“This year our strategy focuses on expansion in Bucharest. We plan to deliver 500 apartments per year and thus increase our residential portfolio,” said Andrei Moanta, CEO Prima Development Group.
The company si one of the most active local developers by number of residential units delivered each year. It currently has ten projects under way.
In Bucharest, Prima Development Group built Boemia Apartments and Core Timpuri Noi and plans to start new investments by the end of this year.
“We are looking for large plots of land in good areas of the city and at the end of this year we will start three new major projects in Bucharest, that will total over 2,500 apartments,” Moanta added.
After 15 years of development experience in Oradea, where it delivered over 3,000 apartments totaling over EUR180 million so far, the developer entered the residential market in Bucharest in 2017, investing EUR8.5 million in Boemia Apartments, a boutique project in the city center, currently sold out.
Its second project in Bucharest, Core Timpuri Noi, consists of 240 apartments to be delivered this year, following an investment of EUR20 million.