2025-08-07
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Crosspoint Real Estate, the International Associate of Savills in Romania and the exclusive advisor for NEPI Rockcastle in the sales process, announces the complete sale of all 254 apartments in Vulcan Residence. This marks the full commercialization of the group’s first residential development, located in Bucharest’s 13 Septembrie area, near Vulcan Value Center. “Vulcan Residence has been fully sold, marking a remarkable success given the challenging economic and social context of recent years,” said Oana Popescu, Partner and Head of Residential at Crosspoint Real Estate, a company celebrating two decades of activity in 2025. “The project’s strong performance, despite a period shaped by the pandemic, regional geopolitical conflicts and significant tax changes, including adjustments to VAT on housing, was made possible by NEPI Rockcastle’s innovative approach and exceptional project quality, as well as the professionalism, expertise, and consistent involvement of the Crosspoint team”, added Oana Popescu. Vulcan Residence’s community consists of 95% end-users who purchased apartments for personal use, while the remaining 5% acquired units as investments. The average buyer is 35 years old and includes corporate professionals, doctors, lawyers, business owners and students, with a notable proportion being young families with children. “Vulcan Residence, our first residential project, represents a milestone for NEPI Rockcastle. We are pleased to have delivered a development that was completed on time and 100% sold, meeting the highest sustainability standards. Its strategic location, offering quick access to transport infrastructure, services, and urban amenities, reflects our commitment to building well-integrated, sustainable communities. We thank our partners at Crosspoint, whose pivotal role in the sales process was rooted in their quick grasp of what makes us different and their ability to turn that advantage into a flawless sales strategy. This success boosts our confidence as we move forward with future residential developments in Bucharest, Brașov and Craiova, near our commercial centers”, said Iulian Rusu, Head of Residential at NEPI Rockcastle.