Belgian real estate developer, Atenor, is starting, this month, construction of UP-site, its’ first prestige residential project located in Floreasca, Bucharest. The building permit was obtained last spring, right after lockdown. Since launching the sales process, at the end of November 2020, almost 50 percent of the whole project has been signed off-plan.
UP-site Bucharest will feature 270 apartments in two residential high-rise buildings of 12 and 25 floors connected thanks to a common ground floor. Being in the centre of the hottest developed area of the city – 5 minutes walk to most of the prestigious office buildings on the market, 1-minute walk to Promenada Mall, 3 minutes walk to the Aurel Vlaicu Metro station and in the same time close to one of the greenest areas of Bucharest – 2 minutes’ walk to Floreasca Lake, 10 minutes walk to Herastrau Park (King Michael 1st) it makes this location not only unique but also functional and efficient.
Besides the city view through the full height glass façade, from floor to ceiling, the project brings benefits that will make the future owners’ life easier, healthier and worry-free: a fully functional SPA, with a swimming pool and gym, located in a connection area between the two towers on the ground floor and mezzanine, green areas, underground parking and storages, as well as the latest technologies in terms of safety or comfort.
“By starting the construction of Up-site project Atenor reconfirms its international commitment and confidence in Romania’s Real Estate market. Up-Site will add up to the Atenor’s already finished or under construction landmark developments: Hermes Business Campus, Dacia One and @Expo. The response of the market to our pre-sales campaign is encouraging and compels us to deliver the expected quality product to our clients”, said Sorin Dumitrașcu, Country Director Atenor Romania.
Knight Frank Romania has been consulting on the residential sales & marketing strategy and is in charge of the sales and marketing process implementation.
“We are honoured and proud to be the exclusive agent of UP-site, an amazing premium project contributing to the skyline transformation of Bucharest. It is only a positive sign of the market that we need high-end residential in Romania, since the team registered record sales during the pandemic, even signing for half of the penthouses”, said Horatiu Florescu, Chairman & CEO Knight Frank Romania & Hungary.
The international property management company, MVGM Group, has decades of experience in the Romanian market through the acquisition of JLL’s European property management division. The MVGM Group manages commercial...
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