River Development

River Development has a new Managing Partner

River Development has a new Managing Partner 900 600 BUCHAREST REAL ESTATE CLUB


River Development has a new Managing Partner

17.04.2024

River Development, one of the local real estate developers, has a new Managing Partner, in the person of Oana Rădulea. Oana thus takes over the executive management of the company, from the former Executive Director, Liviu Birău.

Oana Rădulea has over 21 years of experience in the local and international real estate development industry. Before joining the River Development group of companies, Oana held for 7 years, the position of Leasing & Business Development Director at White Star Real Estate, a real estate developer active in Central and Eastern Europe.

Oana Rădulea, Managing Partner River Development

My active contribution in the companies’ group development managed by River Development began 14 years ago, while my efforts have been mainly focused on the planning and implementation of strategies for property leasing, management and development of the portfolio of buildings in Sema Parc. Consolidating the leading position on the local real estate development market represents the main goal in the company’s long-term development process

River Development is a real estate investor and developer with Romanian capital, with over 20 years of activity on the local market, supported by a team of professionals with extensive experience in planning, developing and managing large-scale real estate projects. River Development is developing two of the capital’s major urban reconversion projects: Sema Parc – located on Splaiul Independentei – approx. 1,000,000 sqm GBA and The Light – located on Iuliu Maniu Boulevard, approx. 150,000 sqm GBA. Both are located in the central-western area of the capital and are in different stages of development.

Member News: River Development Sells The Light One Office Building to UNIQA Real Estate

Member News: River Development Sells The Light One Office Building to UNIQA Real Estate 1200 600 BUCHAREST REAL ESTATE CLUB

River Development, the developer of the 2 integrated and multi-functional projects – Sema Parc and The Light, signed the transaction for the sale of The Light One building to the investor UNIQA Real Estate GmbH. The Light One has a total leasable area (GLA) of 21.653 sqm.

“The Light One is a development landmark for office buildings in Bucharest and we are proud of what we have achieved. Closing this transaction today is a success for us, especially since it took place in a time marked by challenges. Selling The Light One office building will allow us to further develop the other projects we have in various stages of development in Sema Parc and The Light,” says Ion Radulea, founder and CEO of River Development, the developer. 

The Light One is a Class A office building, located in Bucharest on 6Q Iuliu Maniu Boulevard. It has a built area of 32.500 sqm and a structure of 2 underground floors, 10 floors and a technical floor. The building is a green building, and is certified with the BREEAM Excellent rating. Among the tenant companies based in The Light One: Regina Maria, with the largest pediatric center in the country and Kinetic, which provides physical therapy and medical recovery services for children and adults, Banca Transilvania, Comdata, Vego Holding, ON Semiconductor, Manpower Group, Sweat Concept.

The Light One is the first built of the whole The Light ensemble, which will include, at the end of the project, three distinct office buildings – The Light One, The Light Two and The Light Three, to which is added the residential segment The Light Home and related facilities.

“The Light is an outstanding development with further development phases to come. Being able to secure The Light One for UNIQA and our customers in a quite challenging market environment makes us confident to also reach our further goals in Bucharest and the CEE region” –Thomas Erdmann, GM of UNIQA Real Estate GmbH.

(23.04.2021)