The Spanish group Hercesa wants to expand its real estate portfolio in the industrial and residential sectors in localities around Bucharest, after 20 years of focusing only on the development of apartments in the Capital. “We are actively looking to expand the portfolio, both in the collective housing sector and in the individual housing sector, in the area surrounding Bucharest, which represented a refuge for clients, during the pandemic, and for developers, during the slightly more problematic authorization periods, and where there is still a lot of potential and even in the industrial sector. We want to replicate in Romania all the attributes of our business in Spain. For the immediate future, we will limit ourselves to Bucharest and its surroundings, but we do not exclude, as a medium or long-term planning, to go out to other cities. There are many cities with potential, such as Iași, Brașov, Timișoara and Cluj,” said Romeo Ghica, Hercesa Romania Operations Manager. The Spaniards from Hercesa entered Romania in 2004 by acquiring the current Cișmigiu hotel building in the center of Bucharest and continued with the development of the Vivenda Residencias complex, which has reached 1,000 apartments delivered. The investor has also started the last phase of development of Vivenda, which will include a first block with 400 apartments. In parallel with this project, Hercesa is developing the first three buildings of the Stellaris Residencias complex, in partnership with Bluehouse, near the Steaua stadium. Source: Profit.ro