IN THE SPOTLIGHT

Constanta, one of Romania’s main touristic destinations, continues to attract the interest of hotel investors and operators, but still flies under the radar, as compared with other regions.

The historically high traffic posted in 2023 – over 90 million tons of cargo – provided further incentive to central authorities to upgrade existing facilities.

Following the success of the first phase of the complex, One United Properties has obtained the construction permit for Phase 2 of the One Mamaia Nord complex, with a total built area of approximately 17,000 square meters, currently under development.

Following major regeneration projects in Iasi, Timisoara and Cluj-Napoca, real estate investor Iulius works on a complex development in Constanta. The project is based on a partnership between the investor and Oil Terminal on a 38-hectare plot of land centrally located, close to the port and train station.

The Constanta logistics market is still pending solid demand in order to grow and match the economic prospects the county is promising.

Constanta continues its journey as a leader region for Romania, enhancing its strategic role at the Black Sea. The 775,000-population county is a critical place on the map where double-digit billion EUR private and public investments are pursued for the next decade.