News Article Alsin Management Bonton Luxury Villas First Estates Pipera residential Romania
by Property Forum | Residential

Romanian developer Alsin Management will kick off the construction of a villa complex in northern Bucharest, in parallel with the development of a residential complex. Both projects are based in Pipera.

The company plans to develop 20 villas with a combined market value of €9 million. Meanwhile, it aims to deliver the first 232 apartments in its First Estates Pipera project this year, with the second phase slated for completion in Q1 2025.

Both projects will use energy efficiency solutions such as photovoltaic panels, heat pumps and a passive cooling system.

”Thoroughly planned projects, which really invest in innovation and differentiating technological solutions, which use 100% renewable energy, are very few on the market and that is why we are rewarded with excellent results,” said Andrei Sârbu, CEO of SVN Romania.

SVN Romania is the exclusive agent for both projects.