Business Forum • 1 August, 2024 at 9:02 AM
InteRo Property Development, owned by the Canadian Topolinski investors family, has kicked off the construction of a new mixed-use project in Bucharest with a valuation of €1 billion.
The SkyLight Residence project will feature 551 apartments in the first phase, with the first residential units slated for completion in 2027.
“We designed SkyLight Residence as a green, energy-efficient project and, given its features and transformative potential, it was included in District 2 Mayor' project to revitalize Gara Obor and the surrounding area,” says Michael Topolinski, Founder of InteRo Property Development.
The development will have a total built area of over 486,000 sqm – 370,000 sqm of residential space (over 2,200 apartments) and 115,000 sqm of office space, including an IT campus accommodating an estimated 10,000 jobs. The project will include commercial spaces spanning 8,540 sqm, over 4,000 parking spaces and almost 28,000 sqm of green spaces.
InteRo will also build one primary school with a capacity of 250 children, three kindergartens (with a total capacity of 150) and two nurseries (150).
Meanwhile, the developer's ongoing residential pipeline is focused on the northern part of Bucharest, spread across several projects.