News Article Arqa Excelsior Construct & Development High Garden East Petre Niculae residential Romania
by Property Forum | Residential

Romanian entrepreneur Petre Niculae, the owner of several construction and real estate companies, has recently started the construction of a new residential complex in Bucharest that will feature 750 apartments.

The High Garden East project has already recorded a sales rate of 30% of the 522 apartments developed in the first phase. The first phase is slated for completion in December 2024, while the whole project will be delivered in May 2025.

Petre Niculae, Founder of Excelsior Construct & Development, says the location of the project (Doamna Ghica) has potential for new residential developments due to good access to facilities. 

North Bucharest Investments is the exclusive sales agent for High Garden East.

The builder of the project is Pedro Construct, which is owned by Niculae. He is also co-owner of Arqa, a property company that is currently developing a new luxury residential project in northern Bucharest.