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Romania: Monarc Development has acquired a €27.5 million project in Grivița with plans to reposition the site as serviced residence concept.
The project, now known as Monarc Grivița 166, will feature 89 units across two and three-bedroom configurations. Interior fit-out will be led by Noam Mobili Design, the interior and furnishing division of Monarc Group.
The building spans a total area of 13,857 square metres, set across a ground floor and eight upper levels, including four underground levels with 104 parking spaces.
Sales for Monarc Grivița 166 are now officially open with all transactions exclusively represented by ANG | Forbes Global Properties – the real estate representation division of Monarc Group and the Romanian affiliate of the international Forbes Global Properties network.
Alexandru Manea, CEO and founder of Monarc Development, said: “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.”
Nicoleta Manea, COO and creative director, Monarc Development, added: “Monarc Grivița 166 was conceived as a fluid, adaptable space, ideal for both urban residents and investors seeking a property ready for premium rental. The interior fit-outs, materials, and the experience we designed transform each apartment into a space with identity and functionality. It is essential for any urban project to respond to modern lifestyles and offer a living standard aligned with international trend.”
Monarc Development is part of Monarc Group which manages a portfolio of companies including ANG | Forbes Global Properties România, Noam Mobili Design, Nestelli Diamonds, and the communications agency Thrivo.
Highlights:
- Monarc Development acquires a €27.5 million site in Romania; plans to launch serviced residence project Monarc Grivița 166.
- The project will feature 89 units with two- and three-bedroom configurations and a total area of 13,857 square metres over eight floors plus four underground levels with 104 parking spaces.
- Interior design and fit-out will be led by Noam Mobili Design, Monarc Group’s interior and furnishing division.
- Sales are open, exclusively represented by ANG | Forbes Global Properties, targeting local and international investors.
