Prima Development delivers €23 million resi project in Bucharest

27
Jan
2022
News - Prima Development delivers €23 million resi project in Bucharest #Andrei Moanță #Bucharest #Core Timpuri Noi #Oradea #Prima Development Group #residential #Romania

by Property Forum | Residential

Prima Development Group has announced the completion of the Core Timpuri Noi residential project in Bucharest following an investment of €23 million.


On completion of the 240-apartment complex, the sales rate was 88%. The project also includes three commercial spaces and 250 parking spaces, including 25 charging stations for electric vehicles.

"We set out to build sustainable and healthy apartments that will increase in value over time and represent truly smart investments," said Andrei Moanță, CEO of Prima Development Group.

The developer has so far completed 3,000 apartments in Oradea worth more than €180 million. On the Bucharest market, the company is present with two housing projects.




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  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
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  • Aleksandra Walaszek and Tomasz Nowakowski have joined Cushman & Wakefield’s Retail Agency. Walaszek has more than 10 years of experience in the retail sector. Nowakowski is an expert with nearly 20 years of experience in strategic leasing and retail property transaction management.
  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.


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