Prima Development finalises residential project in Bucharest

04
Mar
2021
News - Prima Development finalises residential project in Bucharest #investment #Prima Development Group #residential #Romania

by Property Forum | Residential

Prima Development Group announces the completion of the Boemia Apartments project, whose construction started in 2019 in Bucharest. 


Boemia Apartments is a boutique residential complex with 75 apartments. The project benefited from an investment of €8.5 million and is currently sold in full and handed over to the owners.

Prima Development Group is also building the Core Timpuri Noi residential project in Bucharest, which, will be delivered this year. The investment in the 240 apartments is €20 million. The Company also announced earlier this year its intention to consolidate and expand its activity on the real estate market in the Capital with new projects that will total over 2,500 apartments.

The company started its activity in 2005, in Oradea, where it has so far delivered over 3,000 apartments in buildings with a total cumulative value of over €180 million. Since 2017, the company is also present in the Bucharest market.




New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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