Northern Bucharest gains momentum: What is fueling the resi investment growth?

12
Aug
2025
News - Northern Bucharest gains momentum: What is fueling the resi investment growth? #apartments #Bellemonde #Bucharest #Hype Project #Pipera #residential #Romania #Victor Grosu #Victor Terheș #villa

by Ovidiu Nicolae | Interview

Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the strong demand for the company's first residential development in Pipera and the plans to start new investments in the same area due to high interest from premium homebuyers. 


This interview was first published in Property Forum’s annual listing of "The 50 most influential people in Romania’s real estate market”.

How has Bellemonde performed in the premium residential market since its launch in the summer of 2024, particularly regarding demand for its initial 164 units? 

Since its official launch in the summer of 2024, Bellemonde has recorded strong performance in the premium residential segment, exceeding initial projections. The demand for the first phase of 164 units has been remarkably high, with over 60% of the units sold to date. This enthusiastic response reflects how well Bellemonde resonates with future residents-individuals and families who value not only high-end finishes but also a complete, well-integrated lifestyle experience. 

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Latest news


New leases

  • BIPA, the drugstore brand of the German REWE Group, has opened the first store in Romania at Bucharest-based Mega Mall. The unit’s leasable area stands at around 370 sqm.
  • M1 Łódź, managed by EPP, has inked new and renewed leases for nearly 5,800 sqm of retail space. The most significant addition is the opening of a HalfPrice store spanning nearly 2,200 sqm.
  • dm-Pharmahandel, the Czech subsidiary of the German drugstore chain dm-drogerie markt, will open a specialised logistics centre for the distribution of over-the-counter pharmaceuticals at CTPark Bor. The company will occupy a nearly 7,100 sqm facility.

New appointments

  • Michał Stępień has joined MDC2 as Investment Director. He has over 20 years of experience in the real estate industry, gained at Savills, where he worked in teams dealing with valuation, research, and investment advisory. Over the last few years, he has focused on the industrial and logistics sector, advising on market strategy, asset positioning, and investment decisions.
  • Rob Jones has joined CTP as Head of Investor Relations and PR, having previously led the European Real Estate Equity Research team at BNP Paribas. Jones will be working closely with Group CFO Richard Wilkinson and Maarten Otte.
  • CTP Romania has named Bianca Liulea-Stamate as Marketing Specialist. She has previously worked at DB Schenker for more than seven years.


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