ARTICLES LABELLED WITH TAG prima-astera
27
Oct
2025
Oct
2025
Prima Development starts phase two of resi project in Bucharest
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.
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11
Nov
2024
Nov
2024
Prima to develop 491 apartments in Western Bucharest
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.
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Latest news
- Alides and Revive sell Imperial Shipyard site to Develia
- Logicor reaches full occupancy at Alligator Park in Budaörs
- Fiege expands 21,000 sqm across three Panattoni parks
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- Property Forum appoints Irina Gasson as Chief Growth Officer to accelerate European expansion
- Hungary's residential market surges 32% in March
- Genesis Property gets green certification for Yunity Park building in Bucharest
- Arete sells Slovak industrial park to Erste fund
- ULI Poland invites market to conference on new balance of forces shaping real estate
- How is agentic AI turning into real estate’s new operating advantage
New leases
- Lagardère Travel Retail has renewed its 2,300 sqm office lease for its HQ at the Bucharest-based Globalworth Campus, in a deal brokered by Cushman & Wakefield Echinox.
- Jack & Jones has leased 310 sqm for a new store at Promenada Sibiu, owned by NEPI Rockcastle.
- Palas Campus, Romania's largest office building, is set to host the new regional hub for BCR starting this autumn. The HQ will occupy a surface area of approximately 1,000 sqm and will serve clients from the local county and adjacent regions.
New appointments
- NEPI Rockcastle has nominated Zelda Roscherr as an Independent Non-Executive Director. Roscherr will stand for election at the Annual General Meeting (AGM) in May 2026. André van der Veer, currently an Independent Non-Executive Director, will retire at the conclusion of the AGM and will not seek re-election.
- Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
- PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
