Hercesa Romania obtains the occupancy permit for the first building in Stellaris Residencias

Hercesa Romania announces that the occupancy permit for the first building in Phase 1 of the Stellaris Residencias project, developed near Steaua Stadium in Bucharest, has recently been obtained, a year and a half after the start of construction works.

"Obtaining the occupancy permit for the first building of Stellaris Residencias marks an important milestone for Hercesa's activities in Romania in 2024, the year we celebrate two decades of presence in the local market," said Alejandro Solano, General Manager of Hercesa Internacional. "Our project near Steaua Stadium is designed for long-term development, in stages, an approach that characterizes us and demonstrates our firm commitment to Romania, which is the second-largest market in terms of development volume within Hercesa's international residential portfolio," added Alejandro Solano.

The first residential building in Stellaris Residencias comprises 129 apartments, 95% of which are already sold. In April 2024, two months earlier than initially scheduled, Hercesa started construction on the second stage of Phase 1 of the project, which will include 125 homes.

"The success of the first stage among buyers was due to both the project's features and facilities, as well as the excellent progress made on road and public transport infrastructure in the area—a great example of a successful partnership between the private sector and local authorities. This experience motivated us to begin construction on the second building in Stellaris ahead of schedule. We are progressing according to plan; the structural frame is 30% complete, and the sales level has reached 40%," explained Romeo Ghica, Operations Manager at Hercesa Romania.