The project will include 16 premium apartments with surfaces ranging from 96 to 241 sqm, alongside 50 underground parking spaces.
The complex will also integrate intelligent heating and cooling systems.
Primes aims to deliver the project in one phase by the summer of 2026, with sales managed by NBI.
The developer has been present in Romania since 2007 and has completed to date a complex comprising 232 apartments in Bucharest.
KÉSZ Group has announced that its Corallis residential complex in Bucharest has already sold homes amounting to around €11.5 million, which accounts for 27% of the whole residential stock in the project.
Romania remains one of the countries with the lowest mortgage penetration rates in the European Union, according to a Colliers' analysis.
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).
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.
Anchor Grup has announced its Bucharest-based residential project Select Residences has reached the delivery phase.
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.
The average shopping cart value for fast-moving consumer goods (FMCG) in Romania increased by approximately 9% in 2023 compared to 2022
Local communication consultancy Graffiti Plus (GRF+) has announced its intention to go public this year on the AeRO market of the Bucharest Stock Exchange (BVB).
Autonom International, part of Autonom Group, has purchased a 20% stake in local insurer Eazy Asigurări for an undisclosed sum.
Swiss energy player MET Group has purchased a ready-to-build (RTB) photovoltaic park in Răscăeți (Dâmbovița County), from Kraftfeld.
Renewable EPC by Allview, the renewable energy division of Visual Fan, has signed a new contract for the design and execution of a photovoltaic park in Resița.
