City Garden starts new development phase of Bucharest villas

08
Feb
2022
News - City Garden starts new development phase of Bucharest villas #Andrei Cantaragiu #Bonton Luxury Villas #Bucharest #City Garden #Pipera #residential #Romania #villas

by Property Forum | Residential

Real estate developer City Garden has started the second phase of Bonton Luxury Villas Pipera that will feature 30 new homes. 


The new villas are slated for delivery by the end of this year and the whole project will comprise 66 homes following an investment of €16 million. 

"Demand for homes has increased by at least a third in the context of the pandemic and has been reflected in the sales of the Bonton complex, our main target is businesspeople and expats. This has prompted us to advance the construction works by starting the second phase of development,” said Andrei Cantaragiu, CEO of City Garden. 

The company aims to finish the first phase with 36 villas and a private sports club in the first half of this year. 

The developer has completed several medium-premium residential projects in central Bucharest and Pipera during the last decade. 




Latest news


New leases

  • The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
  • REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
  • RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.


Latest news

News - Shopper Park Plus closes Polish retail park deal
06
Mar
2026

Shopper Park Plus closes Polish retail park deal

by Property Forum
Shopper Park Plus' successful capital raise covering approximately 50% of the transaction value has enabled the acquisition of a strategic portfolio of eight Auchan hypermarket anchored assets across Poland, with the remaining amount financed through a loan facility signed with Aareal Bank AG last week, marking a significant milestone in the company’s continued expansion within food-anchored retail real estate. The favourable financing terms further enhance the portfolio’s strong cash-flow generating capacity and support SPP’s intention of increasing dividend per share in the future.
Read more >
News - 7R enters Germany with €200 million investment partnership
06
Mar
2026

7R enters Germany with €200 million investment partnership

by Property Forum
7R, the property developer of logistics and industrial facilities with operations in Poland and Czechia, is entering the German market and signed an SMA partnership to invest €200 million in the development of industrial, warehouse and logistics projects across the country.
Read more >
News - Capturing yield in CEE: Gránit AM’s playbook for the next market cycle
05
Mar
2026

Capturing yield in CEE: Gránit AM’s playbook for the next market cycle

by Property Forum
Gránit Asset Management is pursuing a focused investment strategy across a corridor of Central and Eastern European capitals. In this interview, Álmos Mikesy, CEO of Gránit Asset Management, explains the thinking behind the firm’s “5B Strategy”, why high-quality offices remain a core part of the portfolio and where the company sees the best entry opportunities as the regional real estate cycle begins to shift.
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