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
Prima Development starts phase two of resi project in Bucharest
Real estate

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.

Hils Development completes sale of resi complex in Bucharest
Real estate

Hils Development completes sale of resi complex in Bucharest

Romanian developer Hils Development has announced the complete sale of the Hils Brauner residential complex, located in eastern Bucharest in the Theodor Pallady - Victor Brauner area. The project comprises 1,336 apartments and over 2,500 residents.

Speedwell boosts financing for resi complex in Bucharest
Real estate

Speedwell boosts financing for resi complex in Bucharest

Speedwell is strengthening its collaboration with Garanti BBVA Romania through a new €8 million financing agreement. The facility will fund the development of Building C8, the fourth building within The Ivy, Speedwell's residential project near Băneasa Forest. With this deal, Garanti BBVA's total financing for The Ivy now reaches almost €40 million.

Alesonor starts €8 million sports investment in resi complex near Bucharest
Real estate

Alesonor starts €8 million sports investment in resi complex near Bucharest

Alesonor has partnered with Pescariu Sports&Spa to create a 12,000 sqm sports and leisure complex within the Amber Forest suburb, with a planned investment of €8 million. The project will feature outdoor tennis and padel courts, two leisure pools, and a 2,200 sqm central building including a semi-Olympic swimming pool, spa, and fitness club.

RECOMMENDED FROM THE HOME PAGE
Cris-Tim raises almost €90 million from IPO
Industry

Cris-Tim raises almost €90 million from IPO

Cris-Tim Family Holding, the Romanian cold cuts and ready-meals producer, successfully completed its initial public offering (IPO), raising RON 454.35 million (€89.5 million).

READ MORE
Business Forum  |  31 October, 2025 at 4:02 PM
Business Forum  |  31 October, 2025 at 2:58 PM