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.
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
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
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.
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.
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, 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.
Real estate developer One United Properties plans to launch construction soon on its new project on the site of the former Rocar bus factory in Bucharest’s Sector 5. Last month, the company acquired the 21-hectare industrial platform from Austrian investor Immofinanz, part of the CPI Property Group.
The developer intends to build a residential complex comprising approximately 3,000 housing units. The first phase is scheduled for completion in 2028.
“We believe this will be an attractive project for the market, offering starting prices of EUR 1,500 per square meter at launch—lower than many older apartments currently available in Bucharest and even cheaper than units in nearby communist-era buildings,” said Victor Căpitanu, co-founder of One United Properties.
In addition to housing, the project will include recreational and sports facilities, commercial spaces, a park, and other amenities.
Source: Profit.ro
The total volume of leasing activity in the industrial and logistics sector reached 204,400 sqm in the first quarter of the year, comparable to the record years 2023 and 2024, with Bucharest concentrating 62% of total transactions, CBRE Romania data shows.
Recent developments have delivered 67,500 sqm of new space, and another 300,000 sqm are expected by the end of the year, in a balanced pipeline that responds to the consistent demand coming from logistics, production and warehousing.
“The solid demand, spread across all regions of the country, and the interest of investors in Romania reconfirm our position as a strategic regional logistics hub,” points out Răzvan Iorgu, Managing Director & Head of Industrial & Logistics, CBRE Romania.
As for the retail sector, it continues to perform above expectations. The modern stock has grown to 4.51 million sqm, with deliveries of new retail parks, and by the end of 2025, another 188,000 sqm of commercial spaces are forecast.
“The Romanian retail market stands out not only for its robust pipeline, but also for the dynamism of local and international brands that are expanding their footprint, strengthening the attractiveness for investors,” adds Carmen Ravon, Head of Retail CEE, CBRE Romania.
STRABAG Romania, a subsidiary of European construction group STRABAG SE, closed 2024 with an order portfolio valued at EUR 653 million, representing a 32% increase compared to the previous year. Romania ranked among the group’s most dynamic markets, alongside Poland, Austria, and Slovakia.
At the group level, STRABAG SE reported a stable production volume of EUR 19.2 billion and a record order portfolio of EUR 25.4 billion, marking an 8% increase year-on-year. Net profit reached EUR 823 million, up 31% from 2023.
STRABAG has been active in Romania since 1991 and operates across key construction sectors, including road infrastructure, civil engineering, real estate development, and environmental projects. The company maintains regional offices in Bucharest, Timişoara, Cluj, Iaşi, Braşov, and Sibiu.
