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A 3-hectare plot near Lake Pantelimon in Bucharest is up for auction at €5.6 million, significantly lower than its initial valuation. The land, previously industrial, has potential for residential redevelopment and has an approved project for buildings up to 11 stories. The auction is set for December 8, 2026, after previous unsuccessful sales. The plot was once owned by Mechel Service Romania and later acquired by Steel Transport & Logistic, which aimed to change its zoning for development. The starting price is about €180 per square meter, and the auction may attract real estate developers interested in large plots for residential projects.