Developed on a surface area of 3.2 hectares, Cloud9 Evolution is scheduled for completion in the fourth quarter of 2026. At the end, the project will consist of a total 612 apartments with 1, 2, 3 and 4 rooms, more than 700 parking spaces, pedestrian alleys, green areas, playgrounds, common spaces and infrastructure, alongside a kindergarten and a school, as well as shopping center.
Recently, Alfa Group, through the company Iride Development, acquired from CPI Romania the largest part of the IRIDE Park project, the related logistics and two nearby buildings, for potential developments subsequently. The buildings IRIDE eighteen, myhive I IRIDE nineteen, myhive I IRIDE twenty and myhive Metroffice do not make the object of this transaction and remain the property of CPI Romania.
Alfa Group was established by businessman Alin Niculae, who controls the biggest Romanian-held oil wholesale company Oscar Downstream, with a turnover of EUR1.4 billion. His real estate portfolio in Bucharest includes office buildings Oscar One, Maria Rosetti Tower, Eminescu Offices, Mendeleev Office 5, as well as landmark real estate projects such as Cloud9, 19th Residence, 20th Residence and 21 Residence – Phases 1 & 2.