Redport Capital announces over 100 milion Lei turnover in 2023

Redport Group, founded in 2016 by Cosmin Savu-Cristescu, announces a turnover of over 100 million Lei for the year 2023. Over the past few years, the company has secured a land portfolio of over 6 hectares in the Petrom City – Străulești – Dămăroaia area. Within the projects The Level Apartments and Infinity Nord, Redport Capital will develop over 2000 apartments and 15000 square meters of commercial spaces. The total sales value (GDV) exceeds 350 million Euros.

During 2023, Redport Capital fully delivered and sold Phase II of The Level Apartments project and traded over 200 units across all the group’s projects, thereby contributing to a consolidated turnover of over 100 million Lei.

The reported results can be creditted to a balanced and efficient mix between a quality product at a fair price and the strategic choice of the Străulești area, which is already emerging as the New North of Bucharest and one of the main hubs for sustainable development in the capital, providing an innovative and modern environment for future home owners.

The Redport Group reaffirms its ongoing commitment to innovation, highlighting a year full of progress and transformation. In 2023, the group reinforced its team with elite professionals, bringing significant skills and expertise in various fields. Additionally, the company has started an exhaustive process of digitalization, marking a crucial step towards efficiency and adaptation to the demands of the modern market.

Another initiative on the evolution of the company’s journey is the expansion of its investment portfolio and having over 200 million Euros which will be allocated to the development of residential projects. This ensures their position among the most important players in the real estate market in Romania.

“We are pleased to announce the achievement of our financial objectives for 2023, showcasing our commitment to quality and excellence in all aspects of our business. The Level Apartments project has been a remarkable success, marking a significant milestone in the evolution of Redport Capital, and the launch of Infinity Nord will be both a natural extension of our portfolio and a testimony to our long-term vision for sustainable urban development.”

Currently, we are thrilled to see an impressive waiting list and reservations from interested clients, whether they are end-users looking for a new home or investors attracted by the growth potential of the area where we operate. This consistent demand underlines our ability to identify and exceed customer expectations, further strengthening Redport Capital’s reputation as a leader in the real estate development field,” stated Cosmin Savu-Cristescu, Managing Director of Redport Capital.

In December 2023, Phase III of The Level Apartments surpassed the milestone of 70 pre-sold apartments, totaling a value exceeding 10 million Euros.

The first two phases of The Level project have been completed and fully sold to owners, comprising 175 apartments along with parking spaces and commercial areas, with a sales value over 25 million Euros. Phases III and IV are scheduled to be delivered by the end of 2025 and 2026, and will include 350 units, with an estimated sales value of over 60 million Euros.

The Level Apartments is designed as a sustainable long-term project, where green materials and environmentally friendly technologies have been prioritized in the construction process. Energy efficiency is an essential element in building a modern residential complex, and as a novelty compared to the first two phases, the third phase is equipped with photovoltaic and solar panels. These not only reduce monthly costs for residents but also contribute to the conservation of natural resources and overall improvement in quality of life. Additionally, to provide a healthier environment for residents, special attention has been given to green spaces in the third phase of the project, with one-third of the complex’s area consisting of generous ground-level gardens.

This year, Redport Capital will also start construction for the first phase of the Infinity Nord project, one of the largest urban regeneration projects in Bucharest, set to become a true landmark for the Northern area of Bucharest. The entire complex, estimated to be completed by 2030, will includes a total of 1,250 apartments, 1,500 parking spaces, and various amenities as commercial spaces, medical services, and educational facilities.