9 Billion Euros in Public and Private Investments in Constanța

Public and private investments of over EUR 9 billion are transforming Constanța into a medium- and long-term regional development hub, with multiple opportunities for the real estate sector, according to an analysis by Romania Property Club.

Energy, agriculture, maritime transport, security, and tourism are Constanța’s main strengths. The Port of Constanța has EUR 1 billion in investments underway: infrastructure works, access roads, and utilities, aimed at developing specialized terminals in the Constanța South port – Piers IIIS (45 ha operating platform, 11 ha logistics area, 7 berths) and IVS (110 ha operating platform, 25 ha logistics area, 10 berths).

CNAIR has launched a tender for the design and execution of the Techirghiol Alternative – 30.59 km, the motorway that will connect Constanța to Olimp. The new motorway will start from the Cumpana Interchange (A2 – A4), continue with a new bridge over the Danube – Black Sea Canal (Agigea area), have 3 other interchanges (Agigea – Eforie Nord, Techirghiol & 23 August), and reach the vicinity of the existing Olimp roundabout. The contract duration includes a 12-month design period and a 36-month execution period, with an estimated start date in 2025. The infrastructure project brings new opportunities for the hotel and residential sector in the southern part of the Romanian seaside.

The entry of brands such as Crowne Plaza or Radisson BLU into the local market in Constanța represents a vote of confidence in the Romanian seaside.

Over 1,000 internationally affiliated hotel rooms are under development, with opening dates between 2024 and 2028 as follows:

Constanța Hotels Pipeline Classification Number of rooms Operator Estimated Opening Date
Crowne Plaza Mamaia 4* 100 Intercontinental HG 2024
Radisson BLU Mamaia 5* 330 Radisson HG 2027
Mamaia Hotel 5* 200 International 2028
Constanta Hotel 4* 75 International 2025
Constanta Hotel 3*/4* 300 International 2027/2028
TOTAL 1,005

After Iasi, Timisoara, and Cluj-Napoca, IULIUS is working on a complex development in Constanța. The project is based on a partnership between the investor and Oil Terminal on a 38-hectare centrally located site, near the port and the train station. The investment process begins with the ecological restoration of the area; the land previously hosted oil product storage facilities and has remained unused for the last 10 years. The project will integrate urban gardens, offices, a shopping and entertainment area, educational and cultural facilities, as well as integrated infrastructure to support mobility and connectivity.

Constanța enjoys one of the highest densities of commercial space in Romania (800 sqm/1,000 inhabitants), due to its attractiveness and increased traffic during the summer months. Prime rents requested are EUR 60/sqm for shopping centers, EUR 8-14/sqm for retail parks, and EUR 35/sqm for high-street spaces.

Frequently Asked Questions

What is the total value of investments in Constanța?

Constanța is currently attracting over EUR 9 billion in both public and private capital across infrastructure, energy, and tourism.

What infrastructure projects are planned for the Port of Constanța?

The Port has EUR 1 billion in active investments for infrastructure, utilities, and new specialized terminals at Piers IIIS and IVS.

When will the Techirghiol Alternative motorway be completed?

With an estimated start in 2025, the project has a 12-month design and 36-month construction timeline, totaling a 4-year duration.