Crosspoint Real Estate, a service delivery partner of Savills in Romania, has been appointed exclusive agent for the sale of the units in H Pipera Lake residential project, developed by Hagag Development Europe.

The project is located on the shores of Pipera Lake and will include a total number of 1,350 apartments arranged in 17 buildings, developed in 3 construction phases. The first phase consists in the delivery of 5 buildings GF+6 floors+7R with planned handover starting end of 2019 for 390 apartments, with built areas ranging between 55 sqm and 97 sqm. The construction will commence shortly.

4 REFACUTThe complex stands out through its location, quality of construction and materials, and premium finishes that will be used in building the project. The apartments will display competitive prices, offering exclusive facilities as well. As a plus, the land comes with all utilities and infrastructure in place.

H Pipera Lake offers a wide variety of units, ranging from studios with prices starting from 57,900 Euro, 1-bedroom apartments with prices starting from 67,900 Euros and 2-bedroom apartments starting from 96,800 Euro, the maximum price being 110,150 Euro + VAT. The apartments are detached and come with generous terraces up to 29 sqm, storage and flexible partitioning, while the kitchens benefit from natural ventilation. The complex provides 1,600 parking spaces, as well as private gardens for the apartments situated at the ground floor. The alleys between the blocks are very wide, and in the vicinity of Pipera Lake there are uniquely designed relaxation areas, thus the architecture and functionality are in complete harmony with the trends and lifestyle of modern families.

Bogdan Iliescu CrosspointBogdan Iliescu, Associate Director Residential at Crosspoint Real Estate, declares: “We are delighted that Hagag Development Europe, an institutional developer with such an impressive track record in real estate development, has decided to make a partnership with Crosspoint for the sale of the project throughout all its delivery phases. The developer has in-depth knowledge of the real estate market in Romania with all its challenges, as well as of the profile and behavior of the Romanian consumer and the growing demand related to this segment. In this respect, he conceived a product that suits perfectly the corporate employees in the northern area, being located at a short distance from Pipera and Floreasca-Barbu Vacarescu office hubs, which have an active life and strive for quality, as little time as possible spent in transit, modern facilities, infrastructure, and all the services within the compound and the community that is being created in this project. ”

He adds: “New investments in large office, retail, residential and hotel projects, together with the public investment in a new hospital, bring new opportunities for the real estate market in the area. Given the growing housing demand, coupled with a positive economic development, the residential sector is improving its offer through the projects announced in the area, and H Pipera Lake is the best example in terms of quality upgrade of the real estate developments.“

Andreea Hamza HagagAndreea Hamza, Head of Marketing & Sales for Hagag Development Europe, declares: “After the announcement of the project on the market through international channels, we have already received great interest from private foreign investors, who are convinced of the potential of the project both as an investment and for personal use, given the fact that Hagag Group Israel has successfully delivered over 50 projects in Israel, at the undertaken deadlines and standards. For them, any project delivered by Hagag means the guarantee of placements and always being a step forward in terms of investment opportunities. We have made this partnership with Crosspoint as they have proven solid market and competition knowledge, they also have a relevant track record of transactions in northern Bucharest, and last but not least, a sales team that matches the image of our group and the level of quality of the projects that we deliver. ”

“The group will invest approximately €90 million in the H Pipera Lake project, while the total investment in Hagag Development Europe’s projects amounts to over €150 million. Among the ongoing projects, we mention H Victoriei 109 office project, centrally located on Calea Victoriei, the luxury residential project H Victoriei 139, which offers 33 high-class apartments in the heart of Bucharest and the exclusive H Eliade 9 Residence project, located in the prestigious Primăverii area”, Andreea Hamza concludes.

Bogdan Iliescu adds: “Crosspoint is one of the longest-living real estate companies in Romania with a solid portfolio of transactions and contacts among real estate developers, investors, owners, financiers and private clients. Crosspoint’s partnerships are always established on a long-term period, based on multiple trading cycles: our clients invest, sell, rent, and expand their investment portfolios with our support.”

“The residential department of Crosspoint covers the full spectrum of consultancy and brokerage services for the sale of apartments, houses or villas, both for developers and owners, as well as for buyers (private, institutional or investors in residential portfolios). Our main area of expertise is the quality segment, with a dominant presence in the North and Central areas of Bucharest and special trading results especially on the off-plan segment (buildings under construction)” Bogdan Iliescu concluded.

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