The second phase of First Estates Pipera is under construction, following and investment of over €20 million, the delivery being set for 2025‘s spring. Over 80% of the 232 studios, and one, two and thee-bedroom apartments comprising the 2nd phase are already sold.
”Pipera – South area became an important residential development pole, with projects totalling thousands of apartments and houses. With over 400 apartments sold in less than two years, First Estates Pipera differentiated mainly through innovation and significant investments made in the implementation of technological systems that will offer buyers the lowest maintenance costs on the local market and also higher yields for those who want to rent the units,” said Andrei Sarbu, CEO SVN Romania, real estate consultant and exclusive agent of the project.
First Estate Pipera is the first residential complex from Romania that offers free heating for all its residents, following an investment of over €3 million carried out for the development and use of an innovator system of geothermal heat pumps and photovoltaic panels. The last, which is placed on the roofs of the buildings, will produce the energy necessary for the full operation of the heating pumps and, depending on their use, will also provide a surplus of electricity which will be used by the resident's association according to their decisions. Moreover, the developer will also implement in both projects a passive cooling system through the floor, which offers a higher degree of efficiency compared to the classic cooling system, estimates indicating an over 30% decrease in the cooling costs of the apartments.
The energy efficiency and the results of the two technological systems, that of the heat pumps and that of the photovoltaic panels, were certified following a specialised audit carried out by BuildGreen, one of the leading sustainability and ESG consultancy companies in Central and Eastern Europe specialized in sustainable development, carbon neutrality, decarbonization, audit and certification.
Alsin Management is also developing First Estates Villas, a premium project with 20 villas located in Pipera area, with an estimated market value of €9 million, which will also offer very low maintenance costs.
Both First Estates projects are located in the immediate vicinity of some of the most representative office buildings from Pipera area, Global City and Swan Office Park, as well as in the proximity of top schools, both state and private, such as Cambridge School, Mark Twain secondary school, International Maarif Schools of Bucharest, Hermannoberth German school, and primary schools' number 3 and 10.
SVN Romania is one of the most important real estate consultants active in Romania and the company with the most extended activity on the residential segment. In its five years of activity on the local market, the company sold over 10,000 residential units, with an overall value of over €800 million, SVN's consultants being involved in their careers in the trading of over 30,000 homes. SVN International Corp. has over 200 offices in eight countries and regions, with over 2,200 real estate consultants and staff.
