. The value of the investment was not disclosed by the company.

Leroy Merlin Romania moves its headquarters to Floreasca Park

Do-it-yourself retailer Leroy Merlin Romania is moving its headquarters to Floreasca Park and increasing its office space by about 70%. This is one of the largest rental transactions signed this year in the office sector.

Leroy Merlin Romania has rented 3,500 square meters on one floor of the Floreasca Park office complex, in northern Bucharest, which it will use as a service center for the company’s more than 200 employees in the financial, accounting and administrative areas.

The employees will move to Floreasca from an office building on Icoanei Street no. 11-13, in central Bucharest, where they occupied several floors and an area of about 2,000 square meters.

Source: Profit.ro

Duke hotels in the center of Bucharest have been sold

The law firm Filip & Company assisted Amstar Management in the transaction regarding the sale of two hotel units located in the center of Bucharest – the Duke Romană and Duke Armenească hotels.

“The hotel sector in Bucharest is in a period of active development, driven by the return of business tourism, the resumption of international events and the growing interest in city breaks. There is an increasingly intense competition for central locations, and investors are increasingly attentive to the potential for repositioning properties. Transactions in the hotel sector involve, beyond the classic real estate components, a good understanding of the operational specifics and industry regulations. We are glad that we were able to contribute to the successful conclusion of this transaction and we thank the clients at Amstar Management for the trust they have placed in us,” said Ioana Roman, partner and coordinator of the Real Estate department at Filip & Company.

The Filip & Company team involved in this transaction was coordinated by Ioana Roman (partner) and included Cristina Tudoran (partner), Alexandru Moraru (senior associate), Roxana Iordache (senior associate) and Alexandra Ionescu (associate).

Source: wall-street.ro

Artemis develops EUR 8 million factory for Mondo Style in Sânandrei

Swiss group Artemis, with real estate development activities in the industrial area, has started construction on an EUR 8 million factory for window and door manufacturer Mondo Style in Sânandrei, with which it has signed a ten-year lease agreement. This is the second factory that the Swiss are building for Mondo Style in the industrial park in Timiş County.

“We have obtained the authorization for a new industrial investment in Sânandrei. The factory will be built, customized for Mondo Style, with which Artemis has signed a 10-year lease agreement,” said Adriana Cioca, president of Artemis.

The Swiss are building the factory, which will have a footprint of 9,500 square meters on the ground, in the Artemis Industrial Park in Sânandrei, which covers 10 hectares. The factory where aluminum and PVC joinery will be produced will be ready at the end of February 2026.

Hagag Development Europe signs operating agreement with Radisson Hotel Group

Real estate investor-developer Hagag Development Europe consolidates its operations in Romania by expanding its presence to the hospitality segment. The company has selected Radisson Hotel Group as operator for its first hotel development in Bucharest, to open under the Radisson RED brand, and started the permitting procedure to revamp and repurpose its property on 5-7 Vasile Lascar Street, in central Bucharest.

This project will be developed following an over EUR 13 million investment, and involves the transformation of an office building dating back to the 1940s. Historically serving as the offices of the Institute of Hydroelectric Studies, the old office maze will be fully renovated and redesigned to provide 104 guest rooms in the historic Old Town area, offering guests a unique blend of modern amenities and historical charm.

“We have a lot of trust in the local hotel market and we believe that there is no better partner than Radisson Hotel Group to support our vision of transforming H Vasile Lascar into a lifestyle destination that will not only enhance our property’s value, but will revive one of Bucharest’s most elegant neighbourhoods. Our ambition is to offer stylish hotels with modern design and meaningful experiences, at a fair price, and we are delighted to see our properties being associated with one of the largest international hotel chains.”, Yitzhak Hagag, Co-founder and Chairman of Hagag Development Europe, stated.

The new Radisson RED Bucharest Old Town will be the first Radisson RED property in Romania and in Bucharest, which the Group has identified as a key city for growth.

Win Advisors, founded by Cătălina Roșu and Alina Vlădulescu, advised Hagag Development Europe in securing the debut of Radisson RED in Romania.

Schindler Romania moves its office to Business Garden Bucharest

Vastint Romania has concluded a new lease agreement of 1,160 sqm with Schindler Romania, Swiss manufacturer of elevators and escalators, who is relocating its headquarters to Business Garden Bucharest.

“We are thrilled to be moving into our new headquarters at Business Garden Bucharest. The fresh, contemporary setting is designed to energize our team and foster stronger collaboration with our partners. We see this move not just as a change of address, but as a launchpad for future initiatives and continued expansion of our team and our business in Romania. Also, sustainability plays a significant role in our business strategy, that’s why choosing Business Garden Bucharest was a natural fit – the buildings align perfectly with our commitment to eco-conscious operations. The location offers a forward-thinking workspace that’s recognized for its energy efficiency and low environmental footprint”, declared Alexandru Miu, Managing Director Schindler Romania.

The rental transaction was facilitated by CBRE Romania.

“We’re pleased to welcome Schindler Romania to Business Garden Bucharest—a company with a remarkable legacy and one of our most trusted partners in vertical transportation systems across our projects. As more international companies transition to premium office spaces, Schindler’s move underscores a strong alignment with our values of sustainability, efficiency, and employee well-being. Despite 2025 marking the lowest new office supply in Bucharest in two decades, and with many companies encouraging a return to the office, high-quality spaces are still available. We encourage those considering relocation to explore current options, as vacancy rates are declining and availability at Business Garden Bucharest is expected to be limited by year-end.” declared Sorin Macoveiu, Commercial Director of Vastint Romania.

Park Properties has begun the handover of the first apartments in SunLake Residence

Park Properties, the developer of the SunLake Residence complex, located on the shores of the Fundeni Lake in Bucharest, has started the handover of the 140 apartments, completed and fully sold, from the first two 12-storey buildings of the residential complex.

The first two buildings (Buildings A and B) of the three-building residential project have been completely sold before construction was completed. Since the beginning of April, new homeowners have started moving into their new homes in SunLake Residence.

“The SunLake complex consists of two completed 12-storey buildings and a future 18-storey building, scheduled to start construction in the near future. The total surface area of the residential complex exceeds 40,000 square meters, with a total market value of over EUR 40 million. The first two 12-storey buildings account for approximately half of this amount, representing a market value of around EUR 20 million. Most of the apartments in SunLake Residence are two- and three-bedroom properties, while the top two floors are home to 14 duplex penthouses with spectacular views of the lakes in the area”, said Alexandru Mănăilă, Managing Partner and shareholder of Park Properties.

SunLake features a private park and lakeside promenade, a playground overlooking the lake, generous green spaces, underground parking and apartments with spacious terraces overlooking the surrounding lakes. All 3- and 4-bedroom apartments have terraces ranging from 13 to 36 square meters overlooking the lake.

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