Logicor

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.

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.

Start Typing