Cordia Residence Nightingale Park Bucharest

Cordia Residence Nightingale Park, Bucharest

Cordia Residence Nightingale Park Bucharest CASE STUDIES

The Challenge

Cordia Residence is a residential project located in the Northern area of Bucharest, in Baneasa, with a total of 119 apartments.

In 2013, we were instructed by Alpha Bank Real Estate to support them in the management  process of the project, the sale of the apartments and also in the administrative and financial aspects.

The Solution

During our mandate, we succeeded in selling 10 apartments totaling more than 1.600.000  Euro + VAT per apartment.

Our support included invoicing process, track regarding all capital and operational expenses, preparing and managing the budget .

The administrative process included contract management (all Cordia’s contracts were in our custody), to assure cleaning services for all apartments remained to be sold, assuring general supplies for Cordia’s office and representation before Nightingale Park Property Association. Also, during the collaboration, we successfully assisted Cordia Residence in legal problems.

The Results

The key to this collaboration was ambition and perseverance, things that are sustained by our achievements despite all challenges that occurred during this time. With 8 apartments sold in 2014 and 2 sold in 2015, Cordia Residence came closer to their target of full occupancy rate. Cordia Residence’s associates decided that, even if internal measures brought this collaboration to an end, they will remain in close contact with us for any other future opportunities that might arise.