NestPlus Builds the Largest Street mall in Brăila with Investments of EUR 17 million

The Romanian real estate group NestPlus, through its NestPlus Plaza division, has signed a 10 million euro investment loan with Exim Banca Românească for the construction of Brăila Plaza, the largest street mall in the city of Brăila, an investment worth a total of EUR 17 million. The completion and occupancy of the commercial spaces are scheduled for 2026.

Brăila Plaza is part of a shopping center of approximately 17,000 sqm, developed in stages on the former Promex industrial platform in northern Brăila, where Kaufland and Lidl recently opened their own stores, and Penny is present in the immediate vicinity. The new gallery, with a leasable area of approximately 9,000 sqm, will complete the complex.

The commercial mix is built around international chains present in Romanian retail — Action, JYSK, Pepco, Sinsay, dm, Dr. Max and TEDI — along with a 18 GYM fitness center and a food court with terraces, with a Burger King in drive-thru format and the Mesopotamia restaurant. Part of the gallery is reserved for local businesses.

Source: economica.net

Accor Announces the Opening of Mercure hotel in Oradea

Accor announces the opening of Mercure Oradea, a new hotel located in the western area of the city, an investment of approximately EUR 15 million.

“As the first Mercure address in the city, this new hotel marks an important step in consolidating our presence in Romania and connecting Oradea to the international travel circuit,” says Andrii Davydenko, Vice President Operations, Ukraine & Romania, Accor.

Mercure Oradea will operate under a franchise agreement with Grand Hotel West, a company controlled by Rareş Dacian Ticra, Bogdan Andrei Ticra, Dana Ticra and Andreea Copos.

The hotel has 90 rooms, including classic, privilege and suite rooms. Several rooms have private balconies, and some suites include spacious terraces with private outdoor jacuzzis.

One United Properties Reports Residential Transactions of EUR 106 million in H1/2026

One United Properties recorded residential transactions in the first half of 2026 totaling EUR 106.1 million, including sales, pre-sales and reservations for 229 residential and commercial units, with a total area of 25,221 square meters, as well as 396 parking spaces and storage spaces.

In the same period, the average price of contracted units reached 3,853 euros/sqm, up 24% compared to the first half of 2025.

As of June 30, 2026, 75% of all units under construction were already contracted, and the company still had 1,002 units available for sale in projects under development and another 158 units in projects already completed. To expand its portfolio, the developer plans to launch the One City Club, One Cotroceni Towers and One Park Lane projects in Bucharest, as well as One Riverfront in Sibiu, in the second half of the year.

Over EUR 500 bln in Financing Granted for Residential Projects in 2026

The first seven months of 2026 were prolific for the segment of corporate financings approved for the development of residential projects, with a total volume estimated at over half a billion euros, according to an analysis carried out by real estate consultant SVN Romania, based on public data and information from the banking sector.

Thus, in 2026, financings worth EUR 247.1 million were announced for the development of more than 13 residential projects in Bucharest and in the country’s main regional markets, such as Brasov, Cluj-Napoca and Timisoara. SVN Romania’s estimates, based on data from its own portfolio and from the financial and banking sector, indicate, however, a volume at least twice as high of corporate financings approved in 2026 for the development of residential projects in Romania. SVN provided business consultancy and financial brokerage services for corporate loans worth EUR 55 million in 2026, approved for the development of four residential projects in Bucharest.

“Financing institutions continue to have a strong appetite for funding residential projects under development, but our experience has shown us that superficially prepared business plans and unrealistic expectations in marketing and sales strategies are the most frequently encountered issues that make it more difficult or prevent corporate financing from being obtained. Viable projects that closely monitor costs during the development period and have a professional marketing and sales team obtain both financing and the expected sales results,” explained Catalin Marin, managing partner SVN Romania | Credit & Financial Solutions.

The number of homes sold in the first six months of 2026 in the Bucharest–Ilfov region was only 1.4% lower than the figure recorded in the same period last year, while residential sales recorded nationally over the same period decreased at an annual rate of almost 9%, according to data from the National Agency for Cadastre and Land Registration.

15,939 Building Permits for Residential Buildings Issued in H1

The number of building permits for residential buildings issued in the first six months of 2026 was 15,939, down 9.6% compared to the same period in 2025, informs the National Institute of Statistics.

According to the INS, decreases were recorded in the West (-429 permits), North-East (-400), South-East (-293), North-West (-282), South-Muntenia (-232) and Center (-147) development regions. Increases were recorded in the South-West Oltenia (+47 permits) and Bucharest-Ilfov (+36) development regions.

In June 2026, 2,960 building permits for residential buildings were issued (+2.7% compared to May 2026), with a total usable area of 975,756 sq m (+18.2%). Of the total building permits for residential buildings, 68.7% are for rural areas.

This increase is reflected in the following development regions: South-Muntenia (+52 permits), North-East (+48), North-West (+45) and South-West Oltenia (+7). Decreases were recorded in the following development regions: South-East (-43 permits), Bucharest-Ilfov (-22) and West (-9). The Center region remained at the same level.

Rituals Store Chain Expands with Four new Stores

The Rituals store chain continues its expansion in Romania and is preparing to open four new stores. The new stores will open in Balotești in DN1 Value Center, Galați Shopping City, Promenada in Craiova and Atrium in Arad.

The retailer has 15 stores already open locally, seven of which are in Bucharest.

Rituals Cosmetics will start in August to renovate 1,500 boutiques in 30 countries, following an investment of EUR 40 million. The transformation will take place in 30 days. All 15 Rituals stores in Romania will be included in the project.

Urban Spaces Launches New Residential Complex and Opens its first Investment Campaign

Urban Spaces, with four completed projects and around 200 apartments delivered since 2012, is launching its first financing campaign, together with Growceanu, the regulated private equity investment platform in Romania.

The round, open until September 30, offers access to Urban Spaces BTR, the build-to-rent component of the Urban Spaces Aviației project, a mixed-use complex of over 400 apartments with an estimated value of EUR 150 million. Investors on the Growceanu platform can participate with up to 20% of the company’s capital, or 1.3 million euros, on the same terms as the founders.

“We are opening for the first time the opportunity for investors to participate with us in the development of an Urban Spaces project, through a regulated investment platform,” said Gavril Zaharia, CEO and co-founder of Urban Spaces.

Source: Profit.ro

Diehl Aviation Opens New Production Facility in Craiova

Diehl Aviation has officially opened a new production facility in Craiova, Romania, at a site developed by Global Vision.

Global Vision managed the development of the project, including negotiating and signing the long-term lease agreement with Diehl Aviation, overseeing construction from the shell-and-core phase through to the interior fit-out, and arranging the project’s financing.

To support the development, Global Vision Investment Fund (GVIF) secured a €12.7 million financing package from Banca Comercială Română (BCR), comprising a development loan and an additional top-up facility. The project also includes a rooftop photovoltaic system designed to reduce energy costs and support the tenant’s sustainability objectives.

Sorin Preda, Founder and CEO of Global Vision, said the investment reflects the company’s focus on developing long-term industrial assets for established occupiers. He added that Diehl Aviation’s new facility strengthens the company’s industrial portfolio while contributing to Romania’s manufacturing sector.

The facility is located within Craiova Business Park and provides approximately 12,000 sqm of space on a 33,500 sqm site, including 2,500 sqm of Class A office accommodation. The plant will manufacture components for commercial aircraft programmes.

Concentrix Opens New Headquarters in Pipera

The American outsourcing company Concentrix will move its Romanian headquarters to the Oregon Park complex, in the Pipera area, starting this fall, following one of the largest office rental transactions this year, according to market sources.

Concentrix’s Romanian headquarters is to be moved to a new 5,200 square meter office space in the Oregon Park complex, which will accommodate around 500 workstations. The American giant will move into the spaces previously occupied by Oracle.

“I can confirm that there are advanced discussions regarding a possible relocation to Oregon Park in the third quarter, but the contract has not yet been signed. For this reason, and given the confidentiality specific to such agreements, we cannot confirm at this time specific details related to space, number of workstations and other associated plans, until final validation by the legal departments of both parties,” Carmen Pufan, Associate Director, Regional Marketing CEE at Concentrix, told Profit.ro.

After completing the transaction with Concentrix, the investment fund Lion’s Head Investments will reach a 100% occupancy rate with the Oregon Park complex it owns.

Source: Profit.ro

LPP Logistics Opens New Warehouse near Bucharest

LPP Logistics, the company that provides logistics for the Reserved, Cropp, House, Mohito and Sinsay brands, is expanding its operational capacities in South-Eastern Europe by opening a distribution center near Bucharest.

The unit, with an area of 56,000 sqm, serves the LPP Group stores in Romania, Bulgaria and Greece. An additional advantage of the location is its proximity to the port of Constanta, which streamlines the organization of deliveries by sea.

The launch of the new center also marks the completion of the reconstruction of the logistics infrastructure following the fire that occurred at the warehouse last year.

“The launch of the new distribution center just one year after the decommissioning of the previous warehouse demonstrates the operational efficiency of LPP Logistics and the ability of our team to quickly rebuild the infrastructure essential for business continuity. An important aspect is that we did not limit ourselves to restoring previous capacities, but launched a modern unit prepared for the future expansion of the LPP Group, especially the Sinsay brand. Currently, we are already able to simultaneously serve over 450 stores, and following the planned expansion, we will double this capacity,” said Sebastian Sołtys, CEO of LPP Logistics.

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