Romanian athlete kicks off resi development in Bucharest region

Business Forum

11 December, 2024 at 10:12 AM

Romanian football player Florin Tănase and FIFA agent Florin Vulturar have jointly started the development of a new residential project in Pipera, located in the northern region of Bucharest.

The project comprising 128 apartments is slated for delivery in 2026. SVN Romania has been appointed exclusive sales agent.

“The south of Pipera area is becoming a true residential hub of the city, mainly due to the very easy access to the major business centres in the Pipera and Aviației areas, but also due to the good connections to numerous top private education institutions, commercial areas of A3 Highway,” said Victor Vremera, COO and Managing Partner of SVN Romania.

This is the first residential investment of Tănase, who is currently playing for FCSB football team, the winner of last year's national championship.

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

Alsin invests €20 million in second phase of resi project near Bucharest

Romanian developer Alsin Management said it will invest €20 million in the second phase of its residential project First Estates Pipera, with the completion date set for the spring of 2025. 

Real estate

AFI Europe buys landmark office building in Bucharest from Immofinanz

AFI Europe has purchased the myhive Victoriei building in central Bucharest from Immofinanz for around €27 million. The new owner plans to turn the existing office building into a mixed-use project, with the conversion permit already secured.

Real estate

HILS Development posts 28% resi sales growth in H1 2024

Romanian developer HILS Development has announced a 28% increase in residential sales during H1 2024 compared to the same period of last year, while revenue was up 25% year-on-year. 

Real estate

Bucharest mayor to issue traffic permits for new property developments

Bucharest's Mayor Nicușor Dan has announced that he will be tasked with issuing traffic permits for new Urban Zoning Plans (PUZ), Urban Developing Plans (PUD) and construction authorizations.

Real estate

Romania ranks among cheapest resi markets in Europe

The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report. 

Real estate

Bucharest's short-term rental industry totals €24 million in H1 2024

Bucharest's short-term rental industry is expected to outperform the previous year's level and has already recorded estimated revenues close to €24 million in H1 2024, according to a Crosspoint Real Estate report. 