Prime Kapital gets construction permit for resi project in Iași

Business Forum
Prime Kapital has obtained the construction permit for the first phase of its new residential project in Silk District: Loom. This represents the fourth stage of the urban regeneration project in Iași, developed on the site of a former silk factory.

Construction work is scheduled to begin this summer. The first Loom phase will include 314 homes in two residential buildings, alongside a dedicated parking structure designed to offer a balance between functionality, comfort and architectural expression. The permit process was completed within a professional institutional framework, allowing the project to advance according to the assumed schedule, in full compliance with urban regulations.

Loom, the new stage of Silk District, will have four development phases with a total of 1,254 new apartments. Designed with an innovative urban planning approach, Loom will include six generous interior courtyards and a recreational space on the parking roof. A multi-storey parking structure will connect all future phases, ensuring continuity of car-free green spaces whilst providing accessible and convenient parking solutions for residents.

"It is important for us to ensure continuity in the development pace so that we can deliver new units annually in Silk District. Iași remains one of the most affordable major cities for purchasing a new home, and buyers will benefit not only from the advantages of an exceptional project, but also from a very good investment," said Maggie Kitshoff, Prime Kapital Partner.

So far, Silk District has recorded record sales, with over 90% of units sold before completion of each phase. Phase 3, currently under construction and scheduled for completion in Q2 2026, has only a few units available, with 85% of apartments already sold.

RECOMMENDED
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.

Bucharests unoccupied homes stock more than doubles in decade
Real estate

Bucharest's unoccupied homes stock more than doubles in decade

The number of unoccupied homes in Bucharest has grown 2.4 times over 10 years to over 218,000 units, according to a Storia analysis of Romania's 2011 and 2021 census data. Nationwide, over 2.5 million homes remain unoccupied, representing a quarter of Romania's total housing stock.

Romanias retail market hits 5 million sqm milestone
Real estate

Romania's retail market hits 5 million sqm milestone

Romania's modern retail market exceeded 5 million sqm in 2025, following deliveries of approximately 190,000 sqm of new retail space, around 20% above the five-year average, according to Colliers' annual report.

What the surge in technical services demand means for property investments in 2026
Real estate

What the surge in technical services demand means for property investments in 2026

Andrei Ianculescu, Head of Project & Development Services at Cushman & Wakefield Echinox, talked to Property Forum about the expansion of design and ESG advisory services, the industrial and logistics sector's growth post-Schengen, and the importance of independent project management for tenant fit-outs. Ianculescu also emphasised the potential in secondary cities and the increasing relevance of aligning projects with sustainability standards.

Bucharest housing prices surge 60% in past six years
Real estate

Bucharest housing prices surge 60% in past six years

Housing prices in Romania's major cities have increased by 60-90% over the past six years, making apartments increasingly unaffordable in central areas, according to a report by Colliers Romania. Bucharest saw a 60% rise, while Cluj leads with a 100% surge and Timișoara recorded 90% growth.

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.