Hagag development kicks off new project with EUR 20 M investment

Real estate developer Hagag Development Europe adds new residential project to its local portfolio: H Primaverii 1. The investment value is estimated to over EUR 20 million.

Currently in design phase, H Primaverii 1 will rise above a 1,360 square metres plot of land and showcase, once completed, more than 4,000 square metres GBA of residential units and commercial spaces, to which over 2,000 square metres of underground construction, destined exclusively for parking, are added. The project will encompass 18 residential units and 700 square metres of commercial spaces available at the ground floor, all displayed over a height regime of 2UG + GF + 5F.

“We are excited to introduce to the local market a new, state-of-the-art, upper-premium residential project to be further constructed following the highest standards in real estate developments. The exclusive location, select surroundings and remarkable architecture, complemented by the area’s exceptional facilities secure all premises for H Primaverii 1 to quickly become an iconic residential landmark of Romania’s capital city.”, said Yitzhak Hagag, Co-founder and shareholder Hagag Development Europe.

Hagag Development Europe continues its expansion plans on the local market, remaining one of the most dynamic and prominent investors active on the luxury homes segment. The new project is set to become an iconic living standard, impressing the audience not only with its exceptional location, but also with its stunning exterior appearance and luxurious architectonic details. The proximity to Bordei and King Michael I parks comes as a plus, and the easy access to the city centre, combined with the nearby availability of all the premium facilities of the area have the capability to transform 1 Primaverii boulevard into the most sought-after address in Bucharest.