All posts by tudor@cijeurope.com.

REDPORT Appoints Sorin Ioan Blaga as Chief Commercial Officer

REDPORT strengthens its top management team by appointing Sorin Ioan Blaga as Chief Commercial Officer (CCO). His mandate will focus on coordinating the company’s commercial strategy, defining and implementing marketing and sales directions for current and upcoming projects, and strengthening relationships with strategic partners and investors.

“I am glad to join REDPORT at a time when the company is on an accelerated growth path. The diversification of the portfolio with projects that open up new areas—such as VITALITY EST, alongside the emblematic developments in northern Bucharest, INFINITY NORD and THE LEVEL APARTMENTS—marks a new stage for REDPORT, where a solid commercial strategy will be essential. I strongly believe that commercial success is based on a deep understanding of the market, strong partnerships, and constant attention to people and communities. My experience in real estate and other dynamic industries will help strengthen the REDPORT brand and turn our projects into landmarks for the entire Romanian real estate market,” stated Sorin Ioan Blaga, Chief Commercial Officer, REDPORT.

Cluj’s First Accor Hotel Delayed for Two Years 

The project for the first hotel operated by the international Accor group in Cluj-Napoca, an ibis Styles on Calea Baciului 2-4, has accumulated significant delays. Although originally announced to open in April 2025, the investment is only at the urban planning approval stage.

The beneficiaries are the Amera Group and Premiot Amera Hotels, which have signed a management agreement with Accor.  Although the partnership with Accor was announced as far back as 2023, the project has not progressed on schedule. Urban planning procedures, permits and public consultations have extended deadlines and the construction site has not yet started.

Thus, the opening of ibis Styles Cluj will be pushed back by at least two years from the original plan.

Sema Real Estate Announces First Investment in Apartments

Sema Real Estate, a company owned by businessman Ion Rădulea, announces its first investment in apartments on the land of the former Semănătoarea factory in Bucharest.

Sema Real Estate will invest EUR 55 million  in the first phase of the Sema Home project alone, which will have 301 apartments. In the second phase, two 11-story high-rise buildings will be built, with almost 400 apartments and 516 parking spaces, which will make the investment for the two phases exceed EUR 100 million.

Prices for a studio apartment start at EUR 131,700, for two-room apartments from 166,400 euros, for three-room apartments from EUR 225,800, and for four-room apartments, prices start at EUR 305,500. VAT is added to these prices.

Source: economica.net

Impact to Build Three New Access Roads in Greenfield Complex in Băneasa

Real estate developer Impact will build three new access roads in the Greenfield residential complex near the Băneasa forest, in which it will invest over EUR 2 million.

The amount will be fully borne by the developer, and work on the new access roads will begin immediately after obtaining building permits.

“The three additional access roads in the Greenfield Băneasa neighborhood are concrete steps (…). These are in addition to the over 18 kilometers of roads that we have developed in the neighborhood over time, the entire utility infrastructure, but also the commercial, educational and leisure facilities that we have built or contributed to in recent years. We continue to invest in this neighborhood, for the good of the community of over 7,000 inhabitants and we appreciate the support of the authorities in these efforts”, said Dan Sebastian Câmpeanu, CEO Impact Developer & Contractor.

NEPI Rockcastle Completes First Stage of Modernization of Promenada Mall’s Foodcourt Area

NEPI Rockcastle completes the first stage of modernization of the foodcourt area in Promenada Mall. The redevelopment began this summer, is being carried out in stages and will be completed in 2026. With the completion of the first stage of the redevelopment process of the foodcourt area, Promenada Mall adds eight new names to the list of tenants. In addition, three restaurants are reopening in modernized spaces.

The 22 malls of the South Africans from NEPI Rockcastle brought them almost EUR 300 million  last year, 12.4% more than the previous year’s result and remain the leaders of this real estate sector. Store sales (excluding hypermarkets) in NEPI malls increased by 8.5% compared to 2023.

Source: Profit.ro

Saiv Global Has Officially Launched in Romania

Saiv Global, a new real estate consultancy company, has officially launched in Romania, introducing an integrated approach that combines real estate expertise with organizational transformation and strategic execution.

The company is founded by Ștefan Gheorghiu, who brings nearly three decades of international leadership experience in real estate, construction, and corporate services and has been involved in projects and transactions totalling over $2 billion in assets.

“Saiv Global is a new company, but the services we offer are the result of over 20 years of international strategic real estate consultancy. In my role as Senior Global Real Estate Consultant, I’ve managed to significantly reduce costs for multiple companies while aligning their spaces with their business goals, which ultimately led me to discover a market opportunity to build a customized platform that helps companies take the next step in reducing the cost of their real estate portfolios,” said Ștefan Gheorghiu, Founder & CEO of Saiv Global.

COMPA SA Announces the Launch of ARSENAL RESIDENCE – Phase II

COMPA SA, one of Romania’s largest automotive components manufacturers with fully Romanian capital, announces the second phase of ARSENAL Residence, a large-scale residential development located in the heart of Sibiu, right next to Sub Arini Park. The total investment will exceed EUR 30 million.

With a total area of 29,702 sqm, ARSENAL Residence will be developed in three stages.

The first phase has already been completed and includes four buildings, each with 10 apartments. The second phase, already 30% sold, comprises four buildings with 17 apartments each, along with three commercial spaces. The third phase, currently under design, will expand the development with an additional residential area and modern office buildings.

Phase II includes the construction of 68 apartments with 2, 3, and 4 rooms – including penthouse units – complemented by ground-floor commercial spaces that will later accommodate various service and retail functions based on market demand. The complex offers both underground and above-ground parking with lift access, while its central location ensures residents quick access to schools, kindergartens, sports facilities, and hospitals.

The Concept is the official sales representative for Arsenal Residence.

“Arsenal Residence is one of Sibiu’s most important residential developments and a great example of smart reconversion of a central area with access to one of the city’s most valuable resources – Sub Arini Park. We are honored to be the official sales partner and to bring to market an offering that combines a premium location with a modern, functional, and high-quality architectural concept,” said Daniel Tudor, Founding Partner & CEO – The Concept.

Merchant Dimitrie Petrescu’s House Acquired by Sector 1 Local Council

The Merchant Dimitrie Petrescu’s House, a heritage property located on Calea Griviţei no. 115, has been acquired by the Sector 1 Local Council for EUR 1.7 million to be transformed into an educational and cultural center, announced the Romanian branch of Sotheby’s International Realty.

Built in 1895 by merchant Dimitrie Petrescu, the building is an architectural landmark of late 19th-century Bucharest. With a land area of ​​682 square meters and a built-up area of ​​1,656 square meters, it has a market value of over EUR 2.1 million, according to the standards of the National Association of Authorized Appraisers of Romania (ANEVAR).

The property currently has an architectural project for the restoration of the facade, interior redevelopment and the transformation of the attic into a loft.

Splendid Hotel in Eforie Sud is Up For Sale

The Splendid Hotel in Eforie Sud, located on Falezei Street, is up for sale.

The complex is located on a 3,745 square meter plot of land, being built on its entire surface. The building has a constructed floor area of ​​3,745 sqm and includes: Hotel with 25 rooms, each with private bathroom; 3 spacious apartments with private bathrooms; Generous restaurant with a seating capacity of at least 100; Fully equipped kitchen and storage space; Parking spaces, annexes and outbuildings.

The property is 100% functional, operating at full capacity in season. The owners are asking for EUR 1.6 million for the property.

SkyTower Advances Modernization of Common Areas in Bucharest Tower

SkyTower Bucharest has completed a significant phase of refurbishment and modernization works across its common areas, marking another step in the tower’s long-term investment program. The latest project involved the full renovation of the elevator lobbies on all 35 floors, from the first to the top level, representing a seven-figure investment in euros.

This upgrade follows a series of modernization initiatives undertaken in recent years to enhance both functionality and user experience within the building. Previous works have included the transformation of part of the outdoor esplanade into the SkyTower Urban Garden—an award-winning green space recognized for its design and architecture—and the conversion of a former cafeteria into the SkyHub Events Centre, a multifunctional community area with the first integrated auditorium in an office building in Bucharest.

SkyTower has also redesigned its main lobby, introducing a six-meter-tall LED screen that serves as a visual centerpiece, alongside the creation of the CAFELIER café as a new social and meeting point for tenants and visitors.

Leo Forstner, Managing Director of RPHI Romania, which owns SkyTower, said the ongoing modernization reflects the company’s strategy to maintain the tower as a benchmark in the capital’s office market. “Through these constant investments, SkyTower Bucharest is consolidating its position as a landmark in the Bucharest office market, offering companies an environment adapted to new trends and employees’ needs—from connectivity and flexibility to design and sustainability,” he stated.

With these upgrades, SkyTower continues to strengthen its reputation as one of Bucharest’s most advanced office buildings, combining architectural innovation with a focus on comfort and community.

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