River Development moves all projects under Sema umbrella

Business Forum
Romanian investor and developer River Development has announced its rebranding as Sema Real Estate, with all current and new projects to be reunited under this umbrella. 

At the same time, the developer has announced plans for its first residential project that will include mixed functions. The residential complex will be in the southern part of Bucharest-based Sema Parc and its construction is expected to start in Q1 2024. 

”The keyword SEMA is already recognized for our flagship project, Sema Parc, one of the most significant mixed-use developments in Bucharest, that includes office buildings, commercial spaces, and a residential area. The rebranding emphasizes the legacy and importance of this project to the company's identity and its role in shaping its future developments with professionalism and enthusiasm,” says Oana Rădulea, Managing Partner of Sema Real Estate. 

Sema's portfolio comprises two major reconversion projects in the central-western part of Bucharest. 

RECOMMENDED
NBI records €22 million in transactions in Bucharest
Real estate

NBI records €22 million in transactions in Bucharest

Bucharest and Ilfov County accounted for 26.1% of all real estate transactions recorded in Romania in October 2026, according to data from the National Agency for Cadastre and Land Registration (ANCPI). Bucharest registered 11,086 properties sold, while Ilfov County recorded 3,462 transactions, together totalling 14,548 deals. The figures come despite a 4.8% year-on-year decline in the number of properties traded nationally compared to October 2025.

The future office needs to work harder to bring people back
Real estate

The future office needs to work harder to bring people back

The return to the office, rising fit-out costs and growing expectations around employee experience are changing how companies choose their workplaces. At SEE Property Forum 2026 in Bucharest, industry experts discussed how landlords can respond through more flexible spaces, energy-efficient technologies and amenities that encourage employees to return, while occupiers increasingly prioritise long-term adaptability alongside location and cost.

Star Invest appoints ex-BVB CEO as CFO
Real estate

Star Invest appoints ex-BVB CEO as CFO

Star Residence Invest, the first investment platform listed on the Bucharest Stock Exchange (BVB) dedicated to the real estate sector, has appointed Adrian Tănase as CFO.

RECOMMENDED FROM THE HOME PAGE
Bucharest yields remain well above Western European levels
Real estate

Bucharest yields remain well above Western European levels

Bucharest is consolidating its position within the Central and Eastern European (CEE) real estate market, combining rental growth across major asset classes with investment yields that remain well above Western European levels, according to the DNA of Real Estate Europe Q2 2026 report published by Cushman & Wakefield. Across Europe in Q2 2026, prime office rents rose 4.5% year-on-year, retail rents increased 3.0%, and logistics rents grew 2.4%, while investors remained selective as yield movements pointed to a more balanced market following the repricing cycle of recent years.

Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.