Alsin delivers first phase of First Estate Pipera and invests EUR 20 million in the second phase

Romanian real estate company Alsin Management completed the first phase of First Estate Pipera, the first residential project in Romania which offers free heating to all its residents. The company sold over 95 percent of the 232 apartments included in the first phase, the delivery of the units to their buyers being currently in progress.

The second phase of First Estates Pipera is under construction, following and investment of over EUR 20 million, the delivery being set for 2025‘s spring. Over 80 percent of the 232 studios, and one, two and thee-bedroom apartments comprising the second phase are already sold.

”Pipera – South area became an important residential development pole, with projects totalling thousands of apartments and houses. With over 400 apartments sold in less than two years, First Estates Pipera differentiated mainly through innovation and significant investments made in the implementation of technological systems that will offer buyers the lowest maintenance costs on the local market and also higher yields for those who want to rent the units,” said Andrei Sarbu, CEO SVN Romania, real estate consultant and exclusive agent of the project.

First Estate Pipera is the first residential complex from Romania that offers free heating for all its residents, following an investment of over EUR 3 million carried out for the development and use of an innovator system of geothermal heat pumps and photovoltaic panels. The last, which is placed on the roofs of the buildings, will produce the energy necessary for the full operation of the heating pumps and, depending on their use, will also provide a surplus of electricity which will be used by the resident’s association according to their decisions. Moreover, the developer will also implement in both projects a passive cooling system through the floor, which offers a higher degree of efficiency compared to the classic cooling system, estimates indicating an over 30 percent decrease in the cooling costs of the apartments.

The energy efficiency and the results of the two technological systems, that of the heat pumps and that of the photovoltaic panels, were certified following a specialised audit carried out by BuildGreen, one of the leading sustainability and ESG consultancy companies in Central and Eastern Europe specialized in sustainable development, carbon neutrality, decarbonization, audit and certification.