Redport and Mobexpert have officially launched Infinity Nord, a 1,200-unit residential project near Petrom City. Auchan and World Class have leased 95% of the retail space in the first phase, which is set to break ground in the coming days.
Northern Bucharest has a new residential hub centered around the Petrom City office campus, in the Străuleşti–Dămăroaia area. Developer Redport, founded by Cosmin Savu-Cristescu, and Mobexpert, the furniture retailer founded by Dan Şucu, who is the majority shareholder in the project, have officially launched Infinity Nord, a three-phase development of approximately 1,200 homes, on a 4.6-hectare site purchased from OMV Petrom. It is the largest project in Redport’s portfolio, positioned in the affordable luxury segment and designed by the Italian architecture firm Design International.
REDPORT and DAN ȘUCU officially launch INFINITY NORD, one of the most significant urban developments in the New North of the capital
REDPORT and DAN ȘUCU have officially launched INFINITY NORD, a large-scale residential development that will help transform the Străulești and Dămăroaia area into a new urban hub for the capital, according to a press release.
Located on a site of over 4.6 hectares, adjacent to the Petrom City area, INFINITY NORD is the largest project in REDPORT’s portfolio and one of the most significant residential developments currently underway in Bucharest.
INFINITY NORD will include approximately 1,200 residential units developed in three successive phases, along with an extensive array of retail, service, wellness, and community spaces. The project was designed as a mixed-use development, where residents will have quick access to the services and amenities needed for daily life.
Dan Șucu is joining a project involving 1,200 housing units in Bucharest. The project includes semi-furnished apartments, retail space, and wellness facilities in the Străulești-Dămăroaia area.
Businessman Dan Șucu, the founder of Mobexpert, is the majority shareholder in a real estate project comprising approximately 1,200 homes, which will be developed in the Străulești-Dămăroaia area of Bucharest, in partnership with the developer REDPORT.
The project, called Infinity Nord, will be built on a site of over 4.6 hectares, adjacent to the Petrom City area. The residential units will be developed in three phases, and the complex will also include retail space, services, wellness facilities, and community areas.
Infinity Nord is the largest project in REDPORT's portfolio, according to the company.
REDPORT and DAN ȘUCU officially launch INFINITY NORD, one of the most significant urban developments in the New North of the capital
REDPORT and DAN ȘUCU have officially launched INFINITY NORD, a large-scale residential development that will help transform the Străulești and Dămăroaia area into a new urban hub for the capital. The launch event took place at UNDA in Bucharest, attended by approximately 250 people, including business leaders, banking representatives, architects, designers, partners, investors, and members of the press.
Bucharest needs new housing. However, the problem isn’t just the number of units
A housing stock built largely in the second half of the last century, energy and comfort standards that have changed radically, and a new supply that is not growing fast enough across all segments are once again bringing the housing crisis in Bucharest into sharp focus. Against this backdrop, REDPORT and Dan Șucu have launched INFINITY NORD, a project comprising approximately 1,200 homes in the Străulești–Dămăroaia area. Casa Magazin spoke exclusively with the founder of the Romanian real estate development group, Cosmin Savu-Cristescu, about the project, the residential market, and the capital’s need for new housing.
Dan Șucu is embarking on a large-scale residential project: 1,200 homes on 4.6 hectares in Străulești
REDPORT and Dan Șucu have officially launched INFINITY NORD, a large-scale residential project located in the Străulești-Dămăroaia area, adjacent to Petrom City. The development will include approximately 1,200 homes built in three phases on a site of over 4.6 hectares, along with retail, service, wellness, and community facilities.
Infinity Nord, a new residential project in the capital
Redport and businessman Dan Şucu launched yesterday, in the presence of 250 people, businesspeople, banking representatives, architects, designers, partners, investors, and members of the press, a new residential project to be developed in the northern part of the capital.
Infinity Nord is set to contribute to the transformation of the Străuleşti and Dămăroaia area into a new urban hub. Located on a site spanning over 4.6 hectares, adjacent to the Petrom City area, Infinity Nord will be the largest project in Redport’s portfolio and one of the most significant residential investments currently under development in Bucharest.
Străulești Could Become the New North of Bucharest
Real estate developer Redport took nearly three years to obtain the urban planning documentation and the first building permit for the 46-hectare project in the Străulești-Dămăroaia area, following the acquisition of the land from OMV Petrom in 2022. The first phase of the development is scheduled to begin in 2026. Redport and Dan Șucu officially launched…
Bogdan Gubandru, COO, Redport: “Our goal for 2036 is to become an investment platform for institutional investors—including pension funds and family offices—as well as retail investors, and to reach a market capitalization of over 1 billion euros.”
Redport’s goal for 2036 is to become an investment platform for institutional investors, pension funds, and family offices, as well as retail investors, and to reach a market capitalization of over 1 billion euros, said Bogdan Gubandru, COO, Redport, at the ZF Office & Residential Summit 2026 conference
The capital city, undergoing urban transformation—a project supported by Redport. Bogdan Gubandru, COO: A 7% return on a solid project can be more valuable than a 9% return on an uncertain project.
The residential market in Bucharest has entered a phase in which the buyer-investor is no longer the same as he was a few years ago. Whereas in the past, decisions were based on two factors—the purchase price and an estimated rent upon project completion—today the equation includes net yield, management costs, vacancy risk, tenant profile, resale liquidity, and the area’s development. It is a shift that Redport—a developer with a development portfolio worth over 450 million euros—sees firsthand in its discussions with clients.
“Ready-to-move-in homes are becoming the new benchmark in the residential market”
Redport and Mobexpert are launching REDPORT Living, a residential concept that offers buyers integrated furnishing and interior design solutions tailored to each project in Redport’s portfolio.
ZF Real Estate by Storia. REDPORT is focusing on homes that are nearly ready for occupancy and is preparing a new €100 million project in the northern part of the capital
♦ Residential developer REDPORT, in partnership with Mobexpert, will deliver over 350 apartments that are nearly move-in ready, with fully furnished and equipped kitchens included in the price ♦ The company is preparing to announce a new project worth approximately 100 million euros in northern Bucharest ♦ The developer has nearly 1,000 authorized units across its existing projects and estimates that the semi-furnished housing model will become the new standard in the residential market ♦ The first apartments in the Vitality Est project, where studio apartments start at 96,000 euros plus VAT, will be delivered in March 2027.
The capital city, undergoing urban transformation—a project supported by REDPORT. Bogdan Gubandru, COO: “Rent and interest can offer similar returns as a percentage of the amount invested, but at maturity, the differences can be significant. The value of an apartment can appreciate, whereas money invested in securities does not appreciate.”
♦ A two-bedroom apartment in The Level Apartments II rents for about 750 euros per month, offering a gross yield of 5.6–6.9%, comparable to the 6.25–7.25% interest rates on Tezaur bonds ♦ The difference lies in appreciation: two-bedroom apartments in The Level Apartments III have appreciated by 18.5–23% compared to their initial average sale price ♦ Relative to the down payment, the return on equity can exceed 100% by the time the project is completed ♦ With inflation at 10.9% in May, the real return on fixed-rate interest is currently negative.
REDPORT and Mobexpert are launching REDPORT Living, a concept under which apartments are delivered with a fully equipped and furnished “made in Romania” kitchen, included in the price
Real estate developer REDPORT and furniture retailer Mobexpert have launched REDPORT Living, a program through which homebuyers in REDPORT projects receive integrated furniture and interior design solutions tailored to each development—ranging from fully equipped kitchens to walk-in closets included in the sale price.
How the VAT increase on new homes has changed the real estate market. “People are paying closer attention to the quality of the project and the developer’s reputation.”
The increase in the VAT rate for new homes from 9% to 21% has significantly altered the real estate market in Romania, at a time when the residential sector was already being affected by inflation, high interest rates, and high construction costs. Experts consulted by “Adevărul” say that the tax measure has led to a slowdown in transactions and a shift in buyer behavior, as buyers are analyzing their purchases more carefully and placing increasing emphasis on the quality of projects, the reliability of developers, and the long-term value of their investments.
The capital, in urban transformation, a project supported by REDPORT. Mix of residential with retail, leisure and hospitality yields above market average
Redport has reached a portfolio with a Gross Development Value (GDV) of over €450 million and is betting on the combination of residential, retail, leisure and hospitality to deliver above average returns.
The largest project in the pipeline, Infinity Nord, developed on over 60,000 sqm in the Dămăroaia-Străulești area, has already signed pre-leases with Auchan and World Class, while the company is preparing the way for its 2028 IPO.
Bogdan Gubandru, COO, Redport: We set out with the idea of becoming an urban innovator. The Dămăroaia area was the first point of interest for us
Bogdan Gubandru, COO of Redport, says that in the Dămăroaia area he identified the need to intervene on a large scale, which has all the conditions to develop infrastructure, large green areas, lakes, schools. and the choice came naturally.
Redport Capital and Mobexpert finalize the acquisition of 44,000 square meters of land in the Petrom City area, in a transaction worth approximately €13 million.
"We have finalized one of the most important transactions with land located in the northern part of the capital, the acquired lot giving us the opportunity to develop a flagship project of the entire Străulești area - which will become one of the main development poles of Bucharest", says Cosmin Savu-Cristescu, managing director and majority shareholder of Redport Group.
Dan Șucu invests with Redport Capital in a 150 million euro real estate development
Redport Capital and Mobexpert group have finalized the concept phase for the Infinity Nord project, a residential destination located in the Străulești area. It will be one of the largest urban regeneration projects in Bucharest, with a total investment estimated at €150 million.
Oriol Casellas Deig, former CEO of Meta Estate Trust, joins Redport Capital
Redport Capital Group, founded in 2016 by Cosmin Savu-Cristescu and specialized in construction, investment, development and real estate project management, announces the appointment of Oriol Casellas as Chief Financial Officer.
What is the New North of Bucharest? The Străulești – Dămăroaia area is booming
In a city that is looking for solutions to develop as harmoniously as possible, former industrial areas or areas left in disrepair are being reconverted and developed through projects that take care of both the local architecture and the sustainability for the future of the new communities.
We spoke to Cosmin Savu-Cristescu, CEO and founder of Redport to find out what is the New North of Bucharest and why this area has not been exploited until now.
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