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.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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