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.
Date of Engagement:
May - July 2013
Countries of Operation:
Investment Advisory Services
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.
Courtyard Communuty Area
Communal Study / TV Rooms
Free Internet Access
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.