Monarc Development announces the acquisition of the management and sales operations for a major urban project in Sector 1 in Bucharest, valued at 27.5 million euros. The project is now being repositioned under the new identity Monarc Grivița 166.

Monarc Grivița 166 features 87 modern units, configured as 2- and 3-bedroom apartments, with premium interior fit-outs created by Noam Mobili Design, the interior design and furnishing division of Monarc Group.

Sales for Monarc Grivița 166 are now officially open, and all transactions are exclusively represented by ANG | Forbes Global Properties, the premium real estate representation division of Monarc Group, and the official Romanian affiliate of the international Forbes Global Properties network.

“With over 15 years of experience in premium real estate, we’ve learned to anticipate and define apartment typologies that respond to diverse needs and lifestyles. Monarc Grivița 166 is an example of how expertise and vision can transform a residential building into a coherent and valuable investment product. We aim to create a project relevant for both local and international investors, one that blends yield with aesthetic refinement. For us, every project must meet not only financial criteria, but also a clear vision for safety, visual identity, and an authentic living experience,” – Alexandru Manea, CEO & Founder Monarc Development.

The building spans a total surface of 13,857 sqm, across a ground floor and eight upper levels, and includes four underground levels with 104 parking spaces.