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

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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:

  • Café

  • Fitness Centre

  • Courtyard Communuty Area

  • Communal Study / TV Rooms

  • Landry

  • Games Space

  • Storage

 

Benefits

  • Central Location

  • Free Internet Access

  • 24/7 Security

  • Contemporary Design

  • Cashless Environment

  • Student Services Support

  • 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. 

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