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.




Latest news


New leases

  • BearingPoint has relocated its Bucharest office to Vastint’s Timpuri Noi Square, in a deal brokered by Griffes.
  • Lagardère Travel Retail has renewed its 2,300 sqm office lease for its HQ at the Bucharest-based Globalworth Campus, in a deal brokered by Cushman & Wakefield Echinox.
  • Jack & Jones has leased 310 sqm for a new store at Promenada Sibiu, owned by NEPI Rockcastle.

New appointments

  • Michał Kochanowski-Laren has joined Avison Young Poland’s Technical Advisory and Project Management team as Project Manager. In his new role, he is responsible for delivering a variety of consultancy projects across all segments of the commercial real estate market in Poland. Kochanowski-Laren is an electrical engineer and a graduate of the Warsaw University of Technology.
  • Colliers Hungary has appointed Balint Laszlo as Director and Head of Design & Build. Laszlo brings over a decade of expertise in technical project management and fit-out execution, with a specific focus on the office and industrial sectors. He previously served as Head of Fit Out at Futureal Group, where he managed project execution, technical delivery, and cross-functional collaboration. His professional background also includes site management and commercial leadership roles.
  • NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.


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