2025 CLUJ-NAPOCA KEY FIGURES
25 BLN EUR The value of the annual private business sector
400 MLN EUR The biggest financing ever recorded in Romania for Rivus
32 HA LAND The largest land deal: Hexagon acquired CUG platform
3,183 EUR/SQM The biggest price for new apartments nationwide
75 MLN EUR Knauf’s new investment in the Huedin plant, producing plasterboards
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Following much anticipated mixed-use project of Iulius – Rivus- on the former 14-hectare Carbochim platform, an investment totaling half of billion Euro, a new, bold announcement was recently made: Romanian-based Hexagon acquired the former CUG. Iulius has made progress with its Rivus project, obtaining a €400 million syndicated financing provided by Erste Bank, BCR, EBRD, and BRD. The investor is in the final stage of obtaining construction permits.
While public investments haven’t made the estimated progress, the private sector shines. Nearly 200 international investors with a headquarters in Cluj and hundreds of high-profile Romanian champions are running companies with a collective turnover of almost 25 billion EUR. The vast majority of international companies are centered around IT services, energy, transportation, pharma, and production, while native firms focus on retail, IT services, mining, and production of cement, plastic goods, and construction businesses.
No surprises for the local residential sector: Cluj remains Romania’s most expensive residential market. The average asking price for new apartments in Cluj-Napoca reached €3,183 per usable square meter in September, according to the Imobiliare.ro Index. This represents a 17% increase compared to the same period last year.
As the real estate market undergoes a significant transformation, developers are increasingly tasked with integrating energy-efficient practices and adhering to evolving standards and certifications. Veolia România, through its local ecosystem of companies, follows an approach that focuses on reducing carbon footprints, reusing resources and minimizing their usage and consumption, and enhancing cost efficiency. Jean-Michel Djeloyan, Deputy Director of Development, Veolia Romania: “By significantly lowering CO2 emissions, often up to 90% compared to conventional systems, the GeoExchange solution can enable real estate developers to achieve stringent ESG benchmarks.”
Cluj is most certainly the hottest retail market in Romania right now. New market entrants, award-nominated transactions, three schemes under development, and increasing wages draw attention to the region. Cluj-Napoca stays behind when talking about modern retail stock: only 158,000 sqm, as opposed to 240,000 sqm in Timișoara and 237,000 sqm in Iași. The new deliveries will bring more equilibrium to this thriving city.
Transilvania Constructii is one of the key-players on the real estate market from Cluj-Napoca with an impressive portfolio. TRC Parks network includes three industrial parks in Cluj County (TRC Park Transilvania, with approximately 97,000 sqm of leasable space; TRC Park Cluj Airport, with 21,400 sqm; and TRC Park Jucu, with around 40,100 sqm).
RPC CLUJ-NAPOCA REAL ESTATE OVERVIEW
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