Vitalis Consulting has won 6 of the „Best Project Management Company of the Year” awards out of 11 nominations within CIJ Awards Romania

CIJ Awards 2019

CIJ Awards Gala, one of the most important and longest-running commercial property awards events in Romania, took place last evening, on 5th of December,at Radisson Blu Hotel in downtown Bucharest. After a successful year for the Romanian Construction and Real Estate market, the event has gathered together the most active market players from all sectors to celebrate projects, deliveries and companies that excelled in performance over the year that comes to end.

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2019: a successful year in terms of projects, collaborations and deliveries for Vitalis Consulting

In over 13 years of industry activity providing full construction consultancy services for various real estate sectors, Vitalis achieved a significant portfolio of over 500 construction projects already completed or currently under construction, for more than 300 local and international developers, investors and financial institutions.

This year’s achievements consist mainly in great collaborations concluded, some important deliveries and a significant number of new major projects that entered our portfolio from luxury brand hotels to modern office buildings, exclusive residential compounds and mixed-use projects.

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The evolution of construction costs over the past 5 years

Over the past 5 years the Romanian construction market had registered important growths both in residential and commercial developments, new projects being started or delivered for all sectors and new opportunities rising in Bucharest as well as in major regional cities.

Although the market is going well in terms of new developments, sectors like modern office buildings, hotels and retail developments being at a higher level than the past few years, an important issue is affecting the construction process and also the interest of developers for future projects: the continuous increase in construction costs.

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Vitalis team helping bring to life the fourth Radisson Blu Hotel in Romania

Being the second largest cities in Romania and one of our most developed regions from an economical point of view, Cluj-Napoca has reached in latest years a great popularity for both business and leisure tourists.

The interest of hospitality developers and investors in the regional capital of Transylvania has registered a significant growth, one of the most valuable projects in the area being the upgrade of Hotel Sport that will be opened under Radisson Blu upper upscale hotel brand, as it was recently announced.

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Office market evolution over the past 5 years in Bucharest and major regional cities

The Romanian office market has registered a large increase in modern office stock and deliveries over the past 5 years, both in Bucharest and major regional cities, such as: Cluj-Napoca, Timisoara, Iasi and Brasov and the year 2019 is expected to bring a new record in modern office stock supplies, especially in the capital city, but not only.

Due to the economical evolution of regional cities, the real estate developers are showing an increasingly large interest for investments in modern office buildings, over 565,000 sq. m of GLA of new offices being currently under construction and expected to be completed in 2019, all across Romania.

Bucharest is expected to reach the 3 million sq. m threshold in modern office supply in 2019

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GranVia Marina: A new residential concept developed in Constanta

GranVia Marina is a new residential project developed by Maritimo Residence in Constanta, Romania, under the coordination of Vitalis team.

The exclusive project enjoys excellent location in the north part of Constanta city, at no. 222 Aurel Vlaicu Boulevard, in the proximity of well-known Mamaia tourist resort, benefiting from great accessibility.

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Israelienii de la Hagag vor sa intre in cursa pentru cele mai scumpe apartamente din Bucuresti cu un proiect pe Calea Victoriei

Blocul este in prezent marcat cu bulina rosie, fiind incadrat in clasa intai de risc seismic.

Dezvoltatorul imobiliar Hagag Development Europe, parte a Hagag Group din Israel, a obtinut autorizatia de construire pentru proiectul residential H Victoriei 139 si a intrat in cursa pentru cele mai scumpe apartamente din Romania, vandute pana acum pe piata locala.

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