Alfa Group, held by entrepreneur Alin Niculae, is currently building the second phase of the Cloud9 Residence residential project in Bucharest's north-eastern area of Pipera, and is readying to launch the third phase of the project in 2025, Razvan Brasla, CEO Cloud9 Residence, told the conference "ZF Trends in the residential market 2025."
“We are developing 612 apartments in the second phase of the project and we are also set to launch the third phase in 2025, with an additional 560 apartments. Thus, we are developing a total of 1,200 apartments on this platform of 3.2 hectares in northern Bucharest.”
The investment in the second phase of the project nears EUR80 million.
