Royal Town kicks off new phase of resi project in Iași

09
Mar
2026
News - Royal Town kicks off new phase of resi project in Iași #Alina Istina #Apartments #Construction #Iași #Residential #Romania #Royal Town

by Property Forum | Residential

Royal Town, the residential project in Iași, has announced a new development phase, with construction of the 12th building set to begin in April 2026.


The building will include 107 one and two-bedroom apartments, delivered fully finished "turnkey" according to the project's established standard. Construction work for this block will take approximately 18 months.

Royal Town has delivered approximately 1,200 apartments to date, with another 230 residential units scheduled for handover in 2026, including from buildings currently being completed. "Royal Town started almost a decade ago with a strong conviction: to provide people not just with apartments, but with a place where they want to live long-term," said Alina Istina, Sales Manager at Royal Town.

The complex includes an 800 sqm supermarket and pharmacy, sports halls and courts, children's playgrounds and landscaped green areas, beauty salons and medical offices, and cafes.




Latest news


New leases

  • The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
  • REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
  • RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • 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.


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