A Strategic Investment in Moldova by Fiba Commercial Properties
Fiba Commercial Properties (Fiba CP), in partnership with Summa, has broken ground on a €40 million mixed-use development in Chișinău, the capital of Moldova. The project brings together two international hotel brands and next-generation healthcare infrastructure, including Marriott Moxy, Residence Inn by Marriott, and Medpark City Clinic. It aims to position Chișinău as a regional hub for business and health tourism.
Highlighting that the investment reflects Fiba Group’s long-term confidence in the region, Fiba Group Chairman Murat Özyeğin stated: “We know the region well and recognize its potential. Through our investments, we will continue to create long-term value for both our Group and the country.”
Emphasizing their strategic progress toward positioning Fiba CP as a globally recognized brand through international achievements, Fiba Commercial Properties CEO and Board Member Yurdaer Kahraman stated: “With this project, we aim to address a significant regional need by offering healthcare and accommodation solutions at international standards. This investment is also a concrete reflection of our vision to create integrated living spaces that support social, cultural, and urban development.”
The groundbreaking ceremony for the mixed-use project, which includes two internationally branded hotels and next-generation healthcare infrastructure, was held in Chișinău through the collaboration of Fiba Commercial Properties and Summa.
Bringing together Marriott International’s Moxy Hotels and Residence Inn by Marriott brands within a single development, this landmark investment is set to transform Chișinău into a regional center for business and health tourism. The project will also include Medpark City Clinic, delivering advanced healthcare services.
International Brands, Next-Generation Concepts
Within the project, Moxy Hotels stands out with its modern design and technology-driven service approach, catering to a young and dynamic lifestyle. Residence Inn by Marriott will introduce a new long-stay accommodation concept to the Moldovan market.
Medpark City Clinic, another key component of the complex, will operate in integration with Medpark International Hospital, the only private hospital in Moldova accredited by JCI (Joint Commission International). The clinic is expected to contribute to health tourism through advanced medical technologies, international standards, and a certified expert team.
Murat Özyeğin: “We Have Confidence in Moldova’s Potential”
Speaking at the ceremony, Fiba Group Chairman Murat Özyeğin stated: “As Fiba Group, we prioritize deepening our presence by evaluating opportunities both domestically and internationally across the sectors in which we operate. The Republic of Moldova and the region offer significant potential in the real estate sector. Through our investments, we will deliver long-term value both to our Group and to the country. We are pleased to bring two world-class hotels and a model healthcare clinic to Moldova through this project.”
Yurdaer Kahraman: “We Are Advancing Toward Becoming a Globally Recognized Brand”
Noting that Fiba Commercial Properties continues to differentiate itself through innovative projects both in Türkiye and internationally, Fiba CP CEO and Board Member Yurdaer Kahraman stated:
“We are taking significant steps toward our goal of positioning Fiba CP as a globally recognized brand through our international achievements. In addition to Türkiye, we operate across a broad spectrum of asset classes—from shopping centers to residences, hotels, and offices—in Moldova, Romania, Kosovo, and China. In Moldova, we have now held the groundbreaking ceremony for one of our key investments. We have launched the construction of an 18,500-square-meter mixed-use project that includes Marriott Moxy (short-stay accommodation), Residence Inn by Marriott (long-stay accommodation), and Medpark Medical Center. With this project, we aim to address a critical regional need by delivering healthcare and accommodation solutions at international standards. This investment, which we are undertaking in partnership with the SUMMA Group, with whom we have maintained a trusted collaboration for many years, goes beyond a commercial development; it is a tangible reflection of our vision to create integrated living spaces that support social, cultural, and urban development.”
Regional Impact and Long-Term Value
With a total investment value of €40 million, the project is scheduled for completion and operation in the first half of 2028. While strengthening Moldova’s international investment appeal, the development aims to generate regional added value across tourism, healthcare, and real estate sectors. Through its international portfolio and high-quality developments, Fiba Commercial Properties continues to deliver sustainable growth, long-term value creation, and a global-standard asset management approach across all its markets.
