Bucharest, February 19th, 2019: Real estate developer HAGAG Development Europe, part of the HAGAG Group Israel, obtained building permit for H Victoriei 139. The budget allocated for the consolidation and modernization of the building is MLN. 10 EUR and the construction works are scheduled to begin in the next two months. Completion is estimated in Q4 2020.
Located in an ultra-central area, on one of Bucharest’s main boulevards, H Victoriei 139 is an unique luxury residential project that will embody the elegance and charm of the „Little Paris” within the 21st century architectural trends. With a total GBA of 3,200 sqm, the building will deliver 33 units consisting of 2, 3 and 4 rooms displayed on height of UGF + 6F + 7/8R.
“Although it is not the first and will certainly not be the last, H Victoriei 139 is, for us, a challenge. The renovation and fortification of an old building often involves a much more difficult path to follow than the development of a new, zero-stage project. Nevertheless, we are talking about a construction that is part of the tangible past of a community, and H Victoriei 139 is conceived and designed in such a way as to preserve the cultural identity reflecting from one of the most fascinating epochs that Bucharest has witnessed. The facade of the edifice will preserve its original architecture, and the resistance structure of the building will be fully reinforced, thus eliminating all existing vulnerabilities. The building will display an impressive lobby and commercial spaces with street-view orientation, designed by our partners from the architecture office Răzvan Bârsan & Partners”, declared Yitzhak Hagag, Chairman and board controller Hagag Group.
H Victoriei 139 is the expression of the highest standards in terms of design and elegance: spacious rooms with high ceilings and large windows, private terrace and high-end finishes, adjoined by a dedicated concierge, video intercom system providing the building’s surveillance and acces by proximity card or code. Common and external areas will be equipped with LED lighting systems, marble floors, secured storage areas and private terraces. The elitist location allows easy access to important historical landmarks, exclusive shopping venues, 5 starts hotels, fine dining restaurants and state institutions.
About Hagag Development Europe
HAGAG Development Europe is a real estate developer specialized in residential and commercial projects in Romania. The company is involved in the acquisition, development and renovation of several buildings and projects involving more than 150 million euros invested in Bucharest’s top development areas.
About Hagag Group
Established in 2003, Hagag Group acts as an international investor specialized in the development, management and marketing of real estate projects. The company is responsible for the implementation and development of a considerable number of unique projects located in the most attractive locations of Israel.
Over the years Hagag Group has received various awards and distinctions, being chosen as one of the top four real estate companies, counting over 50 successful projects in the metropolitan area of Tel Aviv, with thousands of luxury residential units sold.
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