REIT has appointed real estate consulting firm Colliers to provide full corporate leasing services for Vitan Estates.
The Vitan Estates residential complex includes three buildings, with a total built area of over 20,000 square meters. The complex has 375 apartments available – lofts, studios, one and two bedrooms, all with furniture and fittings (unfurnished on request). The investment in this project exceeds EUR20 million.
Following the American model, the complex also offers laundry and dry cleaning, a fitness room, a bistro, a convenience store, concierge service and parking spaces. Lease contracts are signed for a period of at least one year, with the possibility of extension. The location offers quick access to shops, shopping centres, supermarkets, parks, restaurants and other places of interest in Bucharest.
The two completed buildings in the Vitan Estates residential complex are almost fully leased, reaching an occupancy rate of 98.7%. The third building, which is under construction, is 100% pre-leased.
Colliers consultants are currently in talks with several developers and investors regarding the construction of rental-only complexes in several areas of Bucharest and have recently brokered a land transaction for such a project.