Prima to develop 491 apartments in Western Bucharest

11
Nov
2024
News - Prima to develop 491 apartments in Western Bucharest #Adrian Stoichină #Bucharest #nZEB #Prima Astera #Prima Development Group #Romania

by Property Forum | Residential

Romanian property developer Prima Development Group has obtained the construction authorization for a new residential complex with 491 apartments in the western part of Bucharest.


The project will be developed in two phases following an investment of €65 million. The Prima Astera complex will be built based on nZEB standards and will include 33 charging stations for electric cars.

“After the centre and north of Bucharest, where we have already built new communities, we have chosen to focus our attention on the western part of the city, which presents advantages for future residents due to its proximity to shopping centers, Drumul Taberei park, and the metro. At the same time, this area has seen spectacular growth in the last four years and offers an excellent perspective in terms of improving the quality of living,” says Adrian Stoichină, Co-CEO of Prima Development Group.

Prima Development Group currently owns other land plots in Bucharest, in various parts of the city, where it can develop another 3,500 apartments. The company has previously delivered two residential projects in Bucharest.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • 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.

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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