Rock Development starts new phase of Bucharest resi project 

19
Dec
2022
News - Rock Development starts new phase of Bucharest resi project  #apartments #Bucharest #Mircea Cotiga #residential #Rock Development #Romania

by Property Forum | Residential

Romanian company Rock Development has started the construction of the second phase of Avrig Park Residence in Bucharest with an investment budget of €23 million. 


The first completed phase includes 135 apartments, while the second one features 222 apartments. The project will also include 450 parking lots and commercial spaces at the ground floor, while in the underground will be all the parking and storage spaces for all the apartments. 

“Construction started four months ago and we already sold approximately 25% of the 222 apartments. We are trail blazers in Bucur Obor area, which will be a major city real estate pole in the future, and we are confident in the evolution of the residential market in the future,” stated Mircea Cotiga, CEO of Rock Development. 

The company has previously completed a residential project with 434 apartments in Bucharest. 




Latest news


New leases

  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


Latest news

News - Revetas Capital sells Kraków office building to Proton Property
11
May
2026

Revetas Capital sells Kraków office building to Proton Property

by Property Forum
Revetas Capital has completed the disposal of Building A of the Bonarka for Business complex in Kraków to Proton Property, a local investor and developer. 
Read more >
News - Park Properties starts construction of a villa complex near Bucharest
08
May
2026

Park Properties starts construction of a villa complex near Bucharest

by Property Forum
Real estate developer Park Properties has announced the start of construction works for SunLake Snagov Signature Collection, a high-end residential complex located on the shore of Lake Snagov, near Bucharest.
Read more >
News - Croatia's hospitality construction faces slowdown risk this summer
07
May
2026

Croatia's hospitality construction faces slowdown risk this summer

by Property Forum
Croatia's construction sector is threatened with damage this summer due to the ongoing US-Israeli-Iran conflict. While the pain has not been intense so far, the situation could worsen significantly by mid-June or even late May, according to an analysis by the Eastern European Construction Forecasting Association (EECFA).
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

 

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