Novarion Hubix EF TLH, the project company set up to develop phases E and F of The Lake Home in Sibiu, has secured €9.5 million in financing from UniCredit Bank. The funds will support the construction of blocks E and F within the mixed-use residential development on the shores of Lake Binder. The project is being developed in partnership by Novarion, acting as capital partner and Development Manager, and Hubix, serving as equity partner and Investment Manager. Construction will be carried out by Novarion DMX Construction, a Sibiu-based general contractor with over 11 years of experience.

Daniel Tudor, Founding Partner and CEO The Concept Group, spoke to Property Forum about the maturing residential market and the firm's strategic goal to exceed the threshold of €500 million in portfolio under management. He also mentioned the expansion plans for the company and role of energy efficiency in making residential projects competitive.

Logistics developer WDP is set to bolster its strategic position in Romania by launching three new industrial projects totalling approximately 40,000 sqm.   

Primark continues its expansion in Romania and confirms the opening of four new stores in 2026. The international fashion retailer announced new stores in Sibiu and Bacău, joining previously announced openings in Iași and Craiova.

Romania Sotheby's International Realty has listed a former hunting lodge built for Nicolae Ceaușescu in 1985 for €995,000. The property, now known as Hadar Chalet, is located in Gura Siriului, Buzău county, approximately one hour from Brașov.

Romania's retail sector delivered 186,000 sqm of new shopping centres and retail parks in the first three quarters of 2025, already exceeding the 180,000 sqm delivered across the entire 2024. Developers plan to complete an additional 30,000 sqm by year-end, bringing the total annual supply to approximately 217,000 sqm.

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.

Oasis Retail Development & Consulting has announced the completion of the third development phase of Prima Shopping Center, the largest retail park in the central-west region of Romania, which now covers 60,000 sqm.

Local developer One United Properties has signed a preliminary agreement to acquire a plot of land located on the former FLARO industrial platform in Sibiu. 

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