NEPI Rockcastle completes Vulcan Residence project in Bucharest

NEPI Residential, the residential division of NEPI Rockcastle, announces the completion of Vulcan Residence, its first residential project. Located in Bucharest’s 13 Septembrie area, the project has already been 80 percent sold.

Vulcan Residence offers 254 apartments, including studios and 2-, 3- and 4-bedroom units, duplexes and penthouses, distributed in two adjacent buildings. The complex offers underground and outdoor parking spaces equipped with electric vehicle charging stations, green spaces, playground and commercial spaces on the ground floor.

“We are delighted to see that Vulcan Residence, a project that incorporates the highest standards of sustainability and comfort, has been so well received in the market. This success underlines our vision to create living spaces that meet the modern needs of residents while offering environmentally friendly solutions. Begun in November 2022, work on Vulcan Residence has culminated in an energy-efficient building that meets nZEB (Nearly Zero Energy Building) standards, integrating 30 percent renewable sources. This firm commitment to sustainability reflects our vision for a green and responsible future. Vulcan Residence is characterized by its high quality of housing, offering a variety of apartments that meet the diverse needs of its residents in a strategic location with quick access to services and amenities. The completion of this project highlights the dedication of our team and confirms the strong demand for high quality, sustainable housing. Vulcan Residence is not just a residential development but represents our vision of providing a premium lifestyle in harmony with the environment,” said Iulian Rusu, Head of Residential at NEPI Rockcastle.

Crosspoint Real Estate, international associate of Savills in Romania, has exclusively assisted NEPI Rockcastle in the sale process of Vulcan Residence. 

“The Vulcan Residence project has now reached maturity. At this point in time, we are talking about a finished product, a residential development that has added value to the area. We have come through a pandemic, a war on our borders, a difficult economic climate marked by inflation, changes in the VAT rate and increased bank interest rates. Vulcan Residence has proven to be such a balanced and well-positioned project that all these challenges have not slowed sales, which have now reached less than 20 percent availability. The nZEB standards provide residents with a high level of comfort, along with the playgrounds, spacious terraces, and quality finishes, reflecting the developer’s commitment to innovation and sustainability,” says Oana Popescu, Head of Residential, Crosspoint Real Estate.