Prima Development starts phase two of resi project in Bucharest

27
Oct
2025
News - Prima Development starts phase two of resi project in Bucharest #Adrian Stoichină #Bucharest #Nzeb #Prima Astera #Prima Development Group #Residential #Romania #Smart Home

by Property Forum | Residential

Romanian developer Prima Development Group has started construction on phase two of the Prima Astera residential complex, the first high-end project in western Bucharest built to nZeb standards. The new phase includes a building with 197 apartments, 234 parking spaces and a kindergarten with over 600 sqm of usable space for future residents' children and neighbourhood families. The gross development value for phase two amounts to €30 million, with delivery estimated for November 2027.


"Phase two of Prima Astera continues our vision for developing this area of the capital. We're talking about high-end, energy-efficient homes adapted to urban lifestyle and connected to people's real needs. The private kindergarten we will integrate into the complex is an important facility for families with children, but also support for work-life balance," says Adrian Stoichină, co-CEO Prima Development Group.

Located on Bulevardul Ghencea 79D, the Prima Astera residential complex brings quality standards, architecture and comfort to the western part of the city. The area was strategically chosen for accessibility and quality of life, with a metro station, Drumul Taberei park, shopping centres and expanding urban infrastructure nearby. These advantages have been reflected in record apartment sales from phase one, with 75% already sold.

Prima Astera integrates sustainable solutions and smart technologies including 15cm superior thermal insulation for enhanced energy efficiency, centralised heating system, smart home technology in each apartment allowing remote heating control and personalised climate in each room. The complex features fast-charge stations for electric cars (22 kW), with 33 installed in phase one and infrastructure prepared for expansion to 60 units.

Phase two adds another benefit: a kindergarten with approximately 600 sqm of usable space for families choosing to live in the Prima community and neighbourhood residents. The space for a private operator reflects Prima's vision of creating modern communities where housing comfort naturally extends through quick access to essential services and facilities.




Latest news


New leases

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


Latest news

News - Prague office market faces supply crunch in 2026
27
Feb
2026

Prague office market faces supply crunch in 2026

by Property Forum
Prague's office market is experiencing a supply shortage that will continue through 2026, with vacancy rates dropping to just 5.9% - the lowest since early 2020, according to a report by Colliers. Despite strong demand, limited new construction is creating tension in the market.
Read more >
News - Rohlig Suus expands to 48,000 sqm at Eli Warsaw Airport
27
Feb
2026

Rohlig Suus expands to 48,000 sqm at Eli Warsaw Airport

by Property Forum
European Logistics Investment (Eli) has finalised a lease renewal and expansion at its Warsaw Airport Park in Janki with Rohlig Suus Logistics. Under the agreement, Rohlig Suus Logistics extended its lease for the next 15 years and will expand to approximately 48,000 sqm, consolidating operations and becoming the sole occupier of the park's north building.
Read more >
News - Romanian hotel industry hits record stays in 2025
26
Feb
2026

Romanian hotel industry hits record stays in 2025

by Property Forum
Romania's hospitality industry recorded the highest number of hotel nights in three decades during 2025, according to Colliers' annual report. Despite a challenging economic backdrop in H2 2025, interest in Romanian travel remained strong, particularly among foreign tourists who generated nearly 5 million overnight stays.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

Sign up today for the latest news

I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy