InteRo Property Development

New hubs on Bucharest map: InteRo announces 1 billion EUR new project at Obor

New hubs on Bucharest map: InteRo announces 1 billion EUR new project at Obor 1141 600 BUCHAREST REAL ESTATE CLUB


New hubs on Bucharest map: InteRo announces 1 billion EUR new project at Obor

InteRo Property Development starts construction works at its EUR 1 billion, green project SkyLight Residence in Obor area. Recently the Topolinski Family paid the final EUR 12.5 million owing and took full ownership of the plot valued at EUR 120 million.

SkyLight Residence is a 15-minute City Concept project that offers residents a healthy and convenient “Live, Eat, Work and Play” lifestyle with retail, commercial space, office buildings, schools (private schools, kindergartens, nurseries), premium fitness centers, business centers, event rooms, first rooftop infinity pools in the city, dog park, children playground, and outdoor running track.

This ground shaking large scale high-quality project with a total built area of 486,000 sqm is located within the Heart of Obor directly next to Veranda Mall and across from Piata Obor. It is located with very convenient access to all major public transportations in the area as the tram line is immediately outside of the project and Metro Obor is only 800 meters away.

“We are excited to launch our most iconic and ambitious project, a reflection of our family’s commitment to the sustainable development of Bucharest real estate. We designed SkyLight Residence as a green, energy-efficient project and, given its features and transformative potential, it was included in District 2 Mayor’s project to revitalize Gara Obor and the surrounding area. The Mayor’s visionary project financed by the World Bank is an example of intelligent development and our Family is happy to get on board and create additional value for the sustainable future of this neighborhood.” said Michael Topolinski, founder of InteRo Property Development.

Phase 1 will deliver 551 apartments within 7 buildings. As construction works will accelerate by the end of this year, InteRo Property Development plans to have the first residents occupy in 2027.

Learn more about SkyLight Residence and schedule an in-person meeting with the sales team by visiting: https://skylightresidence.ro

InteRo Property Development starts +EUR 170 million investments this year in Northern Bucharest

InteRo Property Development starts +EUR 170 million investments this year in Northern Bucharest 900 600 BUCHAREST REAL ESTATE CLUB


InteRo Property Development starts +EUR 170 million investments this year in Northern Bucharest

03.04.2024

InteRo Property Development has received the building permit for Pajurei 3 Residence, with construction works to begin in the following weeks. The developer also expects to receive the building permit for SunLight Residence, a residential project in Tunari area, in the following months.

InteRo Property Development will soon close the acquisition of MoonLight Meadows, a 4.5-hectare plot of land in Otopeni area with a PUZ. The large-scale residential project has an estimated investment value of more than EUR 80 million, developing more than 400 apartments in the upcoming years.

The three developments represent a combined investment in Northern Bucharest exceeding EUR 170 million.

Ashton Topolinski, Partner, Head of Marketing & Branding and Sustainability Lead at InteRo Property Development

“InteRo’s development strategy focuses on building projects that add value to Bucharest’s economy, enrich the livelihood of our residents and, are attractive to investors. As Romania’s Sustainable Development Strategy 2030 is approaching, we align with creating beautiful communities that are energy efficient, using a significant share of energy from renewable sources.”

With an estimated investment value of EUR 65 million, Pajurei 3 Residence is the first luxury project in Pajura, Bucurestii Noi and is expected to generate investors an average rental yield of approximately 7% (considering all price levels).

Răzvan Nica, Managing Partner at BuildGreen and lead architect for Pajurei 3 Residence BREEAM Excellent Certification

“We are in the BREEAM certification process for the Pajurei 3 Residence project, and through our dedicated approach and intensive focus on sustainability, we confidently anticipate that we will achieve the standards required to achieve BREEAM Excellent certification. Nowadays, green construction is no longer just an option, but is gradually becoming an essential requirement for modern residential developments, bringing tangible benefits in terms of energy efficiency, environmental responsibility and sustainability.”

Following an estimated investment value of EUR 25 million, SunLight Residence will be a more mid-market, affordable development. SunLight Residence will include 5 blocks with 180 spacious apartments (2-room, 3-room, and 4-room with 100+ sqm garden apartments), a children’s playground, green spaces, bicycle storages, and as well as 360 parking spots.