Bucharest, August 6, 2025 – Crosspoint Real Estate, the International Associate of Savills in Romania and the exclusive advisor for NEPI Rockcastle in the sales process, announces the complete sale of all 254 apartments in Vulcan Residence. This marks the full commercialization of the group’s first residential development, located in Bucharest’s 13 Septembrie area, near Vulcan Value Center.
“Vulcan Residence has been fully sold, marking a remarkable success given the challenging economic and social context of recent years,” said Oana Popescu, Partner and Head of Residential at Crosspoint Real Estate, a company celebrating two decades of activity in 2025. “The project’s strong performance, despite a period shaped by the pandemic, regional geopolitical conflicts and significant tax changes, including adjustments to VAT on housing, was made possible by NEPI Rockcastle’s innovative approach and exceptional project quality, as well as the professionalism, expertise, and consistent involvement of the Crosspoint team”, added Oana Popescu.
Vulcan Residence’s community consists of 95% end-users who purchased apartments for personal use, while the remaining 5% acquired units as investments. The average buyer is 35 years old and includes corporate professionals, doctors, lawyers, business owners and students, with a notable proportion being young families with children.
“Vulcan Residence, our first residential project, represents a milestone for NEPI Rockcastle. We are pleased to have delivered a development that was completed on time and 100% sold, meeting the highest sustainability standards. Its strategic location, offering quick access to transport infrastructure, services, and urban amenities, reflects our commitment to building well-integrated, sustainable communities. We thank our partners at Crosspoint, whose pivotal role in the sales process was rooted in their quick grasp of what makes us different and their ability to turn that advantage into a flawless sales strategy. This success boosts our confidence as we move forward with future residential developments in Bucharest, Brașov and Craiova, near our commercial centers”, said Iulian Rusu, Head of Residential at NEPI Rockcastle.
Among the project’s features that served as strong points in the purchase decision are the facts that Vulcan Residence is built according to nZEB standards, is officially classified as a nearly zero-energy building, and that 30% of the energy consumed comes from renewable sources. In the context of significant increases in energy prices, operating costs are reduced by at least 50% compared to a similar home that does not meet nZEB standards.
Other advantages of the project include the diverse mix of apartments – from studios and 2-, 3-, or 4-room units to duplexes and penthouses, the efficient thermal insulation of the building envelope, fresh air recovery through controlled mechanical ventilation, modern circulation and heating systems, individual metering for accurate consumption monitoring, high-performance Schindler elevators, bicycle storage spaces, a playground and green areas.
Developed following a total investment of approximately 25 million euros, the residential complex offers quick access to local amenities, including the group’s Vulcan Value Center, Unirii Square, educational institutions and parks, as well as an excellent public transportation network. Vulcan Residence is part of NEPI Rockcastle’s strategy to develop residential projects that set new standards in the field and provide a comfortable lifestyle with access to a wide range of services and amenities.
About NEPI Rockcastle
NEPI Rockcastle is the third-largest publicly listed retail real estate owner in Europe by portfolio value and the largest owner, developer, and operator of shopping centers in Central and Eastern Europe. Its portfolio, worth nearly €8 billion, comprises 60 properties across eight countries in the region. The company is a market leader in Romania and Poland (its two largest markets) and also operates shopping centers in Bulgaria, Hungary, Slovakia, Croatia, the Czech Republic and Lithuania.
NEPI Rockcastle benefits from two key strategic advantages: its unique portfolio of retail spaces built over the past 15 years in Central and Eastern Europe, and its team of over 650 specialists with unique industry know-how.
For more information, visit www.nepirockcastle.com.
About NEPI Rockcastle Residential Division
NEPI Rockcastle Residential is the division responsible for developing and managing NEPI Rockcastle’s residential segment in Romania. The business line aims to develop residential communities near the shopping centers in the group’s portfolio, meeting the needs of communities to benefit from mixed-use projects built to the highest standards of quality of life, while also providing accessibility and sustainability.