Sunday, 1 February 2026
Cloud9, part of the real estate division of Alfa Group, announces the completion of the structural works for the three buildings included in the first phase of the Cloud9 Evolution project, which is already over 50% sold. Construction activities are currently focused on the installation of ventilated façades, electrical and mechanical systems, as well as on interior finishing works.
Last year, the developer completed more than 88,000 square meters in the first phase of Cloud9 Evolution and commenced works on the second phase, maintaining an execution pace aligned with the initial planning and the assumed delivery timelines.
The two phases of the project total approximately EUR 170 million in investment and will deliver over 1,140 apartments, more than 1,200 parking spaces, one hectare of green areas, and a complete range of amenities dedicated to modern urban living.
A strategic component of the project is the EUR 3 million investment in a private educational unit, scheduled to open this year. Its integration reinforces the project’s alignment with the “15-minute city” model, a concept gaining relevance in Bucharest amid growing pressure on urban mobility.
Radu Grigorescu, CCO of Cloud9, adds: “2025 was the year when the premium residential market recalibrated around new criteria: energy efficiency, proximity, community, and predictability. The Unlock study confirms what we also observe in sales dynamics: buyers are no longer looking just for an apartment, but for a place to live well, in a coherent and sustainable environment. In this context, the financial model implemented across Cloud9 projects continued to generate trust during a period marked by economic uncertainty. The low minimum down payment, the financing structure based on a balanced mix of equity and bank financing, and the use of escrow accounts for buyers’ payments have allowed project development to proceed independently of the pre-sales pace, offering a high level of investment protection for clients.”
“2026 is the moment when we consolidate everything we have built over the past few years. The market is changing, and buyers are far more attentive to quality, execution pace, and long-term value. Cloud9 Evolution is a solid project, responsibly financed and focused on amenities that truly make a difference in everyday life. The completion of the first phase and the opening of the school in 2026 will confirm the direction we have committed to: developing complete urban communities, where living is not just a product, but a predictable and sustainable life experience,” adds Răzvan Brasla, CEO of Cloud9.
