Romanian companies Redport Capital and Mobexpert Group will invest EUR 150 million in one of the biggest urban regeneration projects in Bucharest. The concept design for the residential project, called Infinity Nord, was created by the London-based architecture house Design International, which has over 60 years of experience and extensive projects around the world.

The design and architecture were inspired by the symbol of infinity, a concept explored throughout his life by the Romanian sculptor Constantin Brâncuși, embodying the endless nature of time and space. This creative vision has been translated into a large-scale project, made to international standards.

Located in the North of the capital, in the Străulești area, the Infinity Nord project covers an area of ​​44,000 sqm, with a total buildable area of ​​125,000 sqm. The four phases of the project will comprise a total of 1,250 apartments, retail spaces, medical and educational facilities, as well as 1,500 parking spaces.  

“Even since the beginning, we trusted the reconversion potential of the area and we replicated all its qualities in a mature, sustainable and far-reaching residential project, able to respond to the current and future generations of inhabitants. We are convinced that, through our vision and long-term development strategy, Infinity Nord will be a premium area to live in, but more than that, a destination for the all the North of the Capital,” stated Dan Șucu, founder and shareholder of the Mobexpert Group.

The developers planned to start the construction in the fall of this year, with the entire complex to be delivered in four phases, with a completion date of 2030.

“We have chosen to collaborate with a respectable team of architects with extensive experience in international real estate projects. Design International worked for more than a year on the development of the masterplan and concept design and helped us define our perspective and understand the international standards regarding the developments of residential spaces that we would then express within the Infinity Nord project,” stated Cosmin Savu-Cristescu, managing director and majority shareholder of the Redport Group.

The Redport Group, founded in 2016 by Cosmin Savu-Cristescu, is a group of companies specialized in construction, investment, development and management of real estate projects. The company has so far completed The Level Apartments I and The Level Apartments II projects, totaling 175 apartments following investments of EUR 16 million.

The Mobexpert Group was founded in 1993 and it is a vertically integrated company, which starts with the design and planning of furniture, goes through manufacturing and retail, up to the final customer’s space. The group recently started to invest massively in real estate developments on the middle-upper level of the market through its division Mobexpert Homes.

editor@romania-insider.com

(Photo source: the company)