Thursday, 6 November 2025
Real estate developer Cordia, owned by entrepreneurs Péter and Gábor Futó, has signed a promise to purchase a plot of land located in the American School area of Pipera, on which it will build the company’s largest project in Romania to date. The over 6-hectare plot will allow for the development of a multi-stage project with approximately 900 residential units.
Local Cordia representatives have repeatedly indicated that they have over 2,000 apartments in design in Bucharest, but they have been unable to obtain building permits. The Pipera project is the first step taken outside Bucharest. However, Cordia also signed a sale-purchase contract in July of this year for a buildable plot of land located in Bucharest. At the moment, the Hungarian developer has 1,487 apartments in preparation and, in the process of acquiring, land for another 1,178 apartments.
“We have started preparing two new projects in Bucharest, one of which is planned to be launched in the second half of the year,” announced Tibor Földi, chairman of the board of directors of Cordia.
Source: Profit.ro
