Luther Imobiliare takes over Bucharest’s “Former Factory” urban regeneration project

Luther Imobiliare has acquired the “Former Factory” project in Bucharest, a significant urban regeneration and heritage conservation initiative. The project, which aims to revitalize a former industrial site, combines historical architecture from the early 1900s with modern residential, commercial, and cultural spaces designed for the 21st century.

Spanning roughly one hectare, the “Former Factory” project will feature 156 contemporary apartments in the Luther Block, along with 31 lofts in the Mălţărie building. Additionally, the development will include commercial spaces, restaurants, cafes, offices, recreational areas, and cultural venues, creating a vibrant community hub.

“We are honored to continue this project, which plays a key role in the revitalization of the area around Basarab Passage,” said Raluca Antonescu, a representative of Luther Imobiliare. “Our vision is to blend modern comforts with the rich history of Romanian industry, creating a community that values architectural heritage, thoughtful urban design, and a forward-thinking business model.”

Luther Imobiliare plans to sell apartments in the Luther Block and some of the lofts in Mălţărie, while retaining ownership and management of 70% of the overall development. The project is expected to further enhance the appeal of the surrounding neighborhood, contributing to its gentrification and cultural resurgence.

Announcement of Nominees for the 17th Annual CIJ Awards Gala Romania – Service Providers Categories

CIJ EUROPE is excited to announce the nominees for the 17th edition of the CIJ Awards Gala Romania, which will take place on December 4th, 2024, at the Radisson Blu Hotel in Bucharest.

Please below a comprehensive list of the top projects, transactions, and companies recognized for their achievements in 2024.

Each year, the CIJ Europe team works diligently to compile a carefully curated list of nominees. We greatly appreciate your ongoing collaboration and support in this process. In that regard, we kindly request that you review the list and send any additions or edits to carbunaru@cijeurope.com, no later than October 17th.

If you have not yet secured your seat, please check our website for registration: https://awards.cijeurope.com/cij-awards-romania/#about. Please note that space is limited to 350 attendees, so we encourage you to reserve your seat as soon as possible.

A BIG THANK YOU to all CIJ Awards Gala Romania 2024 confirmed Partners: North Bucharest Investment, CPI Property Group, AFI Europe, Hagag Development Europe, NEPI Rockcastle, VASTINT, CTP, NUSCO, BMF Grup, WIREN, Globalworth, Global Vision, Speedwell, Lion’s Head, HILS Development, NHOOD, COS, Biris Goran, Coral Construct, Bog’Art, WeMat Global, Carbon Tool, Fortim Trusted Advisors, Ceresit, Theta Furniture & More, Optim Project Management, Omifa, TPA Romania, RENOMIA Gallagher, Search Ads, Redport Capital, Imobiliare.ro, Marazzi, Safety Approach, Avitech, Bellemonde, Fabrica de Profile, EVO Properties, SAMSUNG Climate Solutions.

Nominees CIJ Awards Gala 2024:

Best International Commercial RE Agency of the Year
Avison Young
CBRE
Colliers International
Cushman & Wakefield Echinox
iO Partners
Knight Frank

Best Local Commercial RE Agency of the Year
Crosspoint Real Estate
Dunwell Industrial Brokerage
Fortim Trusted Advisors
Griffes
Hitch & Mosher
North Bucharest Investments

Best Residential RE Agency of the Year
Conadi
Hitch & Mosher
Knight Frank
North Bucharest Investments
RE/MAX Innovation
SVN Romania
The Concept Real Estate Advisers

Best Commercial Design Space Company of the Year
COS
Morphoza
Omifa
Pab Group
Theta Furniture & More
WeMat Global
Workspace Studio

Best Property Management Company of the Year
Alpha Real Estate Services SRL
CBRE
Colliers International
Cushman & Wakefield Echinox
FORTIM Trusted Advisors
Global Vision

Best Constructor of the Year
Bog’Art
BTDConstruct & Ambient
Masterbuild
Melsam
Pedro Construct
Strabag

Best Real Estate Law Firm of the Year
Albota Law Firm
Biris Goran
PELI Partners
Popovici, Nitu, Stoica & Asociatii
Reff & Associates | Deloitte Legal
Schoenherr & Associates
Stratulat Albulescu Attorney at Law
Tuca, Zbarcea & Asociatii
Wolf Theiss

Best Tax & Financial Advisory of the Year
Biris Goran
Deloitte Romania
KPMG
PWC Romania
TPA Romania

Best Project Management Company of the Year
Brisk Group
CBRE
Colliers
Cushman & Wakefield Echinox
Masterbuild
Optim Project Management
Sentient
Vitalis Consulting

Best Facility Management Company of the Year
Atalian Romania
BMF Grup
Bog’Art Building Management
BSS
Coral Construct
FMS
Genesis FM
Global Vision

Architectural firm
AMA Design
BL Associates
Chapman Taylor
Cumulus
Prographic Architecture
Vlad Simionescu & Associates
X Architecture

Best Coworking Brand
Hotspot
MASIA
Mindspace
Regus
Stables

Best Facades Solution Provider
Alumil
Fabrica de Profile
Metigla
Reynaers Aluminium

Best Sustainable Photovoltaics Systems Providers of the Year
4ENVIGO
Metigla
Volta X Solar Systems
WIREN

Best Marketing & PR Professional of the Year
Alexandra Ionita – iO Partners
Anca Buzatu – AFI Europe
Daniela Badoi – Schoenherr
Delia Bijnea – Stratulat Albulescu Attorney at Law
Diana Vasile – Cushman & Wakefield Echinox
Eliza Onica – VASTINT Romania
Iulia Iana – HILS Development
Roxana Baias – NEPI Rockcastle
Sorina Florescu – CTP

Best Property Leadership of the Year
Alex Skouras – Alesonor
Antoniu Panait – VASTINT Romania
Doron Klein – AFI Europe
Ema Iftimie – Globalworth
Fulga Dinu – CPI Property Group
Ionut Negoita – HILS Development
Michele Nusco – Nusco
Rüdiger Dany – NEPI Rockcastle
Sorin Preda – Gloval Vision
Vlad Musteata – North Bucharest Investments

Announcement of Nominees for the 17th Annual CIJ Awards Gala Romania – Developments and Transactions

CIJ EUROPE is excited to announce the nominees for the 17th edition of the CIJ Awards Gala Romania, which will take place on December 4th, 2024, at the Radisson Blu Hotel in Bucharest.

Please below a comprehensive list of the top projects, transactions, and companies recognized for their achievements in 2024.

Nominees CIJ Awards Gala 2024:

Best Office Development of the Year
AFI Loft – AFI Europe
Autonom Headquarter, Piatra-Neamț – Autonom

Refurbishment of the Year
Corner Office Building – Global Vision

Best Office Buildup In Development
Timpuri Noi Square, Phase 2 – Vastint Romania
The ARC – PPF Real Estate
U•Center 3 – Forte Partners
Yunity Park – Genesis Property

Best Retail Development & Developer of the Year
Arges Mall (51,400 sqm) – Prime Kapital
Aurora Retail Park Giurgiu (13,500 sqm) – Cometex
Retail Park Hunedoara (5,000 sqm) – Cometex
Shopping Park Pitesti (22,500 sqm) – Square 7 & Mitiska REIM
Shopping City Ploiesti – (7,400 sqm extension) – NEPI Rockcastle

Best Warehouse Development & Developer of the Year
CTPark Buc West – LPP (65,000 sqm) – CTP
VGP Park Brasov, Inter Cars (53,000 sqm) – VGP Romania
VGP Park Timisoara, Building 8 (32,768 sqm) – VGP Romania

Best Warehouse Buildup in Development
CTPark Brasov – CTP
CTPark Bucharest West, BUW 24 (66,000 sqm expansion) – CTP
Maravet (part of Covetrus) – 11,000 sqm – WDP Park Baia Mare – Cicarlau
VLParks Bucharest – Unit A1 & Unit A2 – Villar Logistic Parks

Best Standard Residential Development of the Year
Atria Urban Resort – Straulesti Lac Alfa
First Estates – Alsin
GranVia Lakeview – Granvia
HILS Palady – HILS Development
Select Residence – Anchor Grup
Vulcan Residence – NEPI Rockcastle

Best Premium Residential Development of the Year
Arcadia Park View – DVD Residential Imobiliare S.R.L.
Nobis Gardens – SVN Romania
Nusco City – Nusco
Nusco Green Homes – Nusco
PALTIM, phase 1 – Speedwell
Prima Vista, phase 1 – Prima Development Group
Quartier Azuga I – STC Partners
The Level Apartments II – Redport Capital

Best Residential Developer of the Year
AFI Europe
Anchor Grup
Hagag Development Europe
HILS Development
NEPI Rockcastle
Nusco
Prime Kapital
Redport Capital
STC Partners

Best Residential Buildup In Development
AFI Home North – AFI Europe
Avalon Estate – Prime Kapital
Bellemonde – Bellemonde Development SRL
Corallis Lifestyle by The Lake – KESZ
Cortina Elysium – EDEN Capital Development
H East Residence – Hagag Development Europe
HILS Brauner – HILS Development
Nusco City – Nusco
Quartier Azuga II – STC Partners
Quartier Ferdinand – STC Partners
PALTIM phase 2 – Speedwell
Prima Vista phase 2 – Prima Development Group
Silk District – Prime Kapital
The Ivy – Speedwell
The Level Apartments III – Redport Capital
The Meadows – Speedwell
U•Center 3 – Forte Partners

Best Commercial Design FIT-OUT (Project) of the Year
Alive Capital Office – Omifa
Astra Zeneca – Prographic
Banca Transilvania, Green Court – BL Associates
Beiersdorf Offices – Prographic
Booking – Prographic
British American Tobaco (Cladire BBP Miorita) – Theta Furniture & More
BT MIC U Center – BL Associates
Coca Cola HQ @ Globalworth Campus B / Floors 4 & 12 – WEMAT Global
DAAR Shops (TEILOR Group, Mall: Plaza Romania, Afi Palace, Sun Plaza, Park Lake) – Theta Furniture & More
European Pastry Offices – WEMAT Global
Francu Office Building – Omifa
Global Vision (The Corner Building) – Theta Furniture & More
Globant Cluj – COS
Hafele Design Space – AMA Design
Pfizer Bucharest – COS
Shopping City @ Timisoara / Foodcourt – WEMAT Global
Siemens – Prographic
Tesla Showroom and Service @ Bucharest – WEMAT Global
Trick-Shot Restaurant (AFI PALACE COTROCENI) – Theta Furniture & More
UiPath Romania – Workspace Studio

Best Leading Green Development & Developer of the Year
Amber Forest – Alesonor
Business Garden Bucharest & Timpuri Noi Square – Vastint Romania
Clubhaus – CTP
First Estates – First Estates
HILS Sunrise – HILS Development
Quartier Azuga – STC Partners
Shopping Centers portfolio – NEPI Rockcastle
Yunity Park – Genesis Property

Best Investment Transaction of the Year
AFI Europe Romania – Bucharest Financial Plaza – Immofinanz (EUR 27 million)
BT Property – Funshop Park Turda – Scallier
CTP – logistics parks – Globalworth (EUR 170 million)
M Core – Mitiska 25 retail parks portfolio – Mitiska REIM (EUR 219 million)
North Bucharest Investments – residential packages – Several Developers
Vectr Holdings – The Landmark – Revetas Capital and Cerberus Capital Management
WDP – Expo Market Doraly (110,000 sqm) – ARA Europe (EUR 90 million)
WDP – logistic parks – Global Vision (EUR 110 million)

Best Land Transaction of the Year
Logicor – 4,6 ha (Theodor Pallady area) – Jumbo
Paval Holding – 12 h (Pipera area) – Suzan Taher

Best Office Lease of the Year
BRD, Sucursala Regionala – 2,100 sqm – Palas Iasi
Copeland – 1,550 sqm – United Business Center Cluj-Napoca
DB Tech – 7,000 sqm – Globalworth BOB
Dr. Max – 6,200 sqm – J8 Office Building
Pragmatic Play – 12,200 sqm – AFI Tech Park 2
Regina Maria – 1,700 sqm – Baneasa Airport Tower
The Home – 3,070 sqm – myhive Victoria Park
TMF Group – 1,700 sqm – America House

Best Office Renewal of the Year
Accenture – 6,200 sqm – West Gate Park
BNP Paribas – 6,200 sqm – Oregon Park
Genpact – 29,104 sqm – Hermes Business Campus
HP Inc. Romania – 7,000 sqm – Yunity Park

Best Retail Lease of the Year
Budmil – 130 sqm – Plaza M Targu Mures (new market entries from Hungary in a regional city)
Half Price – 1,725 sqm – AFI Brasov
Half Price – 2,000 sqm – AFI Ploiesti
Half Price – 2,100 sqm – Plaza Mall Targu Mures
Happy Restaurant – 544 sqm – AFI Cotroceni
Hype Arena – 2,400 sqm – Sun Plaza
JD Sports – 370 sqm – AFI Ploiesti
Jysk – 1,250 sqm – Vitantis Shopping Center
Kinetic Sport & Medicine – 660 sqm – Palas Campus Iasi
Lefties – 5,000 sqm – Iulius Town Timisoara
Popeyes – 137 sqm – AFI Ploiesti
Primark – 3,700 sqm – VIVO! Cluj-Napoca
Primark – 3,799 sqm – Iulius Town Timisoara
Rituals – 201 sqm – Mega Mall (first store in Romania)
Sciccheria, Steam, Velocita & French Revolution – 375 sqm – Arghezi 4
Stay Fit Gym – 840 sqm – Family Market Miroslava

Best Warehouse Lease of the Year
Deichmann – 20,000 sqm – Eli Park 3.3
LPP – 24,000 sqm – CTPark Bucharest West
VAT – 20,900 sqm – VGP Park Arad

SITA opens development and research center in Cluj

SITA, the largest developer of technological solutions for the aviation industry, based in Switzerland, announced the opening of a development and research center in Cluj, thus being its first such center opened in Eastern Europe. The company has already hired 50 IT professionals and aims to reach a total of 80 employees in the coming months.

“Eastern Europe is a market of 140 million passengers in 2023, 22% more than the pre-pandemic period. There were 24.5 million passengers in Romania, 18% more than in 2019. It is a very dynamic market, aviation is growing and we want to serve this market with the solutions we make in Cluj. Why Cluj? Here we find the skills and technologies we need. Romania is one of the most dynamic markets in Europe,” says Sergio Colella, president of Europe SITA.

SITA has been collaborating with local airlines and the 17 local airports since 1991.

Rock Development Holding to open 5-star boutique hotel in the center of Bucharest

The real estate developer Rock Development Holding is in discussions with Kempinski Hotels about opening a 5-star boutique hotel in the center of Bucharest.

Rock Development Holding and Kempinski Hotels have already agreed a partnership for the development and operation of a 5-star hotel with 120 rooms in Poiana Brașov, plus an aparthotel with 75 residential units in the same resort, whose market value is valued at about EUR100 million euros.

“We have obtained the building permit for the aparthotel part, but we are still finalizing the final details with Kempinski architects for a reauthorization. We have started the works on the road infrastructure part and we plan to start the construction next year”, declared the representatives of Rock Development Holding.

Profit.ro

RRG Real Estate Group Launches First Phase of Lakeside11 Residential Project in Bucharest

Real estate developer RRG Real Estate Group (RRG) has commenced the first phase of its ambitious Lakeside11 residential project in the Străulești area of Bucharest, with an estimated total investment of EUR 60 million. The completion of the entire project is expected by the end of 2026.

The initial phase, representing a EUR 20 million investment, will feature the construction of three residential blocks comprising 105 apartments. Consstar Construct has been selected as the general contractor for this phase of the project.

“The Străulești area has become one of the most dynamic in the northern part of Bucharest, appealing to those who value a high quality of life and are looking for long-term investment opportunities,” said Maxim Iakovlev, a representative of the Iakovlev family, owners of RRG Real Estate Group.

RRG has been a key player in the Romanian real estate market for two decades, with a portfolio that includes the successful completion of the Park Avenue 96 and Lighthouse Residence projects, which together delivered over 100 apartments.

EBRD to become shareholder of energy producer Green Genius

Green Genius, renewable energy developer and independent power producer owned by Modus Group, which also has projects in Romania, announces that it will receive a capital investment of up to EUR 100 million from the European Bank for Reconstruction and Development.

This investment will fund Green Genius’ expansion plans until 2029 in various European countries. Upon completion of the transaction, the EBRD will become a minority shareholder of Green Genius. The EBRD’s EUR 100 million investment will support Green Genius’ European growth strategy, which includes developing over 2 gigawatts of renewable energy, accelerating Europe’s clean energy transition and strengthening the region’s energy independence and security.

This investment marks the EBRD’s largest capital commitment for a single company of its kind in the Baltic States. The funds will be directed to the development and acquisition of renewable energy projects in the Baltic countries, Poland, Romania and other European markets.

Roofing tiles manufacturer Dilj completes EUR 5.1 mln EU-backed solar project

Croatian building materials producer Nexe announced that its subsidiary, roofing tiles manufacturer Dilj, has completed an energy efficiency and solar energy project valued at EUR 5.1 million supported by the EU.

Out of the total cost of the project, EUR 2.1 million was non-reimbursable funding provided by the European Union’s Modernisation Fund.
The project will result in annual electricity savings of 8,737 MWh, a decrease of CO2 emissions by 2,538 tonnes per year and will enable production of 3,121 MWh of solar energy,

Upon completion of this project, the Nexe Group uses electricity from own solar plants with an overall installed capacity of 4.9 MW, which is in line with its development strategy to achieve climate neutrality by 2030.

Grup Șerban Holding announces major EUR 62.5 million investment in new potato processing factory

Grup Șerban Holding has announced a massive investment of EUR 62.5 million into two major projects, further solidifying its position in the industry. The investment, which has been approved for financing by the Agency for Financing Rural Investments (AFIR), will support the construction of a state-of-the-art potato processing facility and a large-scale warehousing project.

The highlight of the investment is the Potato Processing Factory in Sascut, Bacău County. Once completed, the factory will boast a production capacity of six tons of fried potatoes per hour and 1.2 tons of potato flakes per hour. The factory’s output will cater to both the domestic market and international buyers, reflecting the company’s focus on expanding its global reach.

In addition to the processing facility, Grup Șerban Holding will construct five cold storage units and a 5,000-square-meter logistics warehouse. The warehouse will feature a sorting, washing, and packaging line for potatoes, enhancing the company’s supply chain efficiency and meeting growing consumer demand for high-quality products.

Irina Șerban, co-founder of Grup Șerban Holding, emphasized the strategic importance of these investments: “Through the two projects—the potato processing plant and the storage and processing halls—we are completing the cycle that Grup Șerban Holding has worked on for years. These investments, made possible by the InvestAlim national project and supported by European funds through AFIR, allow us to control every step of the production chain, from harvesting to processing, storage, and delivery. This ensures we maintain consistent quality and improve operational efficiency.”

The potato processing plant and warehousing project mark a significant step for Grup Șerban Holding in its mission to enhance Romania’s agri-food capabilities. The investments will not only boost local production but also create new jobs and strengthen the company’s ability to meet increasing market demands.

With these new facilities, Grup Șerban Holding is set to further integrate its operations, ensuring a seamless transition from farm to table while maintaining stringent quality standards. As Romania continues to grow as a hub for agri-food production, Grup Șerban Holding’s investments place the company at the forefront of innovation and sustainable growth in the industry.

Businessman Ye Feng to develop residential complex on the shores of Lake Fundeni

Chinese businessman Ye Feng is preparing the construction of a residential complex with a height of up to 14 floors on the shore of Lake Fundeni, right next to the famous residential project Neopeninsula, thought by the Israeli group Neocity more than 16 years ago and still not started.

Ye Feng obtained, a month apart, two town planning certificates through his company Alternative Green and another through Ye Lin Activ Comimpex, which he shares with Chinese entrepreneur Lin Bin. Both documents concern the construction of a residential complex and complementary facilities with a structure consisting of two basements, ground floor and up to 14 floors.

The project is planned on a plot of land with an area of approximately 2,600 sqm, located on Drăgușin Deleanu street, no. 23A, on the shore of Lake Fundeni. There are also 4 halls on the field. A waste collection center of the City Est Cliner operator operated at this address.

Source: Profit.ro

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