The compound, located in a very good area in Bucharest – Pantelimon district, started with construction in February 2018 and was finalized in March 2020. “We started the sales for City Life Residences in the spring of 2019 and we sold out the project with 60 apartments in November 2020.”, says Victoria Ardelean, Senior Account Manager, Crosspoint Real Estate, the broker that managed the project.
Crosspoint Real Estate successfully closed the sales for City Life Residences, a project developed by King Properties, a company part of the Levantes Park Lane Group. According to Victoria Ardelean, our broker for City Life Residences has gathered together a very nice community formed by medical stuff, from construction sector or freelancers. Also, the developer said: “We are very happy that we delivered City Life Residences to our clients! Together with Crosspoint Real Estate, our broker for the project, we did a very good job and we transformed City Life Residences from a project in paper, to a great community for the people living there and this is, actually, all that maters in the residential market! We are grateful to the sales team for their great effort and outcome, and hope to work together again with them soon!”– Dennis Fotakias, Managing Partner, King Properties – the developer of City Life Residences.
About Developer
The group of companies Levantes Park Lane, with over 7 years of experience in real estate, has developed over the years another 5 residential projects in different cities from Romania, with a total of 350 apartments.
About Crosspoint Real Estate
Founded in 2005, Crosspoint Real Estate offers both real estate trading and consulting services, as well as financial solutions needed by large investors, for all types of properties: offices, retail, industrial, land, hotels and residential. Crosspoint Real Estate is the international partner of Savills in Romania, one of the largest real estate companies worldwide, founded in 1855 – with revenues of over GBP 1.76 billion generated in 2018.
The company, a leader on the land segment, is a real estate consulting firm that offers premium services in the field of transactions, office and retail space rental for developers or tenants, valuation services, market research and feasibility studies, as well as services in the field residential properties, through exclusive mandates. In 2019, Crosspoint Real Estate had a turnover of 2.65 million euros.
