Property developer Speedwell says it has fully repaid a €10.1 million loan granted by BRD Societe Generale Group for the residential component of the Record Park mixed-use project in Cluj-Napoca. 

The Faculty of Law within Babeș-Bolyai University paid 40 million lei (around €8.1 million) to purchase Opera Plaza Hotel in Cluj-Napoca. The building will serve as the new HQ of the public educational institution. 

German DIY retailer Hornbach will open its second store in Cluj-Napoca this summer, according to a statement of Optim Project Management, which manages the development process. 

Asking prices for apartments and houses in Romania gained 3% in the first quarter of 2021 compared to the same period of 2020, but the yearly growth rate cooled down due to the reduction of demand and the increase of stock available for sale, according to a report by Imobiliare.ro. 

Cluj-based office building Amera Tower has received a pre-certification as a "zero waste building" and is working towards obtaining the full certificate from the Zero Waste Europe organization, making it the first project in Romania that gets this label. 

Over 230 real estate projects in Romania have been certified to meet health, safety and sustainability standards and the pandemic has boosted the efforts of developers to meet targets for such ratings, according to Colliers. 

Local developer SDC Imobiliare, along with overseas investment funds, has launched what they claim to be the biggest real estate project in Romania. The Transilvania Smart City mixed-use, estimated to require an investment of €700 million, would see the construction of 10,000 apartments, a shopping centre, schools, supermarkets, a hotel and an aparthotel, office space, parks, and conference rooms in Cluj-Napoca. Work on the project is set to start in January 2021.

The final stage of the Cluj Business Campus mixed-use project in Cluj-Napoca has been completed following a €27 million investment. The project comprises over 30,000 sqm of Class A office space and apartments.

Urbano Parks, a development company created by entrepreneurs Mircea Ilea, Alexandru Serban and Daniel Paraschiv in Cluj-Napoca, said over 95% of construction works on the first phase of Urbano Cluj Vest logistics park have been completed. The first tenants could move in next month.

Kinstellar has successfully advised its client, Ideal Projects (a joint venture between the Vetimex and Mirus groups) on the successful negotiation, signing, closing and refinancing of the Cluj-based Vivido, Advancity, and Cube office projects. This is the largest office acquisition outside Bucharest in Romania this year, with a total value exceeding €30 million.