New Bucharest mayor focuses on delivering key plan for real estate development

08
Dec
2025
News - New Bucharest mayor focuses on delivering key plan for real estate development #Bucharest #Ciprian Ciucu #development #mayor #PUG #Romania

by Property Forum | Report

Ciprian Ciucu, the Sector 6 mayor, has been elected as the new mayor of Bucharest with 36.16% of the votes secured in Sunday's elections. Based on his recent statements, one of his priorities will be the completion of the Urban General Plan (PUG), which should unlock new real estate developments based on the needs of the city.


“Bucharest needs a modern General Urban Plan that channels growth into underused and former industrial zones, not into established neighborhoods. Planning must reflect the city’s vision, not developers’ agendas,” said Ciucu in early December for gandul.ro.

During the same interview, the mayor said that he likes the development model of Madrid.

"(There—editors note) if you intend to develop a significant number of units in an area—perhaps 2,000 to 3,000—let us negotiate. Developers are being told: do you want to build? Then let us build the infrastructure first. We will install the utilities and roads, but in exchange, you must transfer 30% of the land to the municipality or provide the equivalent value in units to be used as social housing.”

He also stated that “In Sector 6 we have required compliance with planning law and sound urban principles. We have taken on developers in court where needed—and won—because protecting Bucharest’s interests means seeing cases through.”

Furthermore, the incoming mayor said the City Hall will launch an Urban Zoning Plan (PUZ) to regenerate the Magheru–Victoriei corridor and extend towards the Old Town.

“The goal is a destination street environment—less through traffic, better air, more retail and public realm—backed by rules-based planning, monetized parking, and a shift to public transport,” said Ciucu in early November in an interview for Radio Guerilla.

Ciucu, aged 47, has been mayor of Sector 6 of Bucharest since 2020.




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New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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