Cloud9 launches second phase of resi project in northern Bucharest

Business Forum
Cloud9, part of Alfa Group's real estate division, has begun construction on the second phase of its Cloud9 Evolution residential project in northern Bucharest. The company is investing €80 million in this phase, part of a total €170 million budget for the entire development.

The project spans 3.2 hectares and will deliver 1,148 apartments including studios, two-, three-, four-room units and penthouses, plus an innovative 2.5-room layout. The development includes over 1,200 parking spaces, with the second phase contributing 536 residential units and over 540 parking spaces.

"Cloud9 Evolution meets the principles of the 15-minute city, offering quick access to all points of interest and facilities required for a lifestyle," said Răzvan Brasla, CEO of Cloud9. The first phase is 50% sold, with delivery expected within 12 months, while the second phase is scheduled for completion in 2027.

The development features contemporary architecture with dynamic facades and U-shaped buildings that create interior spaces and social areas. All apartments include large glass surfaces, terraces, underfloor heating, and smart home systems. Integrated photovoltaic panels power common areas to improve energy efficiency.

Starting in 2026, a modern educational facility will open within the development. The second phase will add commercial spaces including a cafeteria, artisan bakery, laundry, fitness room, basketball court, and wellness areas. "We are building an ecosystem where technology, sustainability, and community complement each other, offering not just apartments, but a complete setting for an active and balanced life," Brasla added.

RECOMMENDED
Bucharest resi market continues to face pressure on product availability
Real estate

Bucharest resi market continues to face pressure on product availability

Răzvan Brasla, CEO of Cloud9, spoke to Property Forum about the 2026 residential outlook, where limited supply and administrative hurdles will keep prices stable. He also detailed progress on Cloud9 Evolution, a 15-minute city development featuring an integrated €3 million school.

Long-term thinking is becoming real estates biggest advantage
Real estate

Long-term thinking is becoming real estate's biggest advantage

At Bucharest Business Forum 2026, the closing panel brought together senior executives from residential, logistics, and asset management to explore how Romania can unlock its next phase of growth. Moderated by Ana Dumitrache, CEO, Olympian Parks, the discussion ranged from unlearning old market reflexes and rethinking “location,” to the disruptive impact of AI and the structural gaps still holding Romania back versus peers like Poland. Despite working in different segments, the speakers converged on a few core themes: long‑term value over short‑term volume, community and quality over simple density, and disciplined governance as the missing ingredient for Romania's full potential.

Zinan invests over €30 million in Iași resi complex
Real estate

Zinan invests over €30 million in Iași resi complex

Zinan company has launched the Vlaicu 87 residential project in Iași, part of regenerating the former Phoenix platform across approximately 56,000 sqm, requiring an investment of over €30 million in the first phase.

Hubix invests €20 million in resi project near Bucharest
Real estate

Hubix invests €20 million in resi project near Bucharest

Hubix, a Romanian real estate management and investment company, announces a €20 million investment in the development of the Abito Pipera residential project, a mixed-use complex designed for modern urban living and community.

RECOMMENDED FROM THE HOME PAGE
Industry

Romania ranks 7th in CEE AI readiness

Romania ranks 7th out of 11 countries in the CEE AI Index 2026, which highlights one of the strongest AI policy foundations in CEE alongside one of the largest gaps between strategy and actual economic adoption.

Agriculture

DN Agrar secures €13.5 million for farm expansion and composting

DN Agrar Group, one of Romania's leading integrated agrifood companies and Europe's largest dairy milk producer, has announced a €13.5 million investment plan for developing its sixth farm and expanding composting facilities as part of its 2025-2030 growth strategy.

READ MORE
Business Forum  |  8 June, 2026 at 2:00 PM
Business Forum  |  8 June, 2026 at 1:00 PM