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.




Latest news


New leases

  • Vastint Romania secured its first tenant for Bucharest-based Timpuri Noi Square Phase 2, signing SCOR for 3,250 sqm. The transaction, brokered by CBRE, facilitates SCOR’s expansion within Vastint’s local portfolio. The company has previously leased 2,320 sqm in Business Garden Bucharest.
  • EVO Properties has named Alexandru Marin as the new Property Manager for the London and Oslo office buildings in Bucharest. He brings over 15 years of property management experience.
  • IF&B Mille Sapori, the importer and distributor of Italian food products in Poland, has leased 4,118 sqm in the MLP Pruszków II complex. The lease deal was brokered by Coldwell Banker Commercial.

New appointments

  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.
  • 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.


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