The new building, Celeritas Residence, is developed by Celeritas Translations Grup, which is 99% owned by Radcom, one of the shareholders of mobile phone operator Orange Romania.

“The project includes 35 apartments – studios, two-room and three-room apartments and two penthouse apartments and will be completed next May. Prices start a EUR78,000 for a 29-square meter studio with a four square meter balcony on the first floor and a parking spot costs EUR20,000,” Tiberiu Georgescu, sales representative for Celeritas Residence told ZF.

“The top floor consists of two 126 and 129 square meter penthouse apartments, whose prices are EUR537,000 and EUR546,000.”

The company has found buyers for five apartments so far and the buyers who make a significant down payment get certain benefits, he added.

At an average price of EUR2,750 per square meter and EUR20,000 per parking spot, this is one of the most expensive residential buildings currently developed in downtown Bucharest. More expensive projects can be found in Primaverii-Dorobani-Kiseleff areas where apartment prices start at over EUR3,000 per square meter.

The apartment owners will be able to remotely access their apartments via tablets or smartphones and change their air conditioning and heating settings, as well as check water and electricity meters at any time from any location. The building has four cable communications providers Telekom, Orange, UPC and RCS&RDS, Tiberiu Grigorescu added.

(English version by Loredana Fratila-Cristescu)