STC Partners to start new resi project in Bucharest

Business Forum
STC Partners will start a new residential project in Bucharest after completing the acquisition of a land plot for €7.2 million.

The developer has already secured the building permit for the new residential complex that will feature 170 apartments, retail spaces and additional facilities for residents. The estimated investment in the complex will reach close to €35 million.

“Construction will start in the fall of this year, and the sales are expected to start in the coming weeks, as many of our clients, partners, and collaborators have already requested offers", says Andrei Ștefan, Partner STC Partners. 

At present, STC Partners is developing the second phase of a separate residential project in Bucharest.

RECOMMENDED
Fewer homes get completed in Romania in Q1-Q3 2024
Real estate

Fewer homes get completed in Romania in Q1-Q3 2024

The total number of homes completed in Romania in the first nine months of the year was 42,312, down by 18.1% compared to the same period last year, according to a report by the National Institute of Statistics (INS).

Northern Bucharest to continue to drive resi demand
Real estate

Northern Bucharest to continue to drive resi demand

Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the status of its €40 million residential investment in northern Bucharest and the growing demand for homes in this area in the long term.

RECOMMENDED FROM THE HOME PAGE
Electrica secures grid permits for 700 MWh of storage
Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.