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

  • IF&B Mille Sapori, the importer and distributor of Italian food products in Poland, has leased 4,118 sqm in the MLP Pruszków II complex. The lease deal was brokered by Coldwell Banker Commercial.
  • Golden Star Estate has secured lease agreements totalling around 2,400 sqm at Warsaw-based Oxygen Park. Puerta has joined as the operator of the SZAWA conference centre, occupying over 650 sqm of training and event space. Additionally, fish product manufacturer Vicziunai-Pol Spółka leased nearly 140 sqm. Existing tenants Parker Hannifin, Diasorin Poland, and Nieruchomości Plus all extended their stays, maintaining a combined footprint of over 1,550 sqm.
  • BearingPoint has relocated its Bucharest office to Vastint’s Timpuri Noi Square, in a deal brokered by Griffes.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.


Latest news

News - Indotek CEO backs wealth tax in Hungary but warns of risks
15
Apr
2026

Indotek CEO backs wealth tax in Hungary but warns of risks

by Property Forum
One of Hungary's wealthiest individuals, Dániel Jellinek, CEO of the Indotek Group, considers the Tisza Party's wealth tax proposal fair but sees serious risks in how the tax base would be determined. The property magnate talked to local business daily HVG and shared that he primarily expects the new government to stop unpredictable and often ad-hoc regulations.
Read more >
News - Crestyl secures €165 million funding for Polish expansion
15
Apr
2026

Crestyl secures €165 million funding for Polish expansion

by Property Forum
Crestyl Group and its subsidiary Spravia have signed a €165 million financing agreement with funds managed by Apollo Global Management. Griffin Capital Partners joined as a minority co-investor alongside Apollo funds.
Read more >
News - NEPI Rockcastle to add EV charging points across Polish retail portfolio
15
Apr
2026

NEPI Rockcastle to add EV charging points across Polish retail portfolio

by Property Forum
Eleport has partnered with NEPI Rockcastle to install 114 ultra-fast charging points at shopping centres across 11 Polish cities. The charging hubs will deliver up to 400kW per plug and be deployed throughout 2026 and 2027.
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