In the Spotlight

In the Spotlight

BREC AWARDS 2025: QUALITY LIVING AWARD
BREC AWARDS 2025: QUALITY LIVING AWARD 901 600 BUCHAREST REAL ESTATE CLUB

The annual BREC Christmas Party was a great opportunity to inaugurate BREC AWARDS, a new initiative designed to bring recognition to BREC members for their activity throughout the year in the real estate industry.

BREC AWARDS is our way to honour the visionaries who transform cities, redefine communities, and set new standards of excellence. BREC AWARDS has given us the opportunity to look closely at each member’s work in 2025 and highlight the investments, transactions, and companies that bring greater maturity and professionalism to the Romanian real estate industry.

QUALITY LIVING AWARD- AFI ROMANIA

PIONEERING THE BUILD-TO-RENT SECTOR – AFI HOME NORTH

AFI ROMANIA has long been known for its activity in ​​​​the management of shopping centers and office buildings. However, the company has turned its attention to a sector where not many investors look: residential build to rent.

AFI Home North was completed in early 2025, introducing a new way of life: fully furnished apartments, pet-friendly and with a series of facilities such as a gym or coworking center.

For the pioneering work they do in this field but also for raising the standards in the process of renting a home, we grant AFI ROMANIA the QUALITY LIVING AWARD.

QUALITY PERFORMANCE I LIVING AWARD – AKCENT CITY

OUTSTANDINGN SALES

Akcent City represents a large-scale development of 723 residential units, 900 parking spaces and 4,000 sq m of green spaces, in the area of the Jiului metro station.

We award Akcent City for sales performance: over 90% pre-contracted prior to completion.

QUALITY LIVING AWARD – CLOUD 9 EVOLUTION

BUILDING SUSTAINABLE COMMUNITIES THROUGH INVESTMENTS IN EDUCATIONAL INFRASTRUCTURE 

Built following an investment of 90 million Euros, on an area of ​​3.2 hectares, Cloud 9 Evolution will include over 1,000 apartments & parking spaces, as well as a wide range of integrated facilities.

We are happy to see that today residential projects are no longer just about apartments, but also dedicated infrastructure, facilities and green spaces. CLOUD 9 EVOLUTION allocates 3 million Euros for a new school with 10 classrooms, 4 laboratories, library, gym, medical office and administrative spaces.

QUALITY LIVING AWARD – HILS SUNRISE

A NEW BENCHMARK IN EASTERN BUCHAREST

HILS Development is developing HILS Sunrise, the first pre-certified Green Homes complex in eastern Bucharest.

HILS Sunrise implements the most of sustainable measures and solutions, improving the living conditions of the future community. Spread over an area of ​​15,000 sq m, HILS Sunrise will include 4 buildings, with 704 new apartments and 732 parking spaces. With a completion date of 2026, the project will benefit from the most integrated network of facilities, developed to date in HILS projects.

QUALITY LIVING AWARD – INTERO PROPERTY DEVELOPMENT

RESHAPING THE OBOR AREA

InteRo Property Development is a family office, founded in 2006 by Michael Topolinski, and later joined by his 3 children.

The investor is working on his most complex project, SkyLight Residece, which will modernize the Obor area. In total, the development will include 2,200 apartments, 115,000 sq m of offices, 8,540 sq m of commercial space and 28,000 sq m of green spaces. The first phase, with 551 apartments, is scheduled for completion in 2027.

We are granting the QUALITY LIVING AWARD for reshaping the Obor area.

QUALITY LIVING AWARD – HERCESA ROMANIA

TWO-DECADE PROPERTY LEADERSHIP

This year marked a double anniversary for the Spanish group Hercesa: 50 years since its foundation and 20 years of activity on the Romanian market. With 50 million square meters of land under management and 500 professionals within the group, Hercesa has delivered 30,000 homes in those 50 years.

In Romania, the investor completed 1,200 housing units and saved the Cismigiu Hotel from degradation, transforming it into a landmark in the center of Bucharest.

QUALITY LIVING AWARD – BHB PROPERTIES

THE COMMITMENT TO CREATE LIFESTYLE-CENTERED COMMUNITIES – BHB AVENUE

BHB Properties completed this year in the North area BHB Avenue: a premium project, offering high quality services: an urban garden, spa area or concierge services.

For the commitment and determination to create communities around shared values we are granting the QUALITY LIVING AWARD to BHB Properties.

QUALITY LIVING AWARD – IMPACT DEVELOPER & CONTRACTOR

INTEGRATED VISION FOR EXPANDING ACCESSIBLE HOUSING ACROSS THE COUNTRY

Impact Developer & Contractor is the developer with the longest experience on the real estate market in Bucharest: over 30 years and the first real estate company listed on the BVB in 1996. With such a history, the company has gone through all kinds of turbulent periods but has always successfully overcome numerous challenges.

And in 2025 they announce an ambitious plan: investments of almost 2 billion Euros for almost 10,000 new residential units in Bucharest, Constanta and Iasi.

For their vision to expand the concept of affordable housing nationwide we are granting the QUALITY LIVING AWARD.

QUALITY LIVING AWARD – CORDIA

CONTINUITY IN INVESTMENTS ON THE ROMANIAN MARKET

Cordia is one of the leading residential developers in Central and Eastern Europe, with a strong presence in Hungary, Spain, Romania and other key markets. The company’s portfolio includes over 11,000 apartments sold and 2,500 units under construction.

In Romania, Cordia has completed the Parcului20 project and is preparing to launch new residential developments in Bucharest, focused on energy efficiency and long-term value.

QUALITY LIVING AWARD – SEMA REAL ESTATE

VISIONARY URBAN INTEGRATION – SEMA HOME 

The vision for the development of the former industrial platform Semanatoarea is already almost 20 years old. This is where the initial investments in the office sector appeared.

We are glad to see that the owner also includes the residential component, with commercial facilities, through the recent launch of SEMA HOME.

For the vision of integrated development in the Semanatoarea area we are granting the QUALITY LIVING AWARD at BREC AWARDS 2025.

QUALITY LIVING AWARD – ATRIA URBAN RESORT

AFFORDABLE HOUSING IN NORTHERN BUCHAREST

Atria Urban Resort is a project developed in partnership by Cityring Development and Evergent Investments. Atria spreads over 6.5 hectares, near Lake Străulești, has a low-density concept, with a GF+4 regime, green spaces designed according to an integrated concept, swimming pools and playgrounds for children.

The project proves that affordable housing can be built in the northern area, seen more as an area for high-priced units.

QUALITY LIVING AWARD  – WEST GROUP

BEST INTEGRATED REAL ESTATE & CONSTRUCTION DEVELOPER

With an impressive portfolio of completed projects, WEST GROUP’s activity covers both industrial and residential constructions, as well as logistics and real estate solutions.

The group has over 800 employees and operates with 4 key divisions: West Construct, West Beton, West Logistik and West Imobiliare.

In Romania they have acquired the iResidence project and are preparing new investments.

QUALITY LIVING AWARD – DELTA STUDIO

KEY ROLE IN DEVELOPMENT OF THE RESIDENTIAL SECTOR THROUGH DESIGN EDUCATION

Delta Studio was founded in 1996 and has become a provider of integrated interior solutions for architects, designers, developers and end customers.

At BREC AWARDS 2025 we recognize their merits in terms of education in the field of interior design, they are the ones who campaigned for collaboration with professional designers when this seemed more like a caprice.

QUALITY LIVING AWARD – IMOBILIARE.RO

TRANSPARENCY FOR A MORE MATURE MARKET

Imobiliare.ro with a 25-year history, started as an listings site and has become today probably one of the main sources of qualified leads for many developers, but also the actor that brings transparency where it is most needed – housing prices.

At BREC 2025 we are awarding the company for their efforts to mature this sector through transparency.

BREC AWARDS 2025: SPECIAL AWARD & STRATEGIC INVESTMENTS AWARD
BREC AWARDS 2025: SPECIAL AWARD & STRATEGIC INVESTMENTS AWARD 901 600 BUCHAREST REAL ESTATE CLUB

The annual BREC Christmas Party was a great opportunity to inaugurate BREC AWARDS, a new initiative designed to bring recognition to BREC members for their activity throughout the year in the real estate industry.

BREC AWARDS is our way to honour the visionaries who transform cities, redefine communities, and set new standards of excellence. BREC AWARDS has given us the opportunity to look closely at each member’s work in 2025 and highlight the investments, transactions, and companies that bring greater maturity and professionalism to the Romanian real estate industry.

SPECIAL AWARD – IULIUS COMPANY

25 YEARS OF EXCELLENCE IN TRANSFORMING ROMANIA’S CITIES

This year, the IULIUS Group marks two and a half decades of activity, a period in which it transformed itself from a pioneer of modern retail outside the Capital, into a developer with major investments in urban regeneration. The company currently owns eight projects, in Iași, Timișoara, Cluj-Napoca and Suceava, totaling 320,000 sq m of retail space and 240,000 sq m of offices. With 1,700 employees and investments of 1.2 billion Euros in Romania, Iulius is an important player in the economic life of the cities where it operates. The projects in the portfolio have generated cumulative economic benefits of over 330 million Euros to the central and local budgets, through taxes and duties.

We are granting a SPECIAL AWARD to Iulius for the way they contributed to the development of Romanian cities and for 25 years of excellence in real estate.

SPECIAL AWARD – HAGAG DEVELOPMENT EUROPE

ACTIVE CONTRIBUTION TO THE REVITALIZATION OF BUCHAREST’S HERITAGE – H STIRBEI PALACE

With this award, we recognize the vision of a player to invest in historical, heritage buildings when no one else was considering this.

With investments of over 150 million Euros and a budget of another 380 million Euros for the next period, Hagag Development Europe actively contributes to the remodeling and revitalization of Bucharest’s urban fabric. The investor set out with the intention of developing new landmarks for the local real estate market and raising the quality standard in the industry. They explored, invested and grew a market segment neglected by developers at the time, that of urban regeneration through the renovation, modernization and reconversion of old buildings with historical value.

We are granting a SPECIAL AWARD For the active contribution to the revitalization of Bucharest’s heritage and for the courageous investment in the Stirbei Palace.

SPECIAL AWARD – ONE UNITED PROPERTIES

INTRODUCING THE HOXTON BRAND & GLOBAL LIFESTYLE EXPERIENCES IN BUCHAREST

One United Properties started its activity as a residential developer, later investing in large-scale projects with multiple functions.

At BREC AWARDS 2025 we recognize their merits for the initiative to pay attention to historical buildings and at the same time to enter a new sector – hotels. On Academiei Street, in the dowtown of ​​Bucharest, One United Properties is investing in the restoration of three historical buildings, where they will bring a new brand to Bucharest: Hoxton!

STRATEGIC INVESTMENTS AWARD – CPI PROPERTY GROUP ROMANIA

EXTRAORDINARY ACHIEVEMENT IN ASSET TRANSFORMATION – SUN PLAZA

CPI Property Group owns a significant portfolio of 590,000 sq m in Romania: 340,000 sq m of offices and 250,000 sq m of retail space in cities such as Bucharest, Cluj-Napoca, Constanța, Pitești or Baia-Mare and is constantly investing in the modernization of its properties.

In 2025, CPI Romania initiated a significant modernization process of Sun Plaza. This redevelopment includes the expansion of the Zara store as well as the relocation of the Pull&Bear store. At the same time, Sun Plaza entered a major renovation phase this spring, aimed at integrating new retail concepts, including a modernized Auchan hypermarket but also international brands.

We are granting a STRATEGIC INVESTMENTS AWARD for the significant investments in the transformation of this asset.

STRATEGIC INVESTMENTS AWARD – LION’S HEAD

EXPANDING ROMANIAN PORTFOLIO THROUGH LOGISTICS DEVELOPMENT

Lion’s Head entered the local office market with the acquisition of Oregon Park. This year, it expanded its activity in Romania and began development in the logistics sector, in the southern area of ​​Bucharest.

The new project, which requires investments of 65 million Euros, is financed by the International Finance Corporation. We are granting a STRATEGIC INVESTMENTS AWARD for the courage to invest in an extremely competitive sector.

STRATEGIC INVESTMENTS AWARD – FIA IMOBILIAR BT PROPERTY

CONSISTENT REAL ESTATE PERFORMANCE

Starting this year, FIA Imobiliar BT Property became part of INNO Investments, the newest company of the Banca Transilvania financial group, specialized in the management of alternative investment funds. INNO Investments underwent a rebranding in June 2025, the former company OTP Asset Management, acquired by Banca Transilvania in October 2024.

We are granting a STRATEGIC INVESTMENTS AWARD for consistent real estate performance.

STRATEGIC INVESTMENTS AWARD – LOGICOR ROMANIA

PERFORMANCE IN URBAN LOGISTICS DEVELOPMENT

Logicor, a leading European logistics property owner, manager and developer has a portfolio of over 19 million sq m of warehouse space.

In Romania, Logicor is focused on Bucharest, where it has the largest presence, with over 250,000 sq m of a total portfolio exceeding 330,000 sq m of Class A warehouse space. The total value of Logicor’s portfolio in Romania exceeds 220 million Euros.

We are granting a STRATEGIC INVESTMENTS AWARD for performance in urban logistics development.

STRATEGIC INVESTMENTS AWARD – MEDCITY

PIONEERING HEALTHCARE BUILDING DEVELOPMENT

Through this STRATEGIC INVESTMENTS AWARD we recognize the merits of a company that has opened a new niche on the Romanian real estate market, namely medical buildings.

Medcity has reached 12 medical hubs in Romania, the most recent investments being in Craiova and Timisoara. We are granting them the award for the courage to pioneer the healthcare building development.

STRATEGIC INVESTMENTS AWARD – YELLOW TREE

EXPANDING INTO RETAIL – ARIA SHOPPING CENTER

Yellow Tree is a company active on the Romanian market since 2018. Today, Yellow Tree has a team of over 45 professionals specialized in all aspects of property management.

The year 2025 represented a milestone for Yellow Tree for a new beginning, starting the investment for the ARIA Shopping Center project, a new commercial concept in Sector 6, Valea Cascadelor area.

We award Yellow Tree for the decision to invest and expand in the retail sector.

STRATEGIC INVESTMENTS AWARD – META ESTATE TRUST

TRANSPARENCY & GOVERNANCE EXCELLENCE

META ESTATE TRUST is a holding company, founded in March 2021 by Romanian entrepreneurs, with experience in the real estate and capital markets. The company’s strategy is based on a mix of investment typologies with different return and risk profiles, with total assets worth 126.8 million lei as of September 2025. Listed on the AERO market of the BVB, the company has played an important role in the steps to legislate REITs and institutionalize the real estate market.

We are granting a STRATEGIC INVESTMENTS AWARD for for transparency and governance excellence.

iO Partners announces the appointment of Andrei Văcaru as Managing Director for Romania
iO Partners announces the appointment of Andrei Văcaru as Managing Director for Romania 620 600 BUCHAREST REAL ESTATE CLUB

04.12.2025

Andrei Văcaru as Managing Director iO Partners

iO Partners is entering a new leadership chapter in Romania with the appointment of Andrei Văcaru as Managing Director from 1/1/2026. After a transition period with Andrei till year end, Vlad Stanislav will take some time off before pursuing new opportunities. We wish him every success in his new endeavors, and we thank him for his contribution over the years.

Andrei’s appointment marks a natural evolution for someone who has been part of the company’s backbone for 18 years. He is one of the most consistent reference points for colleagues and clients alike, throughout every phase of the organization’s evolution, from its JLL heritage to the formation and growth of iO Partners. His experience spans multiple market cycles, structural shifts and strategic transitions, giving him a deep understanding of how the business operates and what it needs to perform at its best.

Throughout the last two and a half years, his leadership of the CEE Capital Markets team has redefined the company’s position in the region. Under his guidance, the team delivered its strongest results to date, completed landmark transactions across multiple markets and asset classes, grew revenue at an unprecedented pace, and built the reputation that now places iO Partners at the forefront of investment advisory in Romania and among the top players in CEE.

Andrei will continue to lead the CEE Capital Markets team while taking on his new role, further supporting our regional experts and facilitating cross border capital flows.

Beyond performance, Andrei has been instrumental in establishing iO Partners as a recognized regional brand, helping transform a new identity into a name trusted by global and local investors alike.

He brings into the role a long-standing connection with JLL. Having built his career inside the global platform and maintained close collaboration ever since, Andrei understands both operating models in depth. He is the bridge that aligns values and execution between iO Partners and JLL, a link that is a strategic advantage for clients in a setup that relies on balancing independence with partnership.

“Andrei has shaped this organization in ways few people have, and his judgment has been a stabilizing force through every transition we’ve gone through”, said Charles Boudet, CEO of iO Partners. “His appointment brings the continuity and market understanding we need as we move into the next phase of growth.”

“Stepping into this role feels like a natural continuation of the work we’ve been building for many years. I’ve worked through many stages of this company’s development, and that perspective helps me understand what differentiates us and what makes us strong. We have skilled people, solid partnerships and a clear direction. My focus now is to bring stability where it’s needed and pace where it matters”, said Andrei Văcaru, Managing Director of iO Partners Romania.

HILS Nord, the newest project signed by HILS Development
HILS Nord, the newest project signed by HILS Development 1067 600 BUCHAREST REAL ESTATE CLUB

• HILS Nord is a mixed-use residential development spanning 10 hectares, 100% electric, nZEB and Green Homes pre-certified, located in the immediate vicinity of Lake Șaulei with direct access to the A3 motorway.
• The project has a total investment value of approximately EUR 200 million, coming from bank loans and own sources.
• HILS Nord will comprise 2,705 apartments, along with 35,000 sq m of generous green areas, retail spaces and community-focused amenities.
• Phase 1 includes 1,200 apartments, 1,440 parking spaces and over 11,000 square meters of landscaped green spaces.
• Estimated completion deadlines are 2028 for Phase 1 and 2032 for the full project.
• Through HILS Nord, the company is expanding its activity to the northern part of the Bucharest, continuing its strategic direction of diversifying its portfolio through middle-premium developments that are sustainable and adapted to new urban living standards.

HILS Development, leader in the residential and mixed-use developments in Bucharest, announces the launch of the HILS Nord project, the seventh residential project in the company’s portfolio. The new project marks HILS Development’s expansion from the east of the Bucharest to the north and continues the strategic direction of diversifying the portfolio through middle premium developments. Developed on an area of 10 hectares, with direct access to the A3 motorway, the entire HILS Nord project will include 2,705 apartments, green areas, underground and above-ground parking lots, commercial spaces, a spa center with a fitness room and a park with a direct view of Lake Șaulei. According to current plans, Phase 1 will be completed in 2028, and the entire HILS Nord complex by 2032.

“We have two decades of residential development in Bucharest, with more than 12,000 homes delivered, a journey that started in the north, continued in the southern area, in the 4th district and Popești – Leordeni, and then expanded to the east. Today, we are naturally returning to the north through HILS Nord, right next to the first residential project we launched 20 years ago. It is a mature step in a solid journey, throughout which we have constantly adapted to the needs of the city and its people. HILS Nord marks the continuation of a growth and consolidation story, with well-designed, sustainable homes that are truly connected to the real dynamics of Bucharest,” says Ionuț Negoiță, CEO & Founder HILS Development.

HILS Nord, modern homes, responsibly built for the future

HILS Nord is a mixed-use project designed to offer a modern and connected lifestyle, in harmony with the principles of sustainability and respect for nature. Currently, Phase 1 of the project is under construction, covering 3.5 hectares and including 4 buildings with 1,200 apartments available for sale. Over 11,000 square meters of this phase are dedicated to green areas, children’s playgrounds, and community leisure spaces. Phase 1 will feature 1,440 parking spaces both above and below ground, as well as electric vehicle charging stations, promoting a modern and sustainable lifestyle. The development will benefit from pedestrian access to Lake Șaulei, while within the HILS Nord community, Phase 1 will include a park of approximately 5,000 square
meters, featuring an open-air amphitheater, walking paths and viewpoints overlooking the Lake Șaulei. HILS Nord is a 100% electric, nZEB, Green Homes pre-certified concept. The project, with a total investment value of EUR 200 million, includes photovoltaic panels to reduce energy consumption in common areas, air-to-water heat pumps, underfloor heating, generous glazed surfaces, and ventilated facades. The architecture features terraced building heights of 2, 4, 5, 6 and 11 floors, ensuring a harmonious transition toward the surrounding natural environment. In the next development stages, the project will also include retail areas, completing the experience of a modern and balanced lifestyle.

HAGAG EUROPE DEVELOPMENT diversifies its operations in Romania and enters the Energy sector, on the natural gas distribution and supply segment
HAGAG EUROPE DEVELOPMENT diversifies its operations in Romania and enters the Energy sector, on the natural gas distribution and supply segment 763 600 BUCHAREST REAL ESTATE CLUB

The company has opened a new local division – Hagag Energy – and plans to invest over €400 million on the energy market, while creating at least 200 new jobs in the upcoming years.

HAGAG Europe Development (TASE:HGGE) diversifies its operations in Romania and enters the energy sector through the acquisition of BTD Distribuție și Furnizare, a Romanian company specializing in infrastructure development, distribution, and supply of natural gas.

The acquisition marks Hagag’s entry in the structure of the existing company, taking over, in full, all current operations, including employees, systems, activities derived from successful tenders, as well as the rights and obligations resulting therefrom.

Moreover, the investor has opened a new local division to operate under the sub-brand Hagag Energy, and plans to invest over 400 million euros on the energy market, for the further expansion of its presence in the sector, over the upcoming years.

This new strategic division strengthens Hagag Europe Development’s local presence, complementing its already well-established activity in the real estate development sector, where the company is recognized as one of the most prominent in the industry.

“Over the past eight years, our real estate developments have redefined Bucharest’s urban landscape. Today, we are expanding our vision beyond buildings, taking a first step towards the evolution of the group here in Romania. We continue to be a trusted real estate developer, while also striving to establish ourselves as a strategic player in the energy sector, all guided by the core values that define us — long-term vision, innovation, reliability, quality, and the unwavering commitment to deliver positive social and economic impact. The distribution and supply of natural gas is, for us, just the starting line, as our global vision is to expand our company’s presence across more than one segment of the energy industry, in line with our approach in the real estate sector.”, said Yitzhak Hagag, Cofounder and Chairman of the Board of Directors of Hagag Europe Development.

Hagag Europe Development enters the local energy market in a privileged position, with a volume of 67 contracts covering the concession of the public natural gas distribution service, namely design, execution, and operation of natural gas distribution networks.

With three natural gas distribution networks completed and currently in operation, 21 in design phase, 23 under development, and 20 now in permitting, the company expects to commission a total of 64 new networks over the next 24 months.

“Romania remains the heart of our activity in Europe, and our goal is to grow here, together with the local market. At the same time, we see Romania as one of the main players in the natural gas field, with the national production covering between 70% and 80% of domestic consumption. Therefore, in the context of the energy sector’s evolution—encouraged equally by, but not limited to, the accelerated public investments in gas infrastructure and the Neptune Deep project —the decision to diversify our activity in this field comes at a time of progress not only for the industry but also for us as an organization.”, Yitzhak Hagag added.

By the end of 2027, the Energy division alone is set to create at least 200 new jobs. Furthermore, Hagag estimates an increase of at least 35% in the number of active customers generated by its natural gas distribution and supply activities.

50+20: Hercesa’s double anniversary in 2025
50+20: Hercesa’s double anniversary in 2025 800 600 BUCHAREST REAL ESTATE CLUB

On Thursday evening, October 16, 2025, Hercesa celebrated in Bucharest, alongside 350 guests, two major milestones in its history: the 50th anniversary of the Hercesa Group and two decades of development on the Romanian market.

People always at the center. This has been the guiding belief of Hercesa Inmobiliaria since its foundation in 1975 by Juan José Cercadillo Garcia, President of the Group. It was also the key message that emerged from the first part of the anniversary event, highlighted through speeches by the company’s founder; His Excellency José Antonio Hernández Pérez-Solórzano, Ambassador of Spain to Romania and the Republic of Moldova; Alejandro Solano, General Director of Hercesa Internacional; Romeo Ghica, Operations Manager of Hercesa Romania and Mirela Cojocaru, General Manager of Hotel Cișmigiu.

“This event not only commemorates years of effort, innovation, and entrepreneurial commitment, but also symbolizes the strong economic ties that unite Spain and Romania”, said H.E. José Antonio Hernández Pérez-Solórzano. “Spanish companies have invested in this country not only because of its economic potential but also due to the quality of its human capital, its strategic position in Europe and the deep connection with Spain.”

Spanish investments in Romania exceeded two billion euros until 2024. Among the 1,000 Spanish companies active in the country is Hercesa Romania, which celebrated its 20th anniversary last year, marking its first acquisition in 2004, the historic Hotel Cișmigiu.

“It’s only natural to look back and think about everything we’ve achieved since February 2004, when Juan José Cercadillo and my father, Javier Solano, made their first visit to Bucharest. During that trip, they knew they would return”, shared Alejandro Solano, General Director of Hercesa Internacional. “Shortly after, we acquired Hotel Cișmigiu. Many milestones followed: the groundbreaking of the Vivenda Residencias project in 2007, the delivery of the first homes in 2009, the real estate crisis, the reopening of  Hotel Cișmigiu in 2012, the launch of Stellaris Residencias in 2021, and Vivenda Prime in 2025. And we continue: we have land to develop over 3,000 new homes in Bucharest and remain firmly committed to this country, its people and its development.”

HERCESA IN NUMBERS

  • 50 million square meters of land under management
  • 30,000 homes delivered
  • 1,200 homes in Romania
  • 500 professionals within the group

Sema Real Estate officially enters the residential market with Sema Home
Sema Real Estate officially enters the residential market with Sema Home 800 448 BUCHAREST REAL ESTATE CLUB

Sema Real Estate, one of the largest Romanian-capital real estate developers in the country, announces the launch of the pre-sales process for the residential units in the first phase of the Sema Home project.

Located in the central-western area of Bucharest, Sema Home is the company’s first residential development and an integral part of Sema Parc, the most extensive urban regeneration project currently underway in the Capital.

The investment planned for this first development phase amounts to nearly €55 million and includes over 300 modern, energy-efficient apartments, designed to support a sustainable and balanced urban lifestyle.

“With the launch of Sema Home, we are opening a new chapter in the evolution of the Sema Parc development while officially entering the residential market with an integrated concept tailored to the real needs of today’s urban communities. Sema Home strikes a balance between premium standards and accessibility, setting a new benchmark for urban living in Bucharest, where quality, sustainability, and connectivity are key priorities,”
said Lucian Grosaru, CEO of Sema Real Estate.

Drawing inspiration from the “15-minute city” concept, already adopted in several European capitals and major cities, Sema Home ensures immediate access to all essential amenities: shops, offices, medical clinics, restaurants, schools, green spaces, and leisure options, all within walking distance or close to public transportation.

Petrache Poenaru metro station is just minutes away, and the project benefits from direct connections to major city arteries, offering a significant urban mobility advantage.

The first phase of the development includes a five-staircase residential building comprising 301 apartments, each designed with up to 20% more space than the market average. Every bedroom will feature an en-suite bathroom, a rare element in the standard residential segment.

The apartments will be equipped with underfloor heating, LG multisplit air conditioning systems, and Smart Home technologies for intelligent control over comfort, energy efficiency, and safety. Beyond its modern amenities, the project integrates international sustainability benchmarks, holding a BREEAM Excellent certification from the design phase. All buildings are constructed as NZEB (Nearly Zero Energy Buildings), in line with EU directives on energy efficiency and the use of renewable sources.

With a future-oriented approach, Sema Home introduces to the Romanian real estate market a European model of residential development, combining smart investment, true sustainability, and integrated urban comfort in a neighborhood that is already shaping its identity through cohesion, infrastructure, and long-term vision.

Sema Home is being developed on the site of the former Semănătoarea industrial platform, a space that has been transformed into a modern urban hub with mixed-use functions. The project is part of a masterplan covering over 41 hectares, which is redefining this area of the city and positioning it as one of the most attractive zones for living and investment in Bucharest.

BREC OMNICHANNEL CONFERENCE: Retail and Logistics Deliveries Exceed 330,000 sqm for Q1-Q3 25
BREC OMNICHANNEL CONFERENCE: Retail and Logistics Deliveries Exceed 330,000 sqm for Q1-Q3 25 901 600 BUCHAREST REAL ESTATE CLUB

Retail and logistics deliveries totalled 339,600 sqm in the first three quarters of 2025, according to data presented by iO Partners during the Omnichannel Conference held  in Bucharest.

In the retail market, total deliveries reached 148,000 sqm in the first nine months. The largest projects were Mall Moldova in Iași (62,000 sqm, extension), Agora Mall in Arad (36,000 sqm, reopening after renovation), and Iulius Mall Suceava (14,500 sqm, extension).

Romania continues to attract new international brands in fashion, sports, and fast food, despite a period of cautious consumer spending. Recent market entries include Wendy’s, Funky Buddha, Sports Direct, and Action.

The retail portfolio of CPI Romania, comprising 250,000 sqm across Bucharest, Constanța, Cluj-Napoca, Pitești, Baia Mare, Iași, and Botoșani, continues to perform strongly with an occupancy rate of 98%. This result reflects the owner’s strategic investments in modernizing the shopping centres and attracting leading international brands. In September, Primark opened a new 5,000 sqm store at VIVO! Cluj-Napoca, with a 3,700 sqm retail area spread over two floors.

In Bucharest, Calea Victoriei has become over the years the city’s luxury retail hotspot, home to brands such as Louis Vuitton, Hugo Boss, and Max Mara. A milestone for the area’s development will be the opening of H Știrbei Palace, owned by Hagag Development Europe, scheduled for the end of this year. The investor will launch Romania’s first department store, featuring collections from Dior, Saint Laurent, Valentino Garavani, Celine, Loewe, Dolce & Gabbana, Santoni, Roger Vivier, Amina Muaddi, Rene Caovilla, Jimmy Choo, Moncler, and other prestigious brands.

Prime retail rents are on an upward trend, driven by strong demand and low vacancy rates. In Bucharest, rents have reached €85/sqm/month, while in Cluj-Napoca, Timișoara, and Iași, they range between €55–65/sqm/month. The stock of modern retail spaces currently stands at 1,253,000 sqm in Bucharest, 240,000 sqm in Timișoara, 237,000 sqm in Iași, and 158,000 sqm in Cluj-Napoca.

In the logistics and industrial parks sector, total deliveries reached 191,600 sqm in the first nine months of the year. The Top 10 leasing transactions accounted for 284,800 sqm, with 41% of tenants coming from the retail and consumer goods industries.

VGP’s Romanian portfolio has surpassed 420,000 sqm of gross lettable area this year, with properties in Bucharest, Brașov, Sibiu, Timișoara, and Arad. One of the year’s highlights was the opening of VAT Group’s global production center in Arad—the company’s third facility worldwide, after Switzerland and Malaysia. VGP currently has 160,000 sqm under development, scheduled for completion in Q1 2026, when the Romanian portfolio will exceed 600,000 sqm.

Logicor is a leading owner, manager, and developer of European logistics real estate. Its portfolio spans over 19 million sqm of warehouse space in key transportation hubs and near major population centres, supporting over 2,200 customers. The company’s strategy focuses on expanding its presence in high-demand and strategic European markets. In Romania, this means a continued emphasis on Bucharest, where it holds the largest footprint, with over 250,000 sqm of a total portfolio exceeding 330,000 sqm of Class A warehouse space. The total value of its current portfolio in Romania exceeds EUR 220 million.

HILS Development completes full sale of HILS Brauner, strengthening its presence in Bucharest’s Eastern Area
HILS Development completes full sale of HILS Brauner, strengthening its presence in Bucharest’s Eastern Area 800 600 BUCHAREST REAL ESTATE CLUB

HILS Development, a leading company in residential and mixed-use developments in Bucharest, announces the complete sale of the HILS Brauner residential complex, located in the eastern part of the city, in the Theodor Pallady – Victor Brauner area. Featuring 8 buildings, 1,336 apartments, and over 2,500 residents, the project has become a new landmark for modern urban living in the Romanian capital.

With this milestone, the company now counts three fully sold residential developments – HILS Pallady, HILS Splai, and HILS Brauner – totaling over 3,300 apartments in Bucharest’s eastern area.

“HILS Brauner confirms that when you build responsibly, results follow naturally. We designed this project for a generation that values comfort, proximity, and balance, and the sales pace clearly reflects that these values resonate with our buyers. HILS Brauner is a place where people can truly live well, not just reside. Every apartment, green space, and accessibility feature was designed with everyday life in mind. The fact that the project is now completely sold motivates us to continue investing in Bucharest’s eastern districts and to create increasingly connected and sustainable communities,” said Bogdan Bălașa, General Manager, HILS Development.

The development of HILS Brauner has visibly contributed to the transformation of the Pallady – Victor Brauner area. New retail and service investments have emerged around the complex, infrastructure and utilities have been upgraded, and today the area is among the most dynamic in Bucharest’s east.

The complex stands out for its efficient layouts, generous green spaces spanning over 8,500 sqm, playgrounds, relaxation areas, a football field, a coffee shop at the entrance, and an 8-level parking facility offering 1,363 parking spaces for residents and visitors. Strategically located just 600 meters from the Nicolae Teclu metro station, HILS Brauner provides easy access to public transport, shopping areas, and educational facilities, including the upcoming Victor Brauner Educational Complex, opening in 2025, with capacity for 450 students.

Long-Term Vision: Urban Regeneration and Sustainability

HILS Brauner joins the strong portfolio of HILS Development alongside HILS Pallady, HILS Splai, HILS Titanium, HILS Sunrise, and HILS Republica—projects that collectively contribute to transforming Bucharest’s eastern area into a modern, well-connected, and sustainable residential zone.

Currently, HILS Titanium is in its second development phase, featuring over 10,000 sqm of green areas and modern comfort solutions, while HILS Sunrise marks a first for the eastern part of Bucharest as the first pre-certified Green Homes residential complex in the area. Meanwhile, HILS Republica stands as the largest urban regeneration and mixed-use development project in Bucharest’s east, setting a benchmark for the company’s future investments.

Building two schools that will cater to over 1,000 children and infrastructure development in Sector 2 of Bucharest, with a total investment of EUR 27 million
Building two schools that will cater to over 1,000 children and infrastructure development in Sector 2 of Bucharest, with a total investment of EUR 27 million 971 600 BUCHAREST REAL ESTATE CLUB

One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, continues its development plans in Sector 2 of Bucharest with significant investments in infrastructure and educational facilities that will serve the entire local community. The company has started construction work on two schools based on the Romanian curriculum, located within the One Academy Club and One Lake District developments, which will accommodate over 1,000 children. These schools are benefiting from an investment of approximately EUR 19 million. The developer has also already identified land for the expansion of both schools, so that in the future they will be able to accommodate an additional 1,000 students, reaching a total capacity of 2,000 students.

The construction of these educational facilities in an area undergoing rapid urban development is part of the company’s urban responsibility strategy, aimed at having a positive impact on the city. The One Academy Club development will include a school and kindergarten, for which the developer will allocate an investment of approximately EUR 12 million. This educational facility will serve preschool, primary, and secondary school students, with a total capacity of 714 students. It will also offer facilities such as a gym, after-school program, cafeteria, library, outdoor sports field, laboratory, and medical offices. The school will operate in a building with an area of 7,695 square meters, another 2,491 square meters will be allocated for the kindergarten, and the sports hall will cover 1,271 square meters.

The school, located within the One Academy Club development near Lake Tei, will run programs in collaboration with the Sfânta Tecla Foundation to get involved in charitable initiatives and support the association’s projects, which aim to improve the quality of life and provide essential resources for children and families in need. Alongside Adrian Ciorobea and Virginica Dumitrescu, the main sponsors, One United Properties is the third sponsor of the Sfânta Tecla settlement. The programs of the settlement are designed to be a support for the community, whether through assistance to vulnerable families, support for young people in their education, or social integration projects. The collaboration between the school and the association aims to support community activities in the area, set up creative and educational workshops, and get involved in charity projects.

In addition, One United Properties has also invested in the infrastructure of this area, with the purpose of supporting mobility and facilitating a quality life for future communities. Thus, an investment of EUR 6 million, carried out by the company together with other real estate developers present in this area, was allocated for the construction of 3.5 kilometres of new roads, with completion estimated for the end of this year. These include branches that will connect the developments in the Fabrica de Glucoză area and the future educational facility. All works are being carried out in accordance with the CTC and Traffic Police approvals, and the new streets are intended to reduce traffic pressure on Șos. Fabrica de Glucoză, by redistributing it to secondary roads and providing direct access to Șos. Petricani, as well as increasing accessibility to residential projects and the educational facility.

”One United Properties believes that smart urban development means more than just modern architecture and energy-efficient buildings. It means providing people with access to essential infrastructure and services that are part of their everyday lives. Our investments in educational facilities and road infrastructure are an expression of a responsibility that we take seriously: to build functional and sustainable communities where future residents can enjoy a high quality of life in a well-connected and complete neighbourhood”, said Andrei Diaconescu, co-founder and co-CEO of One United Properties.

The second educational facility built by the company in Sector 2 is located within the One Lake District development, on the shores of Lake Plumbuita. This facility benefits from an investment of approximately EUR 7 million and includes a school and nursery, serving preschool, primary, and secondary education and is designed for a total of 330 students. Related services include a sports field, medical offices, administrative spaces, etc.

One United Properties is also investing EUR 2 million to create the road infrastructure needed to provide access and ease traffic flow in this area. A 5-lane road with traffic lights, connected to Gherghiței Street, will facilitate access to the development. This will be complemented by two other access roads connected to Intr. Gherghiței: a 3-lane access road leading to the Lidl supermarket and another 2-lane road leading to the McDonald’s restaurant. These investments also include a promenade open to the public, along Lake Plumbuita. The promenade will be at least 6 m wide, with a developed area of 600 sqm and 4,500 sqm of green space, equipped with rest and socializing areas, vegetation zones, and landscape observation points.

Start Typing