La Gloire invests €8.5 million in Bucharest boutique resi project

30
May
2024
News - La Gloire invests €8.5 million in Bucharest boutique resi project #Andrei Iușut #Bucharest #La Gloire #luxury #residential #Romania

by Property Forum | Residential

Romanian developer La Gloire Elite is investing €8.5 million in a high-end residential building based in central Bucharest.


The three-floor building will comprise four apartments priced starting at €2.35 million plus VAT. The project is slated for completion in the spring of 2025. As part of the investment, the existing building will be upgraded and will include a modern extension.

“The harmony between the design we propose and the people who will live here is essential. They must know how to enjoy the little things and pay attention to details,” said Andrei Iușut, the developer’s owner.

The apartment will have low maintenance costs due to the usage of efficiency technologies such as solar panels and heat pumps.




Latest news


New leases

  • MLP Group has bolstered the tenant mix at MLP Poznań West by welcoming Stockly, a 3D printing specialist. The company has leased 2,400 sqm of warehouse and office space, with operations already underway via early access. A full handover is expected in December 2026. Stockly was represented by Rock Estate during the transaction.
  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.

New appointments

  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.


Latest news

News - Moody's upgrades CTP credit rating with stable outlook
15
May
2026

Moody's upgrades CTP credit rating with stable outlook

by Property Forum
Industrial developer CTP announced that Moody's Ratings has upgraded CTP's long-term issuer rating and senior unsecured rating to Baa2 with a stable outlook from Baa3 with a positive outlook.
Read more >
News - Last call for Prague Property Forum 2026: Check who'll be there
15
May
2026

Last call for Prague Property Forum 2026: Check who'll be there

by Property Forum
From macro trends and investment strategy to housing affordability, operational efficiency and lender appetite, Prague Property Forum 2026 will bring together many of the market’s most active investors, developers, lenders and advisers on May 18th at the Cubex Centre Prague.
Read more >
News - Bucharest office market sees more lease deals in Q1 2026
14
May
2026

Bucharest office market sees more lease deals in Q1 2026

by Property Forum
Leasing transactions for modern office space in Bucharest increased by 14% in Q1 2026 compared to the same period last year, while new demand rose by 24%. However, the market remains below pre-pandemic levels, according to Colliers data.
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