Herastrau Student Housing Property Development Bucharest
On behalf of an international developer, Navigator implemented a due diligence and investment promotion to develop a 494-unit, 14,180 m2 housing development in Bucharest, Romania. The Herastrau project will develop the first large-scale, purpose‐built student housing complex in central Bucharest, housing 506 students in 484 units.
The Herastrau project will develop the first large-scale, purpose‐built student housing complex in central Bucharest, housing 506 students in 484 units.
The project is located in the Romexport area 500 m from the Mai 1 metro station. The University of Agricultural Sciences and the Veterinary Medicine and the the Romano-Americana University are located 200 m away. The Piata Romana and Piata Universitatii universities are 5 and 6 stops away on the Mai 1st line.
Client:
Client Confidential
Date of Engagement:
May - July 2013
Countries of Operation:
Romania
Business Function:
Investment Advisory Services
Business Sector:
Real Estate
Attachments
Herastrau_Bucharest_Property.pdf
The Herastrau project is part of a larger mixed-use development by an international property group. The project will offer affordable luxury, catering and other services, and comprises a unique housing offer in a rapidly-developing area.
The project comprises 484 units in 12 above-ground floors, with the majority of units comprising high-spec studios with en-suite bathrooms.
The ground floor includes 460 m2 of retail space. An underground car park with 96 spaces will be available underground.
Facilities:
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Café
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Fitness Centre
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Courtyard Communuty Area
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Communal Study / TV Rooms
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Landry
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Games Space
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Storage
Benefits
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Central Location
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Free Internet Access
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24/7 Security
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Contemporary Design
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Cashless Environment
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Student Services Support
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Onsite Maintenance Staff
Our work included:
1. Detailed verification of construction plans and costing;
2. Assessment of project financial model and equity returns;
3. Communication with potential project investors.
