Alfa Group’s real estate division is consolidating its position in the high-end residential segment with the Cloud9 project, the premium residential complex located in Bucharest’s largest business district. With investments of €80 million in the Cloud9 Residence project, completed in 2021, and €90 million in the Cloud9 Evolution residential project (first stage of development), located in the immediate proximity, the standards of premium living in Bucharest are being redefined. The projects offer a lifestyle centred on comfort, energy efficiency and urban connectivity, while promoting the concept of a “15-minute city”.
Cloud9 is developed by Alfa Group’s real estate division, which has over 30 years of experience in the Romanian premium segment. To date, the group has built over 1,000,000 sqm of residential space and has sold more than 15,000 apartments.
The completed Cloud9 Residence project consists of four buildings with a height regime of GF+9+2R (two built-in floors), totalling 820 residential units, including studios and 2, 3, and 4-room apartments, all designed for a modern, functional, and comfortable lifestyle. Located nearby is the Cloud9 Evolution development, which will add 612 new apartments and 658 parking spaces.
“Cloud9 Evolution was designed to fully embrace the ’15-minute city’ principles, giving residents easy access to key city points such as office areas, educational institutions, shopping centres, and wellness centres. The project addresses the need to balance career and personal life within a sustainable, functional urban environment that fosters a connected and secure community with investment potential, in one of Bucharest’s most dynamic areas,” said Răzvan Brasla, CEO of Cloud9 Residence.
The company’s representative added: “Project financing has been provided entirely from own funds and bank loans, with no reliance on deposits received from clients. In line with international practice in the real estate sector, the advance payments have been secured in an escrow account.”
This responsible and transparent financial approach guarantees the security of the buyers and ensures that the project is developed and completed independently of the pace of sales or market fluctuations, facilitating the delivery of apartments to the highest quality standards and meeting the agreed deadlines.
Alfa Group strengthens its expertise in real estate through a diversified and strategic portfolio, which includes top office projects such as Oscar One, Maria Rosetti Tower, Eminescu Offices and Mendeleev Office 5, as well as renowned premium residential developments such as Residence, 20th Residence and 21 Residence. At the same time, the group is developing the Akcent City Bucureștii Noi project, a 723-apartment development. The approximately €90 million project will be completed by the end of 2025 and is already more than 70 percent sold.
These projects reflect Alfa Group’s commitment to the development of high-quality real estate solutions that meet both the demands of the office market and the needs of an ever-expanding urban community. With an innovation-driven approach, Alfa Group continues to set the standards for the premium real estate market in Romania.
