Prime Kapital announces its first Romanian residential project, Avalon Estate

Newsroom 07/06/2018 | 14:06

Regional real estate developer and investor Prime Kapital announces its first residential project, Avalon Estate, offering approximately 800 residential units within a gated-community concept.

Located in the Northern area of Bucharest and in proximity to Pipera and Barbu Vacarescu office areas, Avalon Estate spans over 8.1 hectares and features more than 2 hectares of centralized green spaces for the exclusive use of residents.

The large-scale residential complex, estimated to be completed in 2024, will include a Club house and lake access, 1.3 ha of park with play areas for children, 24-7 security and car-free alleys ensuring safety of the community within a well-designed urban concept.

The last phase of the project will include integrated and intimate commercial areas, focused on proving complimentary services to the residents, as well as a private kindergarten.

“The project offers many valuable benefits – privacy, security, low density and low traffic volumes (car free concept). It also features an opportunity to establish new roots in private village-type setting that offers a mix of housing types that minimize repetitive form from a design point of view,” stated Maggie Kitshoff, Prime Kapital’s Residential Projects director.