Prima Development Group Attracts EUR 37 mln Financing from Banca Transilvania for Residential Project in Bucharest

Real estate developer Prima Development Group from Oradea has attracted EUR 37 million financing from Banca Transilvania for the construction of the first two phases of the Prima Solis residential complex, developed on the former Antrefrig platform, in eastern Bucharest, a project that will include almost 1,700 apartments upon completion.

According to the developer, almost half of the apartments in the first phase of the project have already been contracted six months after the launch of sales.

“In a market that is maturing and in which access to bank financing has become a credibility test for developers, the support of a solid financial partner is also a confirmation of the solidity of our project,” adds Adrian Stoichină, co-CEO of PRIMA Development Group.

The complex is being developed according to the nZEB (Nearly Zero Energy Building) standard, which requires low energy consumption and high energy efficiency.

IKEA Opens Planning Studio and Order Pickup Point in Grand Arena complex

Swedish furniture and interior design retailer IKEA is expanding its presence in Bucharest and will open a Plan & Order Point, dedicated to planning interior design projects, and a Pick & Point, intended for order pickup, in the Grand Arena shopping center.

The transaction was brokered by real estate consulting company Cushman & Wakefield Echinox.

The new Plan & Order Point, with an area of 405 square meters, is the second such IKEA concept in Bucharest and offers consulting services for home design, as well as the possibility of configuring and ordering furniture.

The Pick & Point has an area of 283 square meters and will function as an order pickup point for products ordered online or by phone.

tbi bank Grants EUR 7.85 mln Financing to REDESIGN for Stejeriş project in Braşov

tbi bank grants a financing of EUR 7.85 million to the real estate developer REDESIGN, for the completion of the first buildings related to phase 2 of the Stejeriş project in Braşov.

Phase 2 of the Stejeriş project is being developed on a plot of land of over 15,000 square meters and will include, in total, 11 boutique buildings, comprising a total of 81 residential units from 2 to 5 rooms. The value of this phase is estimated at EUR 26 million.

The first development within the Stejeriş residential concept was carried out in the period 2018-2022 and included eight buildings, following an investment of approximately EUR 17 million.

REDESIGN started as an architecture office with projects carried out both in Romania and on international markets in Western Europe and Asia. The company entered the local residential development market in 2013.

Hilton Opens its First Hotel in Brașov

The international hotel brand Hilton has officially entered the Brașov market with the opening of its first hotel in the city, Hilton Garden Inn Brașov. The new unit is developed by CS BEST HOSPITALITY SRL and managed by Apex Alliance Hotel Management.

The hotel features 156 rooms structured into eight accommodation types, including accessible rooms, family rooms, and studios with integrated kitchens. Rates start at EUR 100 per night, excluding local taxes and additional service charges. Located opposite the future multi-purpose arena, the property ensures easy access to the Old Town, Poiana Brașov, Bran Castle, and Brașov-Ghimbav International Airport.

For the corporate segment, the hotel offers a 495 sqm conference center consisting of five rooms, including a 280 sqm modular ballroom that can host up to 300 participants. Additional facilities include the Nostrum Mediterranean restaurant, a wellness area with three types of sauna, a 24/7 fitness center, and a 65-space outdoor parking lot with charging stations for electric vehicles.

Tatika Investments Acquires Sheraton hotel

Tatika Investments Limited, a Cyprus-registered company controlled by the Popoviciu family and Radu Dimofte, has taken full control of Grand Plaza Hotel S.A. in Bucharest, the company operating the five-star Sheraton hotel. The transaction was completed through the acquisition of the 25% share package previously held by Tresela Investments Limited.

Following this transaction, Tatika Investments currently owns all 1,748 shares of the company, representing 100% of the share capital, valued at EUR 3.72 million.

Grand Plaza Hotel S.A. recorded a turnover of EUR 12.2 million and a net profit of EUR 1.62 million last year, operating with an average of 201 employees. The Sheraton hotel, one of the largest accommodation units in the capital, features 270 rooms and 11 conference rooms.

For the current year, the company has launched a room modernization project involving a total investment of EUR 6 million. Additionally, the hotel operator owns a plot of land adjacent to the Sheraton hotel, where it plans to develop a new five-star property with a capacity of over 100 rooms, with the project currently undergoing approval.

ANCPI Disruption Comes as the Residential Market Rebounds, with Effects rippling across the Entire Economy

The cyberattack that took ANCPI’s systems offline occurred amid a sustained recovery in the residential market. After a difficult start to the year, when apartment transactions declined by 16.6% in the first three months compared with the same period in 2025, April, May, and June recorded three consecutive year-on-year increases of 2.2%, nearly 16%, and more than 26%, respectively, according to ANCPI data compiled by Crosspoint Real Estate, the International Associate of Savills in Romania.

One week after the cyberattack, Land Book excerpts and property title registrations, the documents without which no transaction can be completed, remain unavailable. The blockage comes just days before August 1, the date on which VAT rises from 9% to 21% for new homes pre-contracted before August 1, 2025 and for which a 20% down payment has been paid. The additional cost may reach €14,000 for a single unit.

“The impact of the ANCPI crisis already extends beyond the VAT-related tax implications. Any document that depends on Land Book excerpts or property title registration is on hold. The delays are also affecting permitting documentation and the entire transaction chain, not only the signing of the sale agreement”, said Oana Popescu, Head of Residential at Crosspoint Real Estate. “If the disruption lasts more than two weeks, the risk increases significantly. Buyers begin to have doubts, explore other offers and question whether they agreed to the right price. These are emotional reactions and they may lead to the cancellation of transactions that would otherwise have been completed”, Oana Popescu added.

For buyers already under a pre-sale agreement, the effects are already visible. Contracts fall under force majeure and require addenda. Because transactions are usually conducted in euros, any exchange rate fluctuation during this period adds a financial risk on top of the administrative one.

“Beyond the residential market, the effect is broader. When real estate transactions get stuck, the money that should have been invested there doesn’t automatically flow elsewhere in the economy. It’s a broken cycle, with an indirect impact on consumption as well”, concludes Oana Popescu.

Mogo Romania Relocates to Business Garden Bucharest

Mogo Romania has nearly tripled its office footprint, relocating from Timpuri Noi Square to Business Garden Bucharest as part of its continued business growth.

After occupying approximately 380 sqm at Timpuri Noi Square, Mogo Romania has relocated to a new office of approximately 1.000 sqm at Business Garden Bucharest, ensuring room for future growth.

“Signing a lease is only the beginning of the relationship we aim to build with our tenants. Our ambition is to support them over the long term, adapting to their changing business needs as they grow. Mogo Romania’s decision to expand within our portfolio is a strong example of this approach in practice. By developing complementary office projects, we can offer our partners the flexibility to relocate, expand or optimize their workspace while remaining within the Vastint Romania ecosystem, without compromising on quality, sustainability standards or the overall workplace experience,” said Maria Badea, Senior Leasing Manager Vastint Romania.

Hagag Bets on Energy Businesses in Romania

Real estate developer Hagag Europe estimates that the energy sector will become one of its main business lines in Romania, complementing real estate development operations.

“We see energy becoming a strategic pillar for the group in Romania. While it will develop in parallel with our real estate operations, it will not compete with them. The objective is to build complementary business lines that share the same investment philosophy: long-term relevance, disciplined execution and assets that create value beyond the immediate market cycle,” said Yitzhak Hagag, co-founder and chairman of the board of directors.

The group entered the energy sector last year, through the acquisition of Romanian natural gas distributor and supplier BTD Distribuţie și Furnizare and the launch of its local division, Hagag Energy. The company plans to invest over EUR 400 million in the coming years to expand in this sector.

Source: economica.net

Primark Opens new Store in Shopping City Sibiu

Primark has opened its first store in Sibiu, located in Shopping City Sibiu, following an investment of over EUR 8 million. The new store has a sales area of over 2,300 square meters, spread over a single level. With this opening, over 100 new jobs have been created.

The opening takes place just one month after Primark entered the Craiova market. By the end of 2026, new stores are planned in Iași and Bacău, as well as a third store in Bucharest, at Sun Plaza. Thus, the Primark network in Romania will reach nine stores.

“The opening of the Primark store at Shopping City Sibiu reconfirms NEPI Rockcastle’s commitment to bringing the most relevant and appreciated international retail brands to its portfolio. Thus, we develop commercial destinations that meet the expectations and needs of local communities. We are delighted to welcome Primark to Sibiu and are confident that the brand will quickly become one of the favorites of residents throughout the region,” says Ramona Marusac, Regional Head of Leasing, NEPI Rockcastle.

Stoian Brothers Invest EUR 10 million in new Logistics Center

Brothers Andrei and Cătălin Stoian are moving the logistics activity of the Josi group from Bucharest to a new warehouse in Ștefăneștii de Jos, which they will soon begin to build, a project valued at about EUR 10 million, which also ensures the future expansion of the company.

The entrepreneurs bought a plot of land measuring about 3.7 hectares last year and are now in the process of preparing the construction of a hall measuring about 6,000 square meters. Construction is expected to begin in August of this year.

The new hall will have, in addition to the actual storage space, a packaging, repackaging, labeling section, automated with packaging and palletizing robots. Once the warehouse is completed, Josi’s logistics activity will be moved from the cold storage platform located on Fântânica Street, in the Bucharest neighborhood of Pantelimon.

Source: Profit.ro

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