1Development starts resi development in northern Bucharest

02
Oct
2025
News - 1Development starts resi development in northern Bucharest #1Development #Bog'Art #Breeam #Bucharest #Herăstrău #Nordului50 #Raluca Georgescu #Raluca Stancu #Romania

by Property Forum | Residential

1Development has announced the start of construction for Nordului 50, a boutique residence with panoramic views over Herastrau Lake and Park. The project offers residents a perspective of Bucharest with three kilometers of continuous green space and direct views extending to Piata Victoriei. Built on a 3,200 sqm plot, the project is scheduled for completion in spring 2027.


Nordului 50 comprises 29 residences and two penthouses across two buildings. Each apartment starts from 200 sqm, while the penthouses offer layouts of 600 sqm with a 180 sqm terrace, and 400 sqm with a 90 sqm terrace, all on a single level. Ground-floor apartments will feature private gardens designed by landscape architects.

"The view from Nordului 50 is breathtaking. Nearly three kilometers of uninterrupted greenery, stretching over Herastrau and all the way to Piata Victoriei," states Raluca Stancu, COO at 1Development. The lobby connects the two buildings through a greenhouse-inspired structure designed as an oasis of light and greenery.

The building features two underground parking levels and six above-ground floors, with no more than one neighboring residence per floor. Technical specifications include underfloor heating, air conditioning, continuous fresh-air ventilation, and integrated smart-home systems. Each master bedroom functions as an en-suite apartment with private bathroom and walk-in closet.

"We invested in quality of life, not just apparent beauty. Contemporary design, materials and sustainable solutions come together harmoniously," added Raluca Georgescu, Project Manager at 1Development.

1Development has selected Bog'Art as the contractor, and the project is designed to achieve BREEAM certification.

The developer specializes in residential projects in Bucharest, with flagship projects including Floreasca 1, Romania's first residential complex certified under the Green Homes program.




Latest news


New leases

  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.

New appointments

  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.


Latest news

News - Ukraine's housing recovery: Donor support in action
12
May
2026

Ukraine's housing recovery: Donor support in action

by Property Forum
As Russia's full-scale war against Ukraine enters its fourth year, the scale of destruction to the country's residential stock remains staggering. The international community, led by the World Bank Group, the European Commission, the United Nations, and the Council of Europe Development Bank, has mobilised substantial grant and loan financing for Ukraine's recovery. A meaningful portion of these funds flows directly into state-run housing programmes, offering a rare, data-rich window into how international support translates into real outcomes for families on the ground. The URE Club (Ukrainian Real Estate Club) has produced a brief analysis of the main government programmes and their outcomes for Property Forum
Read more >
News - Pinsent Masons opens Warsaw office
12
May
2026

Pinsent Masons opens Warsaw office

by Property Forum
International law firm Pinsent Masons has opened an office in Warsaw with a team of over 40 people. The new office will handle complex investment projects from the outset, focusing on real estate, infrastructure, construction, mergers and acquisitions, banking and finance, and cross-border matters.
Read more >
News - Administrative costs for Romanian offices to grow by 10% this year, says Colliers
12
May
2026

Administrative costs for Romanian offices to grow by 10% this year, says Colliers

by Property Forum
Administrative costs for modern office buildings in Romania are set to rise by approximately 10% in 2026 compared to last year, according to Colliers. The increases stem from higher property taxes, inflation and rising wages, with utility costs excluded as these are typically billed separately.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy