The developers of the Belvedere Residence project in the north of Bucharest have sold the commercial gallery in the mixed complex to a private investor, in the largest street retail space transaction in recent years. The shopping gallery has a leasable area of approximately 6,000 sqm, with 200 parking spaces. The transaction was brokered by real estate consulting firm Cushman & Wakefield Echinox.
Among the tenants of the commercial gallery are Mega Image, Natuzzi Italia, Bang & Olufsen, Husqvarna, Art Granit, Sweat Concept, Libra Bank, Loft Ceramics, Sophia, etc.
Belvedere Residence is built on Fabrica de Glucoză street and is the first large-scale residential project in the Barbu Văcărescu area, developed in four stages. In total, the residential area will have 1,500 apartments in 13 buildings. The first three phases of the project are completed, and the fourth phase is due to be delivered at the end of next year.
