Prime Kapital has received the building permit for Pleiades Residence in Ploiesti and will start construction by end of spring.

Pleiades Residence is the residential component consisting of 498 apartments and over 400 parking spaces in the multi-level exterior parking and is part of a larger urban regeneration project developed by Prime Kapital on the former “Uzina 1 Mai” platform and will have direct access to the recently completed Prahova Value Centre.

The centre, which was opened in December 2021, will further expand with an open-air food market and leisure offer including restaurants and cafes that will have direct openings and access to the large green areas that will be developed as part of Pleiades Residence landscape project.

“We are incredibly excited to start construction for Pleiades Residence after having received the building permit for Phase 1 of the project. We remain committed to providing high-quality housing at a reasonable cost. We are confident that with Pleiades Residence we will bring a new level of housing quality in Ploiești and we want to thank all those who have already placed trust in our project,” said Maggie Kitshoff, Residential Partner Prime Kapital.

The residential complex will offer 17 different varieties of units, from double studios to 2, 3, and 4-room apartments, as well as duplexes and penthouses. The completion date of the first phase is estimated to be by December 2023 with an overall project investment at a cost of over 30 million euros.

Pleiades Residence has been developed to the highest standards of sustainability and energy efficiency nZEB (nearly Zero-Energy Building).