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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New leases

  • Griffes has announced the leasing of 6,000 sqm of office space in Bucharest-based Unirii View. Out of the total volume, 2,000 sqm represent new tenants joining the tenant roster, while three tenants expanded operations and grew their space take-up in the building.
  • The first Gorąco Polecam store in Lubin has opened at BIG Lubin retail park. The new 151 sqm unit is in a newly designed development building featuring a large 160 sqm patio.
  • Worldbox has entered the Romanian market with its first store at Scallier's Funshop Park in Vaslui. The multi-brand store covers more than 660 sqm and offers clothing, footwear and accessories in the casual and sportswear segment.

New appointments

  • CBRE Investment Management announced the firm is evolving the leadership model in its EMEA Direct Real Estate business. Under the enhanced structure, Rik Eertink will assume the role of President and CIO of EMEA Direct Real Estate, after serving as President of EMEA Direct Real Estate for the past five years.
  • Nhood has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. She previously held leadership positions at large real estate firms, such as Cushman & Wakefield Echinox and CBRE Romania.
  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.


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