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December 7, 2022
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SVN Romania: Bog’Art completes Art City, 90% of the apartments are already sold

Bog’Art is in the process of completing the 19,500 square meters residential project Art City, with a market value of over EUR 20 million. The delivery of the units will be carried out in the following two months.

Art City is a luxury residential project, located in northern Bucharest, and is part of Petrom City’s urban regeneration masterplan. The project reunites 141 apartments, 500 square meters of commercial spaces of 180 parking lots. The project’s facilities include a playground and a panoramic terrace on the top floor, as well as a unique large-scale art component in the common areas and individual art works which will periodically exhibit in the building’s own gallery located on the ground floor.

Art City will thus become a residential landmark in the Petrom City area, emphasizing sustainability through urban regeneration, construction quality and bold architecture and design. Until now, 90% of the apartments part of Art City have already been sold.

The project was designed and build by Bog’Art according to the highest technical standards, registering the maximum sustainability classification BREEAM Excellent, which attests the achievement of high levels of energy performance and the implementation of solutions that increase the quality of living and the overall sustainability of the projects.

Specifically, Art City has a series of top technical features: smart home systems connected to underfloor heating, exceptional finishes such as Porcelanosa ceramics and Laufen sanitary ware and customized aluminium carpentry. Moreover, Art City is among the few residential projects in Romania with an innovative concept resulted through art association: the lobby will have its own art gallery that will periodically exhibit renowned local and international artists, and the common areas, including the elevators, will also host works of art.

„Art City was created following a unique recipe: Bog’Art skills achieved in 30 years of construction experience, to which we added passion in the creation process, being involved in the smallest aesthetic and functional details. We valued the durability of the construction over time and at the same time we wanted the living space to be able to inspire through architecture, art and the vibrant community of over 200 residents which will soon move to Art City”, stated Bogdan Doicescu, Development Director Bog’Art.

Art City is the first medium-large scale project in the Petrom City area, with a high potential for development considering planned investments in the immediate vicinity, large-scale developments that can shape a new generation neighbourhood in Bucharest, taking into account the large plots of land located near the most important interest points in the north part of the city. The area also benefits from a series of advantages regarding the excellent existing infrastructure, with four lane roads which ensures a fluid circulation, adequately sized building networks and a coherent arrangement of public spaces.

”Carefully designed projects, with thorough business plans and appropriate sells strategies register exceptional results, and Art City is such an example appreciated by the market, with 90% oh the residential units sold shortly before the delivery of the projects. The middl-upper market segment still presents numerous opportunities, and we will see new investments in this segment in the near future”, stated Viorel Mohorea, Condominium Sales Manager SVN Romania, the real estate consultant and exclusive agent of Art City.

Bog’Art Is one of the largest and most renowned construction companies, integrated to cover the entire range of management services, project and design management, concrete steel and carpentry production, real estate investments and building management.

The company’s vast portfolio includ some of the most representative buildings in Bucharest, such as City Gate, Charles de Gaulle, Tower Center, Globalworth Tower and Globalworth Campus, The Bridge, U-Center, Timpuri Noi Square, Expo Business Park, J8 Office Park, Baneasa Shopping City, USA embassy, and also Hilton Athenee Palace Baneasa Airport renovation works, among many others.

SVN Romania is one of the most important real estate consultants active on the Romanian market and the leader of the residential segment. The company also operates three regional offices, in Brasov, Cluj – Napoca and Covasna, and is the consultant and exclusive agent of over 20 residential projects located in Bucharest and in the country. SVN International Corp has over 200 offices in eight countries and regions, with over 2,000 consultants and staff.

 

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