Zacaria starts new resi phase in Sibiu project

Business Forum
Local developer Zacaria has kicked off the development of the second phase of the Valletta Park residential complex in Sibiu.

This new phase introduces 196 two, three, and four-room apartments across six buildings, 315 underground and above-ground parking spaces, 80 storage units, and over 4,500 sqm of green and relaxation areas. 

Modern amenities include a playground, electric car charging stations, commercial spaces, civil defense shelters, and visitor parking.

The developer has selected CONLAN Grup as the construction contractor for the residential complex.

The Zacaria group is formed of 12 different companies, covering projects such as residential housing, apartments and logistics parks.

RECOMMENDED
Cloud9 launches second phase of resi project in northern Bucharest
Real estate

Cloud9 launches second phase of resi project in northern Bucharest

Cloud9, part of Alfa Group's real estate division, has begun construction on the second phase of its Cloud9 Evolution residential project in northern Bucharest. The company is investing €80 million in this phase, part of a total €170 million budget for the entire development.

Compa launches second phase of resi project in Sibiu
Real estate

Compa launches second phase of resi project in Sibiu

Compa, one of Romania's largest automotive component manufacturers, announced the second phase of Arsenal Residence, a residential project in central Sibiu next to Sub Arini park. The total investment will exceed €30 million, confirming the company's strategy to diversify its portfolio and actively participate in urban development.

Hils Development completes sale of resi complex in Bucharest
Real estate

Hils Development completes sale of resi complex in Bucharest

Romanian developer Hils Development has announced the complete sale of the Hils Brauner residential complex, located in eastern Bucharest in the Theodor Pallady - Victor Brauner area. The project comprises 1,336 apartments and over 2,500 residents.

Speedwell boosts financing for resi complex in Bucharest
Real estate

Speedwell boosts financing for resi complex in Bucharest

Speedwell is strengthening its collaboration with Garanti BBVA Romania through a new €8 million financing agreement. The facility will fund the development of Building C8, the fourth building within The Ivy, Speedwell's residential project near Băneasa Forest. With this deal, Garanti BBVA's total financing for The Ivy now reaches almost €40 million.

Prima Development acquires new land plot in Bucharest
Real estate

Prima Development acquires new land plot in Bucharest

Prima Development Group has acquired a two-hectare plot adjacent to its new residential project Prima Solis, launched this summer. The transaction worth nearly €4 million will allow the expansion of the complex with approximately 700 apartments.

RECOMMENDED FROM THE HOME PAGE
Agriculture

Norofert launches capital raise for strategic growth

Norofert, the Romanian producer of organic agricultural inputs and biotechnology provider, has started a share capital increase to raise up to RON 9 million (€1.8 million) following approval from the Financial Supervisory Authority.

Economy

Romania passes key OECD tax evaluation milestone

Romania's Ministry of Finance has announced the adoption of a Formal Opinion by the Organisation for Economic Co-operation and Development (OECD) Committee on Fiscal Affairs, following the country's evaluation as part of its accession process to the OECD.

READ MORE
Business Forum  |  11 February, 2026 at 1:00 PM
Business Forum  |  10 February, 2026 at 6:08 PM