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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