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

  • 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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