Office leasing activity in Cluj-Napoca exceeded 18,000 sqm in 2025, following a strong 2024 that recorded 50,000 sqm of office space leased.
Iulius has secured a €305 million syndicated loan facility to strengthen its development strategy. This represents the first unitary refinancing in Romania for a portfolio of multiple buildings with different functions within a mixed-use project - Palas Iași.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
Iulius and Atterbury Europe have completed a €40 million investment in the expansion of Iulius Mall Suceava.
Romanian developer Iulius will start this month a remodelling of its mixed-use project Palas Iași, based on a concept by architecture firm Foster + Partners.
Romanian developer Iulius has comissioned UK-based Foster + Partners architecture studio to work on two projects in Romania.
Romanian developer Iulius says its entire portfolio holds green certifications or is pending certification, with more than 500,000 sqm being included in the LEED standard for green buildings.
The lease renewal is one of the most significant transactions this year, both in the Cluj-Napoca market and in the office market overall.
Romanian developer Iulius is investing €40 million in the expansion of Iulius Mall Suceava that will increase the leasable area of the project to 60,000 sqm.
Romanian developer Iulius has obtained the urban zoning plan (PUZ) from the local council for a new urban regeneration project in Cluj-Napoca that will have a planned investment of more than €500 million.
Banks in Central Eastern South-Eastern Europe report improving trends, with credit demand remaining robust, particularly from companies, while banks anticipate improvement in credit supply following a period of contraction.
Agroland Business System has completed the acquisition of Avirom, a Romanian company specialising in day-old chick and duckling production.
Romania's trade balance deficit (FOB/CIF) for January-November 2025 reached €29.77 billion, down €299.6 million (-1.0%) compared to the same period in 2024, according to data published by the National Institute of Statistics (INS).
Law firm Kinstellar has assisted renewable energy developer Big Mega Renewable Energy on approximately €100 million project financing with a syndicate of lenders for the construction and operation of the Văcăreni wind farm located in Tulcea County, Romania.
Romania's Competition Council has fined eight companies a total of €32.15 million for participating in an anti-competitive agreement to divide the labour market and limit employee mobility while keeping human resource costs low.