In the Spotlight

In the Spotlight

HILS Development Launches LIFE@HILS Social Responsibility Platform and Announces Impactful Initiatives for Sustainable Urban Development
HILS Development Launches LIFE@HILS Social Responsibility Platform and Announces Impactful Initiatives for Sustainable Urban Development 900 600 BUCHAREST REAL ESTATE CLUB

HILS Development is launching the Life@HILS social responsibility platform and announcing its support for impactful initiatives in the social, educational, and environmental spheres, derived from the company’s mission to build responsibly and transform communities. HILS Development’s social responsibility projects are structured around four essential pillars of urban development: environment, education, social solidarity, and business ethics. Throughout 2025, HILS’s social responsibility efforts will be carried out in partnership with strategic allies such as Save the Children Romania, the Văcărești Nature Park Association, and UrbanizeHub.

“HILS Development has the creation, transformation, and development of new urban communities in its DNA. Over the past years, we’ve been consistently involved in the life of the new communities formed within our residential projects, as well as in supporting social and educational causes relevant to our community members. We are pleased to launch Life@HILS today, a social responsibility platform that reflects both our long-term vision for the development of the Capital and a model of active engagement for each of us, as residents of Bucharest. We are running and supporting impactful projects across the four key pillars of HILS’s strategy—environment, education, social solidarity, and business ethics—initiatives tailored to the current needs of Bucharest’s residents,” says Iulia Iana, Marketing Director at HILS Development.

Among the community projects supported by HILS are:

  • “Safe Communities for Parents and Children in the Digital Age” – a series of conferences for parents in Bucharest, organized by Save the Children with the support of HILS Development, as part of the “Ora de Net” program.
  • “Bucharest, the Parents’ City” – an initiative by HILS Development to understand the needs of parents in the Capital and how parent-friendly the city is perceived to be. Together with UrbanizeHub, discussions will be held on May 27 about the identified needs and how we can transform the city into a more suitable space for parents and children.
  • “Explorers in the World of Evening Butterflies” – the first event dedicated to the HILS community, organized in partnership with the Văcărești Nature Park Association team, will take place on the evening of May 26, at HILS Brauner.

Hagag Development Europe signs operating agreement with Radisson Hotel Group for its first hotel development in Bucharest
Hagag Development Europe signs operating agreement with Radisson Hotel Group for its first hotel development in Bucharest 763 600 BUCHAREST REAL ESTATE CLUB

H Vasile Lascar to become the first Radisson RED in Romania – Radisson RED Bucharest Old Town – following an over EUR 13 MLN investment

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 13 million EURO 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.

Radisson RED Bucharest Old Town will boast a restaurant and bar, a lobby incorporating a co-working lounge and an outdoor terrace, and versatile meeting spaces. A multipurpose room, together with the pop-up venue on the fifth floor, will cater to meetings, events, product launches, and social functions. Additionally, guests will have access to a fitness area, ensuring a comprehensive hospitality experience.

SINGU Named Proptech Innovation Provider of the Year at the EuropaProperty SEE Real Estate Awards 2025
SINGU Named Proptech Innovation Provider of the Year at the EuropaProperty SEE Real Estate Awards 2025 678 600 BUCHAREST REAL ESTATE CLUB

SINGU, the all-in-one property technology platform, has been awarded Proptech Innovation Provider of the Year 2025 at the prestigious EuropaProperty SEE Real Estate Awards, held in Bucharest 

The award recognises the most innovative technology companies transforming the real estate sector across South Eastern Europe. It reflects SINGU’s commitment to digitising building operations through its integrated platform for visitor management, maintenance, smart metering, and access control.

Anna Bartoszewicz-Wnuk, Head of CEE at SINGU, commented:

“This award is a strong validation of the innovation and impact our platform delivers to property managers, landlords, and occupiers. As we continue expanding across Europe, our goal remains clear: enable smarter, safer, and more efficient buildings through scalable technology.”

Adrian Ursulean, Business Development, Romania at SINGU, added:

“This recognition is a testament to our continuous dedication to innovation in the real estate and property technology space. A huge thank you to EuropaProperty for organizing such a fantastic event, and to our partners, clients, and colleagues for their unwavering support and inspiration.”

SINGU was recognized by the judging panel for its:

  • Proven ability to streamline building operations across logistics, retail, and office portfolios
  • Fast-growing footprint in the CEE and SEE markets
  • Client-centric innovation, including tailored modules for ESG, compliance, and tenant engagement
  • Track record of successful implementations in landmark projects across the region

This latest accolade follows SINGU’s recent win at the CEE Retail Awards 2025, where it was named Retail Tech Provider of the Year, reinforcing its position as a leading proptech player in Europe.

Management Buyout at Theta Furniture & More: Shareholder Restructuring to Accelerate Local and Global Expansion
Management Buyout at Theta Furniture & More: Shareholder Restructuring to Accelerate Local and Global Expansion 545 600 BUCHAREST REAL ESTATE CLUB

The company’s CEO, Cătălin Rotaru, has acquired a 40% stake in Theta Furniture & More through Woodwire Partners

Theta Furniture & More, a leading player in the interior design and fit-out market, has entered a new phase of development. The company’s CEO, Cătălin Rotaru, has acquired a 40% stake in Theta through a management buyout aimed at strengthening the company’s long-term transformation and sustainable growth.

The transaction was carried out through Woodwire Partners, an investment vehicle established by Cătălin Rotaru in collaboration with other investors. The shares were acquired from Florin Gheorghe, Theta’s founder—who has now exited the company entirely—and from Gelu Florian, co-founding partner and the technical mastermind behind the company’s development.

Following the transaction, which also included a capital infusion to support business operations, the new ownership structure of Theta Furniture & More is as follows:

  • Black Sea Fund I – 50%
  • Woodwire Partners – 40%
  • Gelu Florian – 10%

“This is a defining moment for Theta,” said Cătălin Rotaru, CEO of Theta Furniture & More. “First, we are deeply grateful to Florin for his pivotal contribution to the company’s journey—thanks to him, Theta has become a well-respected name in the market.

With this buyout, our goal is to capitalize on the expertise we’ve built in recent years and accelerate our growth—both by expanding regionally and by strengthening our international presence. We aim to reinforce our position in our core segments—office, HoReCa, and retail—while also growing into sectors such as healthcare, hospitality, and industrial-logistics, where we’ve already delivered notable projects. Our one-stop-shop approach, offering high-quality integrated interior fit-out services, standard furniture, and especially custom-made furniture produced in our own factory, will support our ambition to rank among the top three most valuable fit-out companies in Romania,” Rotaru added.

Black Sea Fund I, Theta Furniture & More’s majority shareholder, supports this new chapter with confidence. “An entrepreneurial company that aspires to transition from organic growth to scalable development needs more than a founding vision—it also needs structure, discipline, and strong executive leadership,” said Arin Ion, Founding Partner at Black Sea Fund. “The fit-out industry is dynamic and highly competitive. Under Cătălin Rotaru’s leadership over the past two years, Theta has shown that the business can evolve into a more predictable model—while remaining agile enough to adapt to market shifts. With this new ownership structure and results-driven leadership, we are confident the company’s impact in the industry will grow exponentially,” he added.

HAGAG DEVELOPMENT EUROPE adds new mixed-use project to its local portfolio: H HERĂSTRĂU PARK
HAGAG DEVELOPMENT EUROPE adds new mixed-use project to its local portfolio: H HERĂSTRĂU PARK 763 600 BUCHAREST REAL ESTATE CLUB

The company has recently signed a partnership agreement with Niro Investment Group and acquired 50% of the multifunctional building located on 23-25 Ghețarilor Street

Real estate investor-developer Hagag Development Europe has recently signed a partnership agreement with Romanian investment group Niro Investment Group for the acquisition of 50% of the multifunctional building located in the proximity of Herăstrău Park, on 23-25 Ghețarilor Street. In addition, the company exclusively took over the operating and management activities for the entire building.

The property returns to the market under Hagag’s brand, and will be officially known as H Herăstrău Park. With this new portfolio addition, Hagag Development Europe extends its current offer with over 6,800 square meters of office and retail space.

H Herăstrău Park enjoys a gross built area of approximately 10,000 square meters displayed across a high regime of 1UGF + GF + 4F, with a leasable area of over 6,800 square meters comprising retail space on the ground floor and office on the upper levels, to which about 100 underground and above-ground parking spaces are added.

“H Herăstrău Park marks two important milestones for our company: on one hand, we are consolidating our current offer in terms of office and retail space, and, on the other hand, we are expanding of our presence towards the northern part of Bucharest, beyond the residential projects currently under development in the area. We are excited about this new transaction and about adding to our portfolio a new mixed-use project that will help us respond better to the growing demand in the market.”, said Yitzhak Hagag, Cofounder and Chairman of Hagag Development Europe.

Over the upcoming months, the building will undergo a light refurbishment process focused on revamping all common areas, and will be welcoming its first tenants beginning of July 2025. 18% of the available office space has already been leased, with the developer’s leasing team currently in advanced discussions to rent out over 2,500 square meters of office and retail space. The company estimates an occupancy rate of at least 70% by the end of this year.

“We feel honoured for the trust that our partner has invested us with, and confident about the evolution of this collaboration, just as we are optimistic about the positive dynamics of the leasing activities. Our forecast shows that by the end of this year we will be reaching an occupancy rate of at least 70% for the entire building.”, Yitzhak Hagag added.

HILS Development Announces the Complete Sale of HILS Pallady and HILS Splai, Landmark Projects in Bucharest’s Eastern Area
HILS Development Announces the Complete Sale of HILS Pallady and HILS Splai, Landmark Projects in Bucharest’s Eastern Area 900 600 BUCHAREST REAL ESTATE CLUB

HILS Splai and HILS Pallady are two reference projects for the development of the eastern area of ​​the Capital: the full sale of the two residential projects totals 2,019 apartments and over 95,000 sq m of living space

HILS Development announces the complete sale of two residential complexes, HILS Pallady and HILS Splai. These projects comprise 2,019 apartments accommodating approximately 5,000 residents. HILS Pallady was completed in four years and sold in five, while HILS Splai was developed in two years and fully sold in three. Both complexes are strategically located with excellent connectivity, providing easy access to public transport, shopping centers, educational institutions, and on-site recreational facilities.

Bogdan Bălașa, General Manager of HILS Development: “HILS Pallady represents our first mixed-use residential project in the eastern part of the city and we are pleased to close the first quarter of 2025 with this achievement and look forward to completing the first phase of HILS Republica in June, delivering 369 new apartments. We remain committed to diversifying and enhancing the availability of high-quality housing in other areas of Bucharest”.

HILS Pallady: Connectivity and Well-Developed Infrastructure

HILS Pallady is HILS Development’s first mixed-use project, benefiting from proximity to essential commercial, medical, educational, and infrastructure facilities. Completed in 2023, it comprises 12 buildings with 1,908 apartments in various layouts. The complex features 2,013 parking spaces, accommodating both residents and visitors. Additionally, it includes over 14,000 square meters of green spaces and children’s playgrounds. The project is located just 50 meters from Anghel Saligny metro station, in a rapidly expanding commercial area.

HILS Splai: Tranquil Living Near the City Center

HILS Splai is a residential project situated at Cheiul Dâmboviței 22, conveniently close to the city center and a major shopping hub. The project consists of 111 apartments in studio, two-bedroom, and three-bedroom configurations. Covering a total area of 7,500 square meters, the complex dedicates 2,271 square meters to green spaces.

Happy Cinema opens in Colosseum Mall following a 1,4 million EUR investment
Happy Cinema opens in Colosseum Mall following a 1,4 million EUR investment 895 600 BUCHAREST REAL ESTATE CLUB

The Happy Cinema network is expanding and announces the opening of a new premium multiplex cinema with 5 screening rooms in Colosseum Mall. The investment for Happy Cinema Colosseum amounts to 1.4 million euros and brings a series of innovations in terms of design, facilities and technology.

Happy Cinema proposes in the new location in Colosseum Mall a cinema experience at the highest level, through state-of-the-art technology and a design oriented towards comfort and functionality. The cinema rooms are equipped with modern armchairs, including recliners in the VIP room, and the laser projection systems offer images of a much higher quality than classic lamp-based video projection systems. In addition, the spaces are designed to host private events and various forms of alternative content, from theatre to artistic performances, thus responding to the varied needs of customers.

Doinița Ilie, Head of Leasing & Marketing Colosseum Mall said:  “The inauguration of the Happy Cinema multiplex improves the leisure offer in Colosseum Mall. The diversification of entertainment options, the integration of the latest technologies the venues, the presence of restaurants, cafes and fast-food outlets, along with the facilities offered by the outdoor esplanade “The Garden”, transform Colosseum Mall into a top leisure destination for both Bucharest residents and those from neighbouring areas.”

Saint Roastery Opens a New Location in the Urban Garden of Business Garden Bucharest
Saint Roastery Opens a New Location in the Urban Garden of Business Garden Bucharest 1120 600 BUCHAREST REAL ESTATE CLUB

Vastint Romania is thrilled to announce its new partnership with Saint Roastery, which will open its first urban café in the garden of Business Garden Bucharest.

Saint Roastery brings its passion for specialty coffee to the urban garden of Business Garden Bucharest, expanding with a new location nestled in nature—a space designed for coffee enthusiasts and those seeking relaxation.

“We look for unique spaces where we can reinvent the moment and the experience of enjoying a coffee. We are delighted to have found such a place at Business Garden Bucharest, where we escape the city’s noise and create our first café in the middle of an urban garden. The name says it all: Saint Roastery Botanica. This will be our next story.” stated Ionuț Croitoru, Founder of Saint Roastery. “We will craft the next space outside of home and office—a green oasis where you can spend quality time with colleagues, business partners, family, or friends while enjoying Saint Roastery’s delicious coffee, far from the urban hustle,” added Simona Croitoru, co-Founder Saint Roastery.

The new space, covering 165 sqm, is set to become a key attraction for employees working in the complex and visitors alike, offering not only specialty coffee but also a vibrant atmosphere perfect for socializing.

“It is a true joy to see how the Business Garden Bucharest community continues to grow with innovative partners like Saint Roastery. Our urban garden offers a unique setting where moments shared with family and friends over a great cup of coffee can turn into memorable experiences, free from the city’s noise.”, stated Sorin Macoveiu, Commercial Director Vastint Romania.

The grand opening of Saint Roastery Botanica is planned for spring 2025.

The lease transaction was facilitated by CBRE Romania.

“As a strong advocate for local businesses, I am thrilled to have facilitated this partnership. Saint Roastery embodies the spirit of entrepreneurial passion and community-building, making them an exceptional addition to Business Garden. The centrally located pavilion, with its unique design and surrounding green spaces, is perfectly suited to their vision of creating an inviting and vibrant atmosphere. This collaboration promises to deliver a remarkable experience for specialty coffee enthusiasts and the wider community.” – said Ileana Mitrache, Senior Consultant A&T Office, CBRE Romania

Located on Plevnei Blvd. 159, the office complex boasts excellent accessibility to all public transportation (tram, bus, Metro line M3) and features state-of-the-art technical specifications. It offers a wide range of services and amenities to support tenants and enhance employees’ daily lives. From extraordinary events hosted in the garden to relaxation areas with ping-pong tables, multifunctional sports courts, and oversized chess pieces, everything is designed to create an exceptional experience for Vastint tenants and partners.

Business Garden Bucharest is the first Business Garden complex in Romania and the sixth in Europe within the Vastint Group portfolio. It consists of three medium-height office buildings, totaling 43,000 sqm of leasable space. The complex is LEED Platinum certified with the highest score in Romania, integrating commercial and public services within a unique natural setting, complete with a spacious garden and dedicated recreational areas.

Maidan moves its operations in Dageco Expozitiei Estate
Maidan moves its operations in Dageco Expozitiei Estate 692 485 BUCHAREST REAL ESTATE CLUB

Maidan rented a 1,460 sqm space in the Dageco Expozitiei Estate complex, for three functions: the company’s offices, an event hall with a capacity of 170 people and the central catering kitchen.

“With an investment of over half a million euros, we have arranged the ground floor of the C2 building in Dageco Expozitiei Estate in order to accommodate the new needs that have arisen as the company and the team expand. Around the Christmas parties we open Maidan Space, with a capacity of 170 people, for corporate events and personal anniversaries. The architecture is inspired by the maidan of childhood. In the same location, we are also inaugurating our new offices, as well as the central kitchen for the Maidan Catering division, which offers products with authentic tastes“, says Calin Cîndea, one of the founders of Maidan. 

The Dageco Expozitiei Estate complex has a total area of over 30,000 sqm, with four mixed-use buildings and a generous parking lot of 500 spaces. The main building accommodates modern offices, with a total area of 13,800 sqm and commercial spaces on the ground floor.

“Maidan will be a new attraction for our office complex and we are glad that they chose this location, as we have the opportunity to offer them a unique space on the ground floor with an exit to a beautiful terrace and a generous parking lot, difficult to find in the northern area of the Capital. Dageco Expozitiei Estate thus outlines a hub of automotive and lifestyle services, which includes dining and leisure spaces. These facilities include restaurant, catering, kindergarten, after-school, café, car dealership and service, gym, playground for children both for the employees of our office buildings and for the employees of the companies in the buildings in our vicinity and for the tenants of the hundreds of new apartments, located in the immediate vicinity, in the Luxuria and Parcului 20 complexes”, says Andrei Guță, Dageco Invest Representative.

Dageco Expozitiei Estate has an exit to both Expozitiei Boulevard and Parcului Street, on which, just 300 meters away, work is being done on the future Expozitiei metro station. The area is on the route of the M6 metro line, which will connect the North Railway Station to Henri Coandă International Airport.

“The northern area is of interest both in the office and services segment, and there are still office spaces with generous surfaces, with competitive rents. The large brands of restaurants, educational units and private clinics are expanding in neighborhoods such as Expozitiei, Petrom City and Casa Presei Libere, which address both corporate people in office areas and families in new residential areas, in full development, on the axis where the new metro line connecting the center to the North Railway Station and the airport is being built”,  says Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance, the company that has an exclusive mandate to lease this project.

Who are the big winners of the REmarkable Awards 2024?
Who are the big winners of the REmarkable Awards 2024? 901 600 BUCHAREST REAL ESTATE CLUB

On Tuesday, November 12, 2024, the second edition of the REmarkable AWARDS gala took place at the CEC Palace in Bucharest, recognizing the most innovative home, office, commercial and hotel designs. 127 projects from Bucharest, Cluj-Napoca, Timișoara, Iași, Brașov, Constanța, Târgu-Mureș, Câmpina, Sibiu, Arad, Târgu-Mureș, Oradea, Buzău, Drobeta Turnu Severin, Craiova, Ploiești, Suceava and Cozieni competed for 26 trophies.

The winners were selected through a 50%-50% public vote (over 1,600 votes were recorded) and the International Jury vote (Antonio Quesada, Founder & Director, AQ Studio; Lukas Bobotis, Co-Founder Bobotis & Bobotis Architects, Martin Probst, Associate Director Cities, Buro Happold, Jorge Giraldo Rodríguez, Partner, Projection Architects & Yorgo Lykouria, Founder, Rainlight Studio).

“We developed the REmarkable AWARDS program with the aim of promoting to the general public the spaces that are not visible in large real estate developments. In the buildings that people pass by every day, there are spaces that deserve to be known and appreciated. These spaces are proof that developers, architects, designers and all those involved in this field are concerned about the quality and increasingly high standards of living in Romanian cities”, says Despina Ponomarenco, Founder of Bucharest Real Estate Club & Romania Property Club, the organizing associations of REmarkable AWARDS.

WINNERS, BUCHAREST

2024 NOMINEES

RESIDENTIAL

  • Premium & luxury villas: Cristiana Zgripcea – Baker’s House;
  • Medium & upper medium villas: Inedit Works – Casa Căsuței Plutitoare;
  • Premium & luxury apartments: Lemon Interior Design – One Verdi Park duplex;
  • Medium & upper medium apartments: Tres Folles – Northside Park;
  • Short-Term Rentals: Anton Architecture – Calea Victoriei apartment;

RETAIL & HORECA

  • Restaurants & Cafes: 441 Design Powerhouse – Meron;
  • Stores & Showrooms: BL Associates – Miele showroom;
  • Hotels: SelfDezign – Bucharest Comfort Suites;
  • Other type of retail: Delta Studio – Pajurei 3 Residence showroom;

OFFICES

  • Large offices, over 1,500 sq m: Theta Furniture & More – Glovo, U Center;
  • Medium offices, 500-1,500 sq m: Prographic Architecture Studio – CPI Property Group headquarters at Victoria Business Park;
  • Small offices, under 500 sq m: AXS Studio – Grohe, Matei Millo Offices;
  • Coworking centers & community spaces: Lemon Interior Design – The One coworking at One Cotroceni Park.

WINNERS, REGIONAL CENTERS

2024 NOMINEES

RESIDENTIAL

  • Premium & luxury villas: Ezzo Design Studio – Dumbrăvița House, Timiș;
  • Medium & upper medium villas: Studio A – Zefiro House, Cluj-Napoca;
  • Premium & luxury apartments: Davidsign – Black Magic, Oradea;
  • Medium & upper medium apartments: MiSo Architects – Sahara Noir, Brașov;
  • Short-Term Rentals Rezident – ​​Tomis Marina, Constanța;

RETAIL & HORECA

  • Restaurants & Cafes: Bright Design – Pomet, Cluj Napoca;
  • Shops & Showrooms: Teilor – Palas Iasi;
  • Hotels: Matca Hotel, Relais & Chateaux, Șimon, Brașov;
  • Other type of retail: Hermina Goia Studio – Epic Centrum, Sibiu;

OFFICES

  • Medium & large offices: IA Interiors Architects & Medaru Architects, One Day Trip, Palas Campus Iași;
  • Small offices & coworking centers: Nhood – The Business Factory Coworking, Coresi Brașov

SPECIAL JURY AWARD

Ama Design – Hafele showroom, Bucharest

SPECIAL ORGANIZERS AWARD

Hagag – H Private, Bucharest

All information about the program are available on www.re-markable.ro.

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