Belgian Group IDS acquires 4,000 sqm plot in Floreasca from Victoria Ventures

Belgian group International Development Solutions (IDS), which is developing a 900-apartment complex in Pipera, has bought a plot of land on Calea Floreasca, Bucharest, on which an office project is authorized, according to sources in the real estate market. The plot of almost 4,000 sqm was purchased from Victoria Ventures, a company owned by Ioan Paul Rafail and Ioannis Dragatakis.

On the plot of land, the construction of an office building with 4 basements and seven floors, with an area of 13,700 sqm, has been designed and authorized for several years. The authorization was extended and is still valid.

IDS is also developing a large residential complex in Pipera, called Victoria Homes, between the Bucharest ring road and the Oxford Gardens complex. The Belgians plan to build 20 four-story blocks of flats on a 4.5-hectare plot of land with 899 apartments, plus 273 underground and 847 above-ground parking spaces. The first 6 blocks of the first phase of the development were handed over in 2023, and work is now underway on the second phase.

Source: Profit.ro