RRG Real Estate Group Launches First Phase of Lakeside11 Residential Project in Bucharest

Real estate developer RRG Real Estate Group (RRG) has commenced the first phase of its ambitious Lakeside11 residential project in the Străulești area of Bucharest, with an estimated total investment of EUR 60 million. The completion of the entire project is expected by the end of 2026.

The initial phase, representing a EUR 20 million investment, will feature the construction of three residential blocks comprising 105 apartments. Consstar Construct has been selected as the general contractor for this phase of the project.

“The Străulești area has become one of the most dynamic in the northern part of Bucharest, appealing to those who value a high quality of life and are looking for long-term investment opportunities,” said Maxim Iakovlev, a representative of the Iakovlev family, owners of RRG Real Estate Group.

RRG has been a key player in the Romanian real estate market for two decades, with a portfolio that includes the successful completion of the Park Avenue 96 and Lighthouse Residence projects, which together delivered over 100 apartments.