by Property Forum | Residential

Local developer SDC Imobiliare, along with overseas investment funds, has launched what they claim to be the biggest real estate project in Romania. The Transilvania Smart City mixed-use, estimated to require an investment of €700 million, would see the construction of 10,000 apartments, a shopping centre, schools, supermarkets, a hotel and an aparthotel, office space, parks, and conference rooms in Cluj-Napoca. Work on the project is set to start in January 2021.

The entire project will be built on a plot of 35 hectares on a hill close to the Iulius Mall shopping centre. The project's first stage will be developed on 3 ha of land and will include 800 apartments, an aparthotel, nursery, shops, cafes, restaurants, a gym, a bank, a Lidl store and a park. The construction work for this first stage is expected to be completed in 18-24 months. The shopping centre, which will be developed in a later stage, will have an area of 100,000 sqm.

The developer plans to include high-tech elements in the project, such as home delivery by drones and access to the airport, which is about one kilometre away, by cable car. Electric buses would serve the area, drivers would find free parking spaces directly on their smartphones and sensors would identify pollution and noise levels. The neighbourhood would also have a heliport and charging stations for electric cars. The project also envisages the creation of two artificial lakes, an outdoor amphitheatre, spa, and indoor and outdoor pools.

Stefan Berciu, the founder of SDC Imobiliare, has built around 15,000 apartments and several commercial spaces, halls, and offices in Cluj-Napoca over the last 15 years.