The Edelstein Group, a real estate developer, announced the launch of the Diamond real estate project in Cluj-Napoca. Strategically located in an area that promises to become a hub of interest, the complex will offer 69 premium apartments, alongside a varied mix of functional spaces. The developer estimates the completion of the first phase of the project in the first half of 2026. The launch of the Diamond concept on the market represents yet another strategic step for the Edelstein Group, which aims to continue with this new project the success recorded at Herculane 1 located in the Gheorghieni district of Cluj-Napoca, a recently completed project that reconfirmed its position as a real estate developer reliable and the potential in the segment of premium buildings. The new project is aligned with the needs of a mature community, concerned with the quality of investment and the durability of buildings over time. With a total investment of over 60 million euros, carried out in 3 stages, the Diamond real estate concept intends to create a balance between tradition and contemporaneity, based on attention to detail, as well as the rigorous selection of sustainable and innovative materials. The complex offers 69 premium apartments and 492 parking spaces, along with a varied mix of functional spaces, including a supermarket, small shops, a restaurant, hotel, office spaces, medical service center, convenience stores, sports facilities, as well as spaces for creative industries and a kindergarten. The architectural concept of the complex is defined by several harmoniously arranged building bodies, with a 10-story urban accent that, once implemented, has the potential to become an architectural symbol of the area. The silhouette of the complex will be composed of an omnipresent volume of graphite, geometrized at the base and polished on the upper floors with both reflective and transparent faces, reminiscent of a diamond. The initial phase of the project will include adjacent residential and commercial properties, each with a distinct and complementary design. The second phase will add the buildings of the related services and the kindergarten, with a dedicated green space of 1500 sqm, and the final phase will include the implementation of the diamond-shaped body, thus strengthening the urban impact of the whole complex.
London’s New Bond Street has been crowned the world’s priciest retail destination for the first time, while Bucharest’s Calea Victoriei is in 39th place globally, according to Cushman & Wakefield’s latest Main Streets Across the World report. Rents in Calea Victoriei recorded the 3rd highest growth among the 50 analysed markets worldwide. Calea Victoriei, the […]
The European Commission announced earlier this week that it has selected four electrification projects developed by Romanian companies to receive funding of EUR 29.33 million from the Connecting Europe Facility fund. The CEF funding round involves a total of over EUR 600 million in EU grants, which will support...
Romania has won the international competition for a judge position at the UN Dispute Tribunal (or UNDT), with judge Adina Elvira-Ghiţă set to take over a seven-year term, according to the Ministry of Foreign Affairs (MAE). Romania secured 109 votes in the UN General Assembly during the international competition for filling a judge position at […]
The Defense Ministry said early Wednesday, November 19, that its Air Force detected a drone entering national airspace overnight, prompting the scramble of German and Romanian fighter jets amid ongoing Russian attacks near Romania’s border with Ukraine. Two German Eurofighter Typhoon jets stationed at the Mihail Kogălniceanu Air Base took off at 00:25 on November […]
The government will radically amend the legislation on foreign labour and repeal the current law, said Ciprian Văcaru, state secretary at the Ministry of Labour, Family, Youth and Social Solidarity (MMFTSS), as reported by Economedia.ro...
The Romanian government is preparing an emergency ordinance to ban salary-pension cumulation in the public sector, according to the document consulted by Economedia.ro. The draft ordinance includes other measures to reduce spending in public administration, such as suspending secondments and transfers. The...
