The investment in the Timisoara-based project will exceed EUR 130 million and will be developed in stages.

After getting all the approvals and building authorizations, the works will start and will advance as the delivery of the first apartments is a priority. The first stage includes 300 apartments.

“We are confident that this collaboration will be beneficial for both parties, as well as for the future landlords. An important aspect in our decision was the experience that Premier Estate has in representing some big projects,“ said Sandor.

“The collaboration with Mulberry Development is a premiere for our team, marking the expansion of the consultancy activities outside Bucharest. It’s a projects that will become iconic for the residential market from Romania. At this moment our priority is to build a team in Timisoara, but we are open since the beginning to collaborate with the local real estate agencies,“ said Andreea Comsa, the CEO of Premier Estate Management.

Mulberry Development has been active on the Romanian real estate market since 2005. (source: