Prime Kapital has announced the completion of construction for the third phase of the mixed-use scheme Silk District Phase 3 ahead of schedule, taking the total number of completed apartments over 1,000.
Retail developers continue to accelerate expansion plans across Romania, with projects totalling more than 750,000 sqm currently in construction and planning stages for delivery until 2029, according to a report by Cushman & Wakefield Echinox.
Property developer Prime Kapital has secured a €150 million syndicated loan arranged by UniCredit Bank Romania and Alpha Bank Greece to refinance Mall Moldova.
Romania's modern retail market exceeded 5 million sqm in 2025, following deliveries of approximately 190,000 sqm of new retail space, around 20% above the five-year average, according to Colliers' annual report.
Prime Kapital has obtained the construction permit for the first phase of its new residential project in Silk District: Loom. This represents the fourth stage of the urban regeneration project in Iași, developed on the site of a former silk factory.
Erste Group Bank AG has provided a €85.5 million refinancing facility for Argeş Mall in Piteşti, developed by Prime Kapital.
Romanian public investment fund Lion Capital is the main buyer of a new bond issuance of PK Development Holding, a company controlled by Prime Kapital, which is guaranteed by a mortgage in the recently opened Mall Moldova.
Prime Kapital will start in Q4 2025 the construction of a new multi-phased residential project as part of the Silk District mixed-use complex in Iași.
Prime Kapital has secured a €20 million financing facility from Garanti BBVA for the third phase (residential) of its Silk District urban regeneration project in Iași.
Prime Kapital Resi has 500 homes under construction in Romania, after having delivered 1,650 homes across three Romanian cities between Q1 2022 and Q4 2024.
Prime Kapital will open Mall Moldova on April 17, with Cushman & Wakefield Echinox providing strategic consultancy to the developer.
Prime Kapital Development and MAS PLC are preparing to open their new Mall Moldova project in Iași next month.
New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox.
DIY retailer Leroy Merlin has leased around 11,000 sqm for a new store that will open in Iași-based Mall Moldova during H1 2025.
Prime Kapital has started the development of close to 600 apartments in Bucharest and Iași following the completion of 700 residential units in both cities.
Romania's retail stock expanded by around 106,000 sqm during H1 2026, with another 205,000 sqm under development that could help the country reach the 5 million sqm milestone at the end of 2026, according to a Colliers report.
Romania has achieved a significant fiscal adjustment in the first five months of 2026, narrowing its budget deficit to RON 35.94 billion (€7.19 billion), or 1.75% of GDP.
Deloitte Technology Delivery Center announces the appointment of Emilia Dumitrescu as Managing Director, effective June 2026. She has also been promoted to Deloitte Partner and succeeds Marcus Williamson, Partner, Deloitte UK, upon the completion of his three-and-a-half-year mandate.
Enevo Group and Kraftfeld have signed a contract for the construction of a battery energy storage system (BESS) with a power of 110 MW and a capacity of 220 MWh, at Drăgăneşti-Olt, in Olt county, Romania.
Connections Consult announces the conclusion of two significant subsequent contracts with a public institution in Romania. Each of them has as its object migration services of cybersecurity applications and hardware and software accessories.
Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (GMF II), announced financial close for the 392 MW Peștera II onshore wind project in Constanța County. The project represents one of the larger investments in new renewable energy infrastructure in Romania and one of the larger project finance transactions in CEE.