Cordia Romania has marked a milestone with the cornerstone ceremony of Centropolitan, its residential project in central Bucharest near Bucharest Mall and Alba Iulia Square. The event, attended by Tibor Földi, Chairman of Cordia Group, and Mauricio Mesa Gomez, Chairman of Cordia Romania and Spain, signals the official launch of construction for the 274-apartment development.
"The groundbreaking of Centropolitan is a defining moment for Cordia Group's presence in Romania and reflects our long-term conviction in Bucharest as one of Central and Eastern Europe's most dynamic residential markets," stated Mauricio Mesa Gomez. "We are building here a new standard for urban living in a city that continues to grow in economic weight and in the aspirations of its residents."
The ceremony follows a successful pre-sales phase, with Centropolitan achieving over 12% pre-sales of the total project, representing transactions exceeding €8 million excluding VAT. This performance stands out against a broader market that recorded a 15% year-on-year decline in residential transactions in Q1 2026. Demand was driven primarily by end-users, who accounted for approximately 80% of buyers, with 20% comprising investment-oriented purchasers.
During pre-sales, apartments were available from approximately €170,000 plus VAT for one-room units to €337,000 plus VAT for four-room apartments. The project is being developed in Sector 3, where new residential supply remains constrained compared to other Bucharest districts, with fewer large-scale developments in the pipeline.
The €65 million development will feature 274 apartments ranging from 42-156 sqm, plus 3,345 sqm of retail space and 350 sqm of resident amenities including a gastro bar, coworking space, and fitness facilities. Delivery is scheduled for Q4 2028. Cordia previously developed Parcului20, a 485-apartment project in northern Bucharest that won multiple industry awards.
