Crocs to open new stores in Palas Iași and RIVUS Cluj-Napoca

Footwear brand Crocs is expanding its presence in Romania with two new store openings. The company will launch its first location in the North-East region at the Palas Iași complex, marking its fifth store in the country. The opening is part of a new phase of redevelopment at Palas, guided by a design concept from the architecture firm Foster + Partners.

In addition, Crocs will open a store in the RIVUS mixed-use redevelopment project currently under construction in Cluj-Napoca.

“Palas Iași is a dynamic retail destination that combines fashion, lifestyle, and entertainment, making it a suitable location for Crocs,” the company said in a statement. “This store provides an opportunity to connect with a diverse community that values comfort, individuality, and fun—qualities central to the Crocs brand.”

Ambito expands its scope of services in real estate sector

Ambito, a company specializing in electrical installation design and implementation, is broadening its role in the real estate sector by becoming a general contractor for installation works in both residential and commercial buildings.

The company oversees technical projects from initial concept through execution to final delivery. Its services include integrated solutions for fitting out commercial spaces, covering design, construction, and maintenance tailored to individual client requirements.

Founded in 2007, Ambito has participated in the development of electrical installations for more than 7,000 housing units and over 250 commercial spaces. It has also completed full fit-outs for more than 60 retail stores, managing the process from design to execution. Additionally, the company has contributed to public lighting installations in over 20 towns in Romania.

“This year marks a stage of maturity for our company, which we acknowledge through a rebranding and internal restructuring,” said Robert Dorobanțu, CEO of Ambito. “We remain focused on providing technical solutions that meet the needs of each project and partner.”

Ambito has been involved in various projects in Bucharest, including Nusco City, Cloud9 Residence, Gate Office Building, Cyberjump, Douglas Perfumery, Jolie Village, Nusco Green Homes, and Politehnica Business Tower.

The company recently completed a rebranding process, led by brand strategist Mugurel Frîncu, transitioning from its previous name, Smart Lighting & Installations, to Ambito.

Albania’s planning agency approves Jared Kushner resort project

Albania’s territorial planning agency has granted a preliminary approval for a tourist project which Donald Trump’s son in law, Jared Kushner, is planning to develop on Sazan island, according to prime minister Edi Rama.

“It has received an approval in principle, an approval from the National Territorial Council to begin with. It will come back for a second approval, as required by law, and it will move forward,” Rama said.

Kushner must now submit technical documentation, detailed plans, environmental studies, ownership records, and territorial impact assessments to the agency in order to obtain a final approval.

The project with an estimated investment value of EUR 1.4 billion will be built on an area of 45 hectares.

Prime Batteries Builds New Factory in Cernica, Plans Additional Investment in Fundulea

The Romanian manufacturer Prime Batteries Technology, founded and controlled by the Romanian entrepreneur Adrian Polec, wants to build another factory, 200 meters away from the production unit already operating in Cernica, in order to expand production capacity and add new technological processes.

The new factory will include 3 buildings, one with 3 floors, another with 2 floors and a production and storage hall. The construction of these buildings alone, without equipment, costs around EUR 2.5 million.

In parallel, the company is preparing the construction of a factory in Fundulea, a giant investment, and construction works will begin in the coming period. Polec owns an 8.8-hectare plot of land on which it has authorized the construction of a new factory with a total capacity of 6 GWh, an investment of around EUR 700 million.

Source: Profit.ro

Building Permits for Residential Projects Rise 2.8% in Q1 2025

The number of building permits issued for residential buildings increased in the first three months of 2025 by 2.8%, to 7,630 permits, with increases recorded in the West (+155 permits), Center (+104), Southwest Oltenia (+35), Northwest (+32), Bucharest-Ilfov (+11) and Southwest Muntenia (+4), according to INS data. In contrast, decreases were recorded in the Northeast (-125 permits) and Southeast (-8) regions.

In March 2025, 3,095 building permits for residential buildings were issued, up 18.3% compared to February 2025 and 1.9% compared to March 2024. Of the total building permits for residential buildings issued in March, 69.4% are for rural areas. Thus, compared to March 2024, this year both the number of permits and the total usable area increased (+1.5%).

ebm-papst to invest EUR 30 million in new manufacturing plant and R&D center

The German group ebm-papst is accelerating the development of its operations in Romania through a strategic investment of EUR 30 million in a new production facility and a research and development (R&D) center in Oradea, on a 5.5-hectare plot of land acquired from the municipality. Completion of construction is estimated for May 2026.

In the first phase, the project will include a production hall, an office area, a warehouse and a service center that will also integrate an R&D hub, dedicated to the development of air technology. In the future, the company has foreseen the possibility of expanding the construction by another 10,000 square meters.
By 2030, the company aims to double the local workforce, from the current 500 employees to almost 1,000, of which 250 will work in the service center and 750 in production.

NBI: Almost half of the apartments purchased in Q1 in Bucharest are taken as an investment

The residential market in Bucharest remained on an upward trend in the first quarter of 2025, with the most dynamic area being the north of the capital – Floreasca, Aviaţiei, Pipera, Domenii, shows a study conducted by North Bucharest Investments.

NBI figures show that individual investors have the largest share among buyers, with 47%, in second place are people who purchase an apartment as a home, with 38%, and 15% represent relocations and corporate acquisitions. In general, homes under EUR 250,000, placed in locations with metro, international schools and with Aibnb potential for use, with a gross yield of 6-7%.

Across the entire Romanian real estate market, 161,842 transactions were completed in Q1 2025, up 4.5% compared to the same period in 2024.

“The results from the first part of the year demonstrate that the local residential market continues its maturation process, now reaching a much more settled and stable stage. At the same time, in a global market in constant change and transformation, developers maintain the accelerated pace of adaptation to new customer requirements. The share of real estate investors is directly proportional to the current stage of the market,” said Vlad Musteaţă, CEO of NBI.

Victor Terhes, Sales Director, BELLEMONDE, speaker at CEDER 2025

Victor Terhes will be part of the speakers formula this year at CEDER Real Estate Conference & Exhibition, to take part on 13th of May, at Radisson Blu Hotel, in Bucharest.

Victor Terhes is a results-driven real estate professional with over 15 years of experience in real estate – sales, development, investment, and portfolio management.

Since October 2022, he has served as Sales Director at Bellemonde, where he has played a pivotal role in driving market success for the premium residential project in northern Bucharest.

Victor previously held senior roles in actual group, contributing to key projects such as Belvedere Residences, Above Estate, Zenville, and Iqon, and at Prime Kapital, between 2020-2022, where he was involved in Avalon Estate and Marmura Residence.

Known for his strategic approach and hands-on experience, Victor combines expertise in both boutique and large-scale developments, establishing himself as a trusted leader in the premium real estate market.

CEDER Conference & Exhibition will take place on 13th of May, at Radisson Blu Hotel, in Bucharest. With key property professionals gathered in a single venue, CEDER is a very powerful networking and marketing opportunity. For tickets reservations, please check our website: https://lnkd.in/dTRWhMB7

This year Romania will be honorary country to host the 10th edition of the prestigious Best of the Best Hall of Fame Awards (HOF Awards) which is the climax of the CIJ Awards series, putting the winning projects and companies from around Central & Eastern Europe against each other to determine who the Best of the Best really are. The HOF Awards will take place in the afternoon during CEDER Conference and Exhibition.

CEDER 2025 confirmed Partners are: WDP – Warehouses with brains, CPI Property Group | Romania, AFI Europe Romania, IULIUS, Revetas Capital, SPEEDWELL Development, Hagag Development Europe, Alesonor Real Estate Development, Bellemonde, Stratulat Albulescu Attorneys At Law, Paval Holding, NEPI Rockcastle, Filip & Company, EVO Properties, Anchor Grup SA, NNDKP, KUZIINI, Nhood Services Romania, Wiren, Vastint Romania, RRG – Real Estate Group, Popovici Nitu Stoica & Asociatii Crosspoint Real Estate, Lion’s Head, Coral Companies, COS, Carbon Tool, THETA Furniture & More, THE CONCEPT, RENOMIA Romania Gallagher, Optim Project Management, WeMat, Țiriac Imobiliare, Safety Approach, Alukönigstahl Romania, Imobiliare.ro , Cushman & Wakefield Echinox , Brisk Group, DRS Architects, PRIMA Development Group, Notarial Office EQUITY, Miss Green.

iO Partners launches Asset & Portfolio Sustainability Services

iO Partners and Walvius Partners announce an exclusive cooperation agreement to integrate Walvius Partners’ Energy & Sustainability services into iO Partners’ commercial real estate advisory offerings across the CEE region.

Developed with the embedded expertise of Walvius Partners, the Asset & Portfolio Sustainability Services expand iO’s offering to include integrated support around energy efficiency, environmental performance, and broader sustainability strategies, fully incorporated into its real estate advisory model.

The creation of the Asset & Portfolio Sustainability Services unit marks an important step toward iO Partners’ goal of being a true one-stop CEE advisory provider, with sustainability now embedded directly into the value proposition offered to clients. For Walvius Partners, the collaboration opens new opportunities to apply its specialist knowledge within the commercial real estate sector, supporting clients in the transition to more resilient, efficient, and sustainable assets and portfolios.

Charles Boudet, CEO, iO Partners: “Embedding sustainability and energy efficiency in our service offering will help our clients build more resilient Assets and Portfolios, protecting value, reducing operating costs, preparing for incoming regulations and aligning with future user’s expectations.”

Steffen Walvius, Founder, Walvius Partners: “By joining forces with iO Partners, we have the opportunity to bring practical, targeted sustainability expertise into the heart of real estate decision-making. Our goal is to help clients achieve real progress on energy efficiency and environmental performance, while enhancing the value and resilience of their assets.”

Iulius Group attracts EUR 400 million financing for the Rivus project

Rivus Investments, of which Iulius and partner Atterbury each hold 50%, has attracted financing of EUR 190.3 million, part of a EUR 400.6 million loan, from the European Bank for Reconstruction and Development. The money is intended for the development of the real estate project in Cluj-Napoca, which will be built in place of the Carbochim factory.

“The financing is structured as a senior secured loan, divided into two components: an “A Loan” worth up to EUR 122.8 million, granted directly by the bank from its own funds, and a “B Loan” of EUR 57.5 million, financed by participating commercial lenders. The loan is part of a larger financing, worth a total of EUR 400.6 million, within a club deal supported by several lenders in parallel,” the EBRD announcement states.

The Rivus project will have a mix of functions such as: retail, cultural, office, entertainment, services, park and relaxation spaces and involves an investment of EUR 500 million.

Source: economica.net

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