Hagag Development Europe resumes work on resi project in Bucharest

29
May
2025
News - Hagag Development Europe resumes work on resi project in Bucharest #Andreea Dumitru #Bucharest #H East Residence #residential #Romania

by Property Forum | Residential

Hagag Development Europe has resumed construction works for Phase I of its H East Residence project and plans to deliver the first homes in Q4 2026, following an investment of €43 million.


The developer has secured a new building permit, allowing for significant upgrades to the façade design and optimization of interior partitions.

The first phase will comprise a total of 273 apartments, supported by 400 underground and above-ground parking spaces, 2,000 sqm of commercial space, electric vehicle charging points, a playground, and over 2,000 sqm of green areas.

Andreea Dumitru, CMO at Hagag Development Europe, said: “We are resuming the site in a very favourable context for our company, as over 50% of the units available for sale are now pre-contracted, respectively reserved, while our team is dealing with an increasing demand volume. (...) We expect to keep this brisk pace of sales in the upcoming months as well, and deliver a sold-out phase I by the time of completion.”

Once completed, H East Residence will feature 568 residential units.




Latest news


New leases

  • BearingPoint has relocated its Bucharest office to Vastint’s Timpuri Noi Square, in a deal brokered by Griffes.
  • Lagardère Travel Retail has renewed its 2,300 sqm office lease for its HQ at the Bucharest-based Globalworth Campus, in a deal brokered by Cushman & Wakefield Echinox.
  • Jack & Jones has leased 310 sqm for a new store at Promenada Sibiu, owned by NEPI Rockcastle.

New appointments

  • Colliers Hungary has appointed Balint Laszlo as Director and Head of Design & Build. Laszlo brings over a decade of expertise in technical project management and fit-out execution, with a specific focus on the office and industrial sectors. He previously served as Head of Fit Out at Futureal Group, where he managed project execution, technical delivery, and cross-functional collaboration. His professional background also includes site management and commercial leadership roles.
  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.


Latest news

News - Bratislava housing market rebounds but new mismatches reshape demand
07
Apr
2026

Bratislava housing market rebounds but new mismatches reshape demand

by Property Forum
The residential panel at Bratislava Property Forum 2026 showed a market gradually stabilising after a period of sharp volatility, with rising costs, shifting buyer behaviour and structural imbalances continuing to shape both demand and supply. Moderated by Marián Škvarek, CEO of Realpad, the discussion brought together developers, financiers and investors to assess trends in Bratislava and regional cities, with a particular focus on affordability, the growing role of rental housing and the impact of technology and ESG on future projects.
Read more >
News - Prague leads Europe's flexible office boom
07
Apr
2026

Prague leads Europe's flexible office boom

by Property Forum
Prague ranks among European cities with the highest projected growth in flexible office space, driven by a shortage of new office buildings and growing corporate demand for services.
Read more >
News - Innovinia's IGPark Kecskemét South reaches full occupancy
07
Apr
2026

Innovinia's IGPark Kecskemét South reaches full occupancy

by Property Forum
Innovinia has announced that its 15,000 sqm warehouse at IGPark Kecskemét South, completed last year, has reached nearly 100% occupancy, following a lease agreement with an international logistics provider.
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