Novum Invest expands resi project on Romanian seaside

26
Oct
2022
News - Novum Invest expands resi project on Romanian seaside #Alin Popa #Bucharest #Novum by the Sea #Novum Invest #Olimp #Romania

by Property Forum | Residential

Romanian developer Novum Invest will invest in luxury homes as part of an expansion of its Novum by the Sea resort in Olimp. 


The residential complex, which will be delivered in the next 2 years, will comprise 408 apartments and 36 duplexes and 465 parking lots, located in the three basement levels. 

The initial resort project was completed in 2020 following an investment of more than €20 million. 

“We are thus continuing the second phase of the Novum by the Sea master project, by expanding it with a luxury residential complex, addressed to those who want to own a property inside the relaxation resort. We address both investors and residents who want an extended vacation, enjoying all the facilities offered by Novum by the Sea," says Alin Popa, General Manager of Novum Invest. 

The company currently has four new residential projects under development in Bucharest, with over 1,700 apartments to be delivered in the next 3 years.




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New leases

  • 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.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • 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.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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