BR ANALYSIS. High-end homes get new concept: affordable luxury
At the high end of the market, the most significant delivery in 2018 was One Charles de Gaulle, with 33 apartments. By the delivery date, 90 percent of the units were already sold.
In December, developer Atenor took its first steps towards the high-end residential sector in Bucharest, by acquiring a plot of 7,150 sqm in the Floreasca/Barbu Vacarescu area. The site is located between the recently redeveloped Lake Floreasca area and the Aurel Vlaicu underground station, close to Promenada mall.
This acquisition fits into Atenor’s development strategy, which aims to promote projects with high architectural and environmental quality across European cities with strong economic fundamentals.
Other at least premium or affordable luxury projects were Cloud 9 Residence with around 800 apartments, Aviatiei Towers with some 150 flats and Aviatiei Park with 352 apartments.
Last year, Prime Kapital confirmed it would start developing on two land plots in the Pipera area (Avalon Estate) and in Bucurestii Noi (Marmura Residence). With approximately 800 residential units, including houses and apartments, the Avalon Estate is scheduled for delivery this year.