Park Properties attracts partner for luxury villas project near Bucharest

Business Forum
Romanian developer Park Properties has partnered with entrepreneur George Peltecu to develop Sunlake Snagov Signature Collection, a development of 22 lakeside villas with a private marina. The project will be built on a 15,000 sqm plot on Lake Snagov shores, with construction starting this spring.

The development includes villas and a multifunctional building with ground-floor commercial spaces. Residents will have access to a private marina with dedicated berths, a water sports center, and a lakeside promenade. Building permits were obtained in 2025.

"Sunlake Snagov brings a combination of lakeside location, less than 5 minutes from DN1 and 10 minutes from the A3 highway, complemented by integrated amenities including commercial spaces, supermarket and private marina," said Mănăilă, Managing Partner of Park Properties.

Peltecu, known for healthcare projects including Umana Fertility and former founder of Nativia, added: "I joined the Sunlake Snagov project because it represents an investment with potential to set new standards in the premium residential market."

The completed development is projected to reach a market valuation exceeding €10 million. Park Properties has delivered 300 apartments across 10 buildings in Bucharest, with a portfolio exceeding €120 million in market value.

RECOMMENDED
Bucharest luxury resi market to exceed €400 million in 2025
Real estate

Bucharest luxury resi market to exceed €400 million in 2025

This year will end with over 1,000 premium and luxury dwellings delivered in new residential projects from Bucharest and its surroundings, a record for the recent history of Romania's residential market, according to a market report by SVN Romania.

Bellemonde launches new villa project near Bucharest
Real estate

Bellemonde launches new villa project near Bucharest

Bellemonde has announced the launch of Bellemonde Privée, a new residential project in Pipera adding 52 villas to the growing community. The total investment amounts to €25 million, with approximately 65% secured through a financing partnership with Vista Bank.

RECOMMENDED FROM THE HOME PAGE
Finance

Banks in CESEE region show growing confidence in credit

Banks in Central Eastern South-Eastern Europe report improving trends, with credit demand remaining robust, particularly from companies, while banks anticipate improvement in credit supply following a period of contraction.

READ MORE
Business Forum  |  14 January, 2026 at 6:08 PM
Business Forum  |  14 January, 2026 at 2:50 PM