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

12
Aug
2025
News Article 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

  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.
  • Revetas Capital announced that Bonarka for Business “B4B” has secured a lease extension contract with a company of Hitachi Group - GlobalLogic. The company, a leader in digital product engineering, has been a tenant in B4B since 2016 and leases in total of 6,500 sqm of office space in Building F.
  • GTC has extended its lease for 1,700 square meters of office space with pharmaceutical company Egis Polska. The company will continue its operations in the Corius building at the Aeropark Business Centre in Warsaw.

New appointments

  • GTC has announced the appointment of Sebastian Junghänel to the Management Board as Chief Operating Officer, effective 2 September 2025. With more than 18 years of experience in the real estate sector across Germany and CEE, Sebastian brings strong expertise in asset management, project development, ESG and innovation. His career includes co-founding ZEITGEIST Asset Management, where he built a €1 billion portfolio, and senior management roles at HOCHTIEF Group. At GTC, Sebastian will focus especially on the oversight of our portfolio in Germany, which includes, includes 5,200 residential units in Kaiserslautern, Helmstedt, Heidenheim, and surrounding areas. His know-how will also support our development projects in Central and Southeastern Europe.
  • Justyna Filipczak has taken up the position of Executive Vice President of the CEE residential segment and joined YIT's management team.
  • Avison Young's Valuation and Advisory team in Poland has welcomed a new member, Michał Marynowski, who takes the role of Assistant Valuer. Among other experiences, he worked at the Court of Appeal in Warsaw, where he was responsible for verifying execution documentation for selected investments, updating data in the premises database for court buildings, and analysing tender bids. Proficient in GIS, AutoCAD, and Revit, he also has strong skills in interpreting planning documents.


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