Romania: Developer SDC Imobiliare, along with overseas investment funds, have launched what they claim to be the biggest real estate project in Romania, a €700 million mixed-use project named Transilvania Smart City.
The project is located in Cluj-Napoca and will include 10,000 apartments, a mall, schools, supermarkets, a hotel and an aparthotel, office space, parks, and conference rooms.
Work on the development is set to start in January next year.
The project’s first stage will be developed on three hectares and will include 800 apartments, an aparthotel, nursery, shops, cafes, restaurants, a gym, a bank, a Lidl store, and a park. The construction work for this first stage is expected to be completed in 18 to 24 months. The mall, which will be developed in a later stage, will have an area of 100,000 square metres.
The developers plan high-tech facilities for their project, such as home delivery by drones and access to the airport, which is about one kilometre away, by cable car. Electric buses will serve the area, drivers will find free parking spaces directly on their smartphones, and sensors will identify pollution and noise levels.
The neighbourhood will have a heliport and charging stations for electric cars. The project also includes two artificial lakes, an outdoor amphitheatre, spa, and indoor and outdoor pools.
The entire project will be built on a plot of 35 hectares on a hill close to Iulius Mall, one of the main shopping destinations in Cluj-Napoca.
Stefan Berciu, founder of SDC Imobiliare, has built around 15,000 apartments and several commercial spaces, halls, and offices in Cluj-Napoca over the last 15 years.
