MAGHERU
RESIDENCE

Bucharest was once nicknamed “Little Paris.” Its fame was the result of cultural effervescence, an exuberant lifestyle and  beautiful urban architecture. At the time, the edifices represented outstanding homes, expressing the refined mindset of a cultural and social elite.

Bucharest continues to harbor evidence of Parisian architecture and landscaping, however, the majority consists of battered and forsaken buildings, which pedestrians pass by without a second thought.

Global Vision saw the Parisian beauty in an old downtown building and chose to renovate it, while keeping to the initial architectural design in order to preserve the aura of “Little Paris.” Magheru Residence was erected in the 19th century on 450 sqm of land, it stood 7 stories tall and overlooked I.C.Bratianu Boulevard, close to Universitate and Romana squares.

Global Vision has already started renovating the building. Its clear objective is to deliver a turn-key project with mixed uses: commercial, office and residential.

Global Vision’s involvement comprises land development (market research, building selection, feasibility studies, property acquisition), construction & civil engineering (project design and building, consolidation works, installations, Intelligent Building Technology Systems, interior architecture), as well as property management (technical management and security & access control management). Since it is an important and sentimental project, the company also assumed the role of construction project manager.

The 3,000 sqm building’s renovation requires an estimated 18-month execution period and a €6,000,000 investment. It is to be finalized in the near future.