Bellemonde secures funding for resi project near Bucharest

Business Forum

20 August, 2024 at 11:29 AM

Romanian developer Bellemonde Developement has obtained €21 million in funding from Libra Internet Bank for a residential project in Pipera, near Bucharest.

The Bellemonde development will include 93 villas and 71 apartments that will be completed in two years following an investment of more than €40 million.

Bellemonde Developement has received the construction permit in early June and plans to kick off the development in the next months.

The complex will include several facilities for residents such as coworking spaces and commercial areas with terraces and shops.

The developer has completed to date several residential projects in northern Bucharest and plans another residential investment on a land plot close to Bellemonde.

Fewer homes get completed in Romania in Q1-Q3 2024

The total number of homes completed in Romania in the first nine months of the year was 42,312, down by 18.1% compared to the same period last year, according to a report by the National Institute of Statistics (INS).

Real estate

Northern Bucharest to continue to drive resi demand

Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the status of its €40 million residential investment in northern Bucharest and the growing demand for homes in this area in the long term.

Real estate

Anchor Grup starts to deliver apartments in Bucharest project

Anchor Grup has announced its Bucharest-based residential project Select Residences has reached the delivery phase. 

Real estate

Speedwell to start €94 million resi investment near Bucharest

Speedwell Development has obtained the construction permits for the first 50 luxury villas in a new residential project in Corbeanca, near Bucharest, where it plans to invest €94 million.

Real estate

Bellmonde accelerates sales for resi project near Bucharest

The Bellemonde residential complex in Pipera, near Bucharest, is recording growth in sales for its villas and apartments.

Real estate

Residential developers need to be flexible

The Romanian residential market is navigating through many changes. This means that developers need to be flexible in order to adapt to all changes, as the speakers of the residential panel of SEE Property Forum 2024 concluded.

Real estate

Park Properties buys 15,000 sqm land plot near Bucharest

Real estate developer Park Properties has purchased a 15,000 sqm land plot on the shores of Lake Snagov, near Bucharest, for a luxury villa residential development.