Alfa Group invests EUR 90 million in the second phase of the Cloud9 residential project

Alfa Group, controlled by the entrepreneur Alin Niculae, launches phase 2 of the residential project Cloud9 Residence, in the Pipera area, for which the investment is estimated at EUR 90 million euros.

Developed on an area of 3.2 hectares, Cloud9 Evolution is expected to be completed in the fourth quarter of 2026. At the end of the project, the project will have a total number of 612 apartments, over 700 parking spaces, pedestrian walkways, green areas, playground, common spaces and infrastructure, along with a kindergarten and a school, as well as a shopping center.

“After the success of the first Cloud9 project completed in 2020, with a community of 800 satisfied families, we thought of Cloud9 Evolution as an innovative project that took into account current requirements and trends. The residential market has started to mature in recent years, and the people of Bucharest are educated, informed consumers and know what they want from a home,” said Răzvan Brasla, CEO of Cloud9 Residence.