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Articles - residential market

One United Properties transforms a building within the One North Gate office complex into One North Lofts

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and office real estate in Romania, announces a new residential development, One North Lofts, located in a highly desired area on Pipera Bulevard, five minutes’ drive from the Promenada Mall business district of Bucharest and 10 minutes’ drive from Herastrau Park.

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Speedwell to buy a nine-hectare land plot located on the Griro platform in Bucharest for a new mixed-use project

Real estate developer Speedwell bought a nine-hectare plot of land located in Bucharest, on the Griro platform, one of the largest plots of land available in the capital. Speedwell will build on this land a project estimated at 500 million euros that will include apartments, office and service spaces, leisure facilities and green spaces.

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Campeador contracts a financing of EUR 4.5 million from CEC Bank for a mixed-use project in Timisoara

Campeador City will reunite in total eight blocks of flats with one, two and three rooms, and an office building, which will also include commercial spaces and a kindergarten. The project will be developed in four stages.

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Gran Via Real Estate to complete a new residential project in the Centre-West of Bucharest

The employees of the companies choosing their offices in the new emerging Centre-West zone of Bucharest have now a new option available for housing in the proximity of their job. The Spanish-based developer, Gran Via Real Estate, completes this year the development of the former factory Frigocom, at the crossroads of Timișoara Boulevard and Moinești Street in Bucharest, Timișoara 58 residential compound.

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Bucharest’s areas with the highest number of apartments in construction in the vicinity of office projects

Over 7,000 apartments should be delivered in 2019 in Bucharest in the immediate vicinity of an office project, according to ”home _ office Report 2019” issued by real estate consultant SVN Romania. Also, another 10,000 units could be launched in these areas in the next 12 – 18 months.

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New office projects raise the price of apartments with 15%

The prices and rents of apartments situated in the proximity of the office compounds are higher by a few percent than in other areas, as the two categories - office buildings and residential buildings - are closely interconnected, real estate consultants believe.

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Greek investor invests EUR 6 mln in Bucharest residential complex

Greek investor Evangelos Poulios, the co-owner of the fashion retailer BSB, will invest EUR 6 million this year in completing the residential complex Belize Residence (the former Cernica Residence), located in Eastern Bucharest.

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Cosmopolis owner partners Dutch firm to further develop the project

Turkish investor Ahmet Buyukhanli, who controls the residential project Cosmopolis in north of Bucharest via the company Opus Land Development, has entered a partnership with a group of private investors represented by a Dutch firm to invest in the project’s next development stage in the next five years.

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