Published in an exclusive, investment destination – oriented, market tour: “Bucharest – the skyline transformation by 2025” – Read: here
Content partners:
Concept Structure | KONE | Rustler | Atenor
With the support of:
SkyTower | Immofinanz | Speedwell | Brisk
EMS Floor | RC Europe | NIRO Group | Liziera de lac
Central District Lagoon City
Central District Lagoon City in Bucharest will be a large mixed development, with a residential component with 570 apartments, an office building of 8,000 sqm GLA, 5,700 sqm of commercial space, as well as a hotel with 250 rooms, all built around a 20,000 sqm lagoon, implemented under an exclusive Crystal Lagoons license.
Central District Lagoon City , planed at 18 Coralilor Street near Petrom City, will be the first project in Central and Eastern Europe with self-sustaining energy efficiency through independent, renewable sources. The developer of Forty Management hired EST Hospitality Consulting to manage the international affiliation process of the hotel component of this project. Forty Management is an internationally awarded real estate development company that develops mixed projects under the Central District brand. The company has several completed residential developments and 680 apartments in the immediate development plan (Central District Lagoon City and Central District Royal Suites).
Belvedere Residence
In total, within Belvedere Residence there will be 1,556 apartments in 13 buildings. The first stage of development is already completed and includes 238 apartments grouped in two blocks of 10 levels, with commercial spaces on the ground floor of buildings, with underground and above ground parking, with an inner courtyard where you will find both playgrounds for children and areas with green spaces.
A second stage of development was scheduled to end in August 2019. The third phase of development has started, which will include 4 blocks and 482 apartments. Real estate developer London Partners, which recently finalized a residential complex in the center of Bucharest (SoHo Unirii) bought a 2.4-hectare of land, part of the Belvedere Residence project. Richard McLaughlin-Duane, the developer’s CEO, said he had already pre-booked 150 apartments in the third phase of the Belvedere Residences although the developer has barely completed the excavations. This development phase will have 482 apartments to be delivered in the summer of 2021.
HILS Pallady Apartments
HILS Pallady Apartments is ideally located just 50 meters from Anghel Saligny Metro Station. HILS Pallady Apartments offers 12 blocks totaling 1,908 apartments designed in several subdivision variants: studios, 2 and 3 rooms apartments, including duplexes.
The HILS Pallady Apartments Residential Complex will consist of 12 blocks, 2,013 parking spaces, 4,085 square meters dedicated to commercial areas, wellness and office spaces. The real estate developer HILS, through the shareholder Jacob Gardens and the management team, has an experience of over 16 years on the real estate market in Romania, reaching to stand out as a professional and reliable player. In recent years, it has continued its expansion process through the newest large-scale project – HILS Pallady Apartments.
Marmura Residence & Avalon Estate
Prime Kapital is currently developing two large residential projects in Bucharest – Marmura Residence and Avalon Estate. Marmura Residence is built on a 1.5 ha land plot and offers 459 apartments and 6 private office suites.
Avalon Estate, located in the northern part of the city, is developed on a land plot surface of 8.1 ha, out of which 2.8 hectares represent shared green spaces, and will offer 746 units, comprising villas, apartments, and townhouses. With both projects, though different in style, we focused on offering quality and functionality, creating pockets of cities within cities. We started by envisioning 15-minutes neighbourhoods, offering residents all necessary services, thus cutting pollution, stress, and time waste. Designed and built with integrity, Prime Kapital’s projects manage to achieve beauty, sustainability and functionality, quality being the underlining value. Marmura Residence and Avalon Estate are Prime Kapital’s residential business card. Once completed, we will be known not only for the quality that we deliver, but also as a developer that transformed the residential landscape in Romania.
Parcului20
“The year 2020 brought significant changes on the residential market, in the COVID-19 context. Nowadays, housing represents much more than square meters, as people are looking for a quality living experience, which means a good location, green areas, large terraces and balconies, additional spaces for working from home, modern technology”, Mauricio Mesa Gomez, Country Manager Cordia Romania & Spain.
Parcului20, the residential project developed by Cordia Romania, member of Futureal Group, in Expoziției area, North Bucharest, is perfectly adapted to this new demand. The apartments in Parcului20, destined to the medium-high segment, are equipped with integrated smart home systems. Over 3,000 square meters of private garden, charging stations for electric vehicles, bicycle parking spaces, yoga garden and outdoor equipment for calisthenics are amongst the main differentiators, as the project is designed for livability and energy efficiency. Cordia Romania has recently completed Parcului20 phase one and started construction works on the second phase.
102 The Address
Caba Grup announced in 2019 that it would invest over EUR 100 million in the development of the second phase of 102 The Address, a high-end mixed-use project featuring residential, office and retail spaces. Caba Grup acquired a 20,000 sq. m land plot, right next to the existing first phase of 102 The Address, in Aviatiei-Floreasca-Barbu Vacarescu area and the planned project will be one of the largest of its kind in Romania.
The first phase consists of 273 apartments with 2, 3 and 4 rooms,12 office spaces, 2900 sq. m commercial areas and 8 spectacular penthouses. 102 The Address Luxury Penthouses marks the evolution of architecture and design in Romania. The first phase of the project 102 The Address was delivered in 2020 and the sales activity it is managed by Premier Estate Management. CABA Inc. was established in1998 in the city of Diyarbakir and has flourished with rapid business advancement in commercial projects in areas of energy, tourism, mining, fuel oil, logistics and real estate investment projects. Caba Grup says it will continue to seek investment opportunities on the Romanian real estate market and expects to add more strategically located major acquisitions to its portfolio.
Atria Urban Resort
Atria Urban Resort (50% ownership of SIF Moldova, through Straulesti Lac Alfa SA) is a residential complex that includes 1,381 apartments, to be build in 4 phases, located in the NW area of Bucharest, near the Colosseum Retail Park and having easy access to the northern part of the capital.
In November 2020, the construction of Phase 1 (160 apartments) was completed. Phase 2 was started in December 2019. Atria Urban Resort is a new concept of residential community composed of apartment buildings that can be bought directly from the developer, developed in collaboration with the London company JTP Architects, specialized in community planning. The first of completed stage includes a private park and a swimming pool dedicated to residents.
Estoria City
Estoria City Project started with a clear objective: to create a New City inside the Big City. As mixed-use projects are the future of urban lifestyle, Estoria City will provide the perfect mix by expanding Bucharest with a district mixing office, residential, retail, and valuable add-ons as communal leisure and connection areas, green zones, community projects and more.
As it is a complex project, it will be developed in several phases that will finalize in the construction of 1,200 apartments, about 50,000 sqm of office space, over 40,000 sqm of commercial space, 3,000 sqm of parking spaces and 25,000 sqm of green spaces. Estoria City is one of the largest urban reconversion projects in Romania that reclaims a former industrial site for the benefit of the city and its citizens.
H Stirbei Palace
An unpolished diamond with enormous historical vibe, the city centre is now on the verge of becoming Bucharest’s most in-demand location. Neglected by investors for decades, the fascinating Calea Victoriei or the well-know Piata Universitatii area offer today some of the most valuable and exclusive projects available on the local market.
For this, Romania is “indebted” to Hagag Development Europe, a visionary and innovative investor-developer that has been concentrating its efforts into reintroducing both old and dusty historical buildings into the commercial circuit: H Victoriei 139, an Art Deco jewel and the only luxury residential boutique on Calea Victoriei; H Victoriei 109, an impressively elegant office building, H Stirbei Palace, the amazing and unique neoclassic masterpiece that has been a Romanian icon since the 1800s, or H Tudor Arghezi 21 are part of the developer’s local portfolio. Moreover, in the eye-catching and famous Primaverii neighbourhood, the Israeli developer is currently investing over 16 million euro into its state-of-art, modernist architectural design H Eliade 9 Residence that will no doubt soon become a landmark of upper-premium developments. Although mainly focused on the niche segment of premium, luxury projects, Hagag is also developing H Pipera Lake, a large scale resi-scheme which can be defined by the notion of premium affordable living.
Timișoara 58
The Spanish developer Gran Via Real Estate crossed the milestone of 2,000 apartments delivered on the Romanian market by the end of 2020, with the completion of the last phase of the Timișoara 58 project – 300 apartments.
Timișoara 58 project has been developed since 2013, in four construction phases, on a 32,000 sq m plot of land (former Frigocom industrial platform). Gran Via has a history of 15 years on the Romanian market, specializing in the reconversion of former industrial lots into residential projects, which have changed the face of the city. So far, the developer has completed 2,000 apartments in projects such as Gran Via Park, next to Plaza Mall, and Timișoara 58, both in Sector 6 in Bucharest, Aviatiei Apartments being the third project completed in Bucharest. The developer’s investments exceeded EUR 200 million during the 15 years of activity on the Romanian market.
Crown Towers
One of the most highly anticipated designs in the real estate market is Crown Towers. Metropolitan Developments started the construction works for its most ambitious residential project in June 2020.
Located on Daniel Danielopolu Street, in the immediate vicinity of key landmarks such as Herăstrău Park and the Aviației neighborhood, through its ultra-premium architecture and ultrahigh-end concept, Crown Towers itself becomes a landmark and a symbol of the area and imposes a new architectural standard for this type of building. The tower buildings will rise like a symbol for the city, through each displayed detail. Visualized by one of the top real estate developers in Romania, designed by award winning architects, Crown Towers will have a complex mix of functions brought together for a high standard living: location in the northern part of the Romanian capital, statement architecture, fully integrated smart-home system, business center, restaurants and cafes, fitness room, etc. It is estimated that the project will be delivered by 2023.
Bog’Art Residencial City
Premium residential project of 141 units defining a new neighborhood, close to the north business district with ample existing infrastructure for Petrom City HQ, neighboring the German School and close to Lidl.
Green and airy area offering unobstructed northern views to Baneasa Lake and ideal south exposure to Expozitiei/Piata Presei offices and landmarks. Units: 141, in construction at 8 Petroliștilor Blvd., District 1, Bucharest. Other projects announced by the company: Vitan – mixed-use project of approx. 300 apartments on 9 floors with a mezzanine-level hypermarket and small groundfloor retailers. Located adjacent to Bucharest Mall Vitan, 750 m from Alba Iulia Square and 1.5 km from the heart of Bucharest (km 0) – a project for inner-city living, in permitting; Calderon; Manu; Mantuleasa; in total another approx. 400 units.
Luxuria Residence
Impact Developer & Contractor delivered the second phase of the residential compound Luxuria Residence located in Expoziției area. The new development phase includes 4 high-quality buildings with a total of 268 premium units, an indoor park of 2,500 sqm, a lounge, and a fitness center for the residents.
Thus Luxuria Residence reaches a total of 500 finished apartments, another 130 units being under construction, in the third phase, which will be delivered in the first half of 2021. The second phase of the project accommodates an indoor park of 2,500 square meters. The new development stage completes the luxury facilities package with a residents’ lounge and a fitness center. The project holds the BREEAM Excellent Certification. Impact Developer & Contractor started the construction works at the fourth phase of development of the Greenfield Băneasa residential compound. This will include Impact’s first commercial project, Greenfield Plaza, with 7,258 sqm of space for trade and services and 1,184 sqm of office spaces. Developed on an area of 60 hectares of land, the Greenfield residential compound in Băneasa includes over 2,500 apartments delivered by 2019, and phases 4 and 5 are to be developed by the end of 2028.
Aqua City
Aqua City is a residential complex located in the N-V area of Bucharest, in sector 6, near Morii Lake (Giulești-Crângași area). The project, consisting of 6 buildings, with over 2,000 apartments, provides a lot of modern facilities and extensive green spaces so that the 5,000 people who will live here can enjoy the highest living standards.
The first building will be completed in August 2021. Why is Aqua City unique in the Romanian real estate market? It is the first residential complex providing free natural spring water directly to the tap of every apartment. The concept is possible due to innovative water treatment systems. By capturing and treating natural water, the residents will benefit from natural water with high alkalinity and purity. The project is designed for the highest living standards as the complex is configured with a wide range of facilities like the fitness area, a modern shopping center and more than 6,600 sqm of green spaces. Aqua City is an ambitious project that will be able to provide everything that matters for its future residents and, at the same time, will have a transformative dimension of the neighborhood, contributing decisively to the modernization of the area.
Published in an exclusive, investment destination – oriented, market tour: “Bucharest – the skyline transformation by 2025” – Read: here
Content partners:
Concept Structure | KONE | Rustler | Atenor
With the support of:
SkyTower | Immofinanz | Speedwell | Brisk
