Prima Development acquires new land plot in Bucharest

Business Forum
Prima Development Group has acquired a two-hectare plot adjacent to its new residential project Prima Solis, launched this summer. The transaction worth nearly €4 million will allow the expansion of the complex with approximately 700 apartments.

Located near Mega Mall – Delfinului, with access to Doamna Ghica Street, Prima Solis is an urban regeneration project built on the former Antrefrig industrial platform, where a furniture factory previously operated. The complex has easy connections to the city center and is close to major shopping centers and recreation areas including Sfântul Pantelimon, IOR – Alexandru Ioan Cuza, Morarilor and Florilor parks.

The 700 additional apartments will maintain the same quality, sustainability and comfort standards, featuring efficient layouts, natural light, smart home solutions and nZEB (nearly Zero Energy Building) construction. The apartment mix offers studios and two, three or four-room apartments, as well as two-level penthouses, all with generous terraces.

"This expansion consolidates Prima Solis' position as the largest residential project in the area and an urban landmark for eastern Bucharest. We want to create not just modern homes, but also a space where people can live balanced lives, connected to both the city's infrastructure and nature," says Adrian Stoichină, co-CEO Prima Development Group.

Work on Prima Solis began in July, initially developed on 37,000 sqm, and following the new acquisition will reach 57,000 sqm, accommodating nearly 1,700 apartments. The first phase will be completed in summer 2027, according to the developer's estimates. The project includes over 1,000 parking spaces, 60 electric vehicle charging stations, two playgrounds, more than 500 storage units, and approximately 2,500 sqm of commercial and service spaces.

RECOMMENDED
€20 million Bucharest resi project enters advanced construction stage
Real estate

€20 million Bucharest resi project enters advanced construction stage

Palladyo, a residential project located on Theodor Pallady Boulevard, has completed its structural framework, entering an advanced construction stage. The total investment is estimated at €20 million. The project is developed by Mulberry, a company founded by Oleksandr Sobko and active in markets including Lithuania, Romania, the United Kingdom and Cyprus. Palladyo includes 130 residential units, from studios to four-room duplexes, two ground-floor commercial spaces, shared terraces and 134 parking spaces, of which 75 are underground and 59 above ground.

Cordia breaks ground on Bucharest project with 12% pre-sales
Real estate

Cordia breaks ground on Bucharest project with 12% pre-sales

Cordia Romania has marked a milestone with the cornerstone ceremony of Centropolitan, its residential project in central Bucharest near Bucharest Mall and Alba Iulia Square. The event, attended by Tibor Földi, Chairman of Cordia Group, and Mauricio Mesa Gomez, Chairman of Cordia Romania and Spain, signals the official launch of construction for the 274-apartment development.

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.