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.
Real estate developer Redport launches new phase of The Level Apartments project in Bucharest
Redport announces the launch of Phase IV of The Level Apartments residential project, a milestone that marks the completion of the development built in four phases in the Străulești – Petrom City area, one of the most dynamic residential zones in northern Bucharest.
Redport Capital announces the realization of 40% pre-sales of Phase III of The Level Apartments project in Străulești area
he Level Apartments has reached 40% of pre-contracts signed out of the total number of apartments in Phase III, even before the start of construction, according to the press release.
Lessons for 2024 – Cosmin Savu-Cristescu, Managing Director of Redport Capital: “The Level has successfully completed the second phase of the project and is preparing the start of the third phase”
Forbes Romania has invited the most important local business leaders to talk about the lessons learned / learned in 2023 and the challenges of 2024 in the editorial project #lecțiipentru2024.
Cosmin Savu-Cristescu, Managing Director of Redport Capital
Forecast 2024. Cosmin Savu-Cristescu, REDPORT CAPITAL
We are well connected to the trends and changes that have affected the real estate industry and have responded with specific solutions to keep ongoing projects within optimal development parameters. This adaptability has been essential in meeting the varying requirements of each project.
Redport Capital announces a turnover of over 100 million Lei in 2023
The Redport Capital Group, founded in 2016 by Cosmin Savu-Cristescu, announces a turnover of over 100 million Lei for 2023, according to a Redport Capital press release. In recent years, the company has secured a land portfolio of over 6 hectares in the Petrom City - Străulești - Dămăroaia area, where in the projects The Level Apartments and Infinity Nord it will develop over 2000 apartments and 15000 sq m of commercial space, according to the source. The total sale value (GDV) is over 350 million euro, the source added.
CEO Hobby. Cosmin Savu-Cristescu, managing partner, Redport Capital: “Golf is about ethics and integrity, manners and decorum, principles that apply equally well in the business environment”
After a career of over 15 years as a business lawyer, specialized in real estate and construction, project development and financing, mergers & acquisitions, Cosmin Savu-Cristescu took the step towards entrepreneurship and created Redport Capital, a company active in real estate development. A graduate of the Faculty of Law of the University of Bucharest (2001), he holds a law degree from the University of Paris I Pantheon-Sorbonne Paris (2000) and a Master in Legal Studies from the Franco-Romanian Institute of Business Law in Bucharest (2003). He was admitted to the Bucharest Bar in 2006.
What stage is the over €150m real estate project at? euro developed by Dan Șucu and Savu-Cristescu
The company Redport Capital, founded by Cosmin Savu-Cristescu, is developing, in partnership with Mobexpert, Dan Șucu's company, a real estate project in the north of the capital, on a land acquired from Petrom, and construction works should start this year.
The majority shareholder of Redport Capital, says that they have fulfilled all their obligations to receive the necessary authorizations to start construction of the first phase of the Infinity Nord project, but now they are waiting for the approvals.
Oriol Casellas Deig, former CEO of Meta Estate Trust, joins Redport Capital
The 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. Oriol Casellas Deig resigned in September 2023 from the position of Deputy CEO of Meta Estate Trust, a real estate company listed on the Bucharest Stock Exchange, amid a conflict that arose in the company's management team, which resulted in several changes in the last period, according to information announced by Profit.ro.
Redport Capital starts the construction of Phase III of The Level Apartments project, an investment of 13 million euro
Redport Capital, one of the most active local residential developers, active in the North of Bucharest and investing in the Dămăroaia - Străulești area, has started the works on the third phase of The Level Apartments project, following the construction authorization. It will include 105 apartments to be realized with an investment of 13 million euro.
ZF Invest in Romania! Bogdan Gubandru, COO, Redport: We want to enter the general contracting market, we will be able to build for us and for other developers as well
Redport, one of the most active players in the real estate industry, wants to invest in Redport Contractor - the group's general contracting (GC) company - in order to manage all stages of a real estate project in-house.
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.
Redport announces more than €40 million in transactions in the first ten months and a new round of new equity financing
The real estate developer Redport realized in the first 10 months of 2024 pre-sales of homes and pre-leases totaling more than RON 200 million (about EUR 40 million), almost double the performance for the full year 2023.
ZF Real Estate by Storia. Bogdan Gubandru, chief operations officer, Redport: “In 2024, we have doubled our sales compared to last year, reaching €40m.” Bureaucratic bottlenecks, especially in obtaining permits, are still a major challenge for the real estate market
Redport managed to double its sales in 2024 to €40 million. The company has ambitious plans, including a 500-unit project in the east of the capital and mixed-use developments on large plots in Bucharest and secondary cities.
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