UPGROUND
RESIDENTIAL

Upground was one of the first real estate developers on the market and has finalized some of the most impressive office and residential buildings in Romania. Three of these are considered the architectural and building construction milestones of the past two decades: BOB Tower, BOC Tower, and Upground Residential.

Upground’s aim was to build a residential complex which could differentiate itself from other residential projects by several unique points, such as: solid construction, solid financial investment, excellent residential area, and a new living concept. Upground knew that to get the project done right, it needed to collaborate with a company experienced in construction and civil engineering, and whose engineers and workers were the best available on the market. As a result, a deal was closed with Global Vision, a company with whom Upground already had a successful working experience. The signed contract was valued at €3,000,000 and covered the implementation of installations & intelligent building technology systems.

Upground Residential is split into two of the city’s most luxurious condominium towers, delivering incomparable space, service and luxury. They comprise 600 apartment units, with 7,000 sqm dedicated to commercial and leisure facilities, a 3,000 sqm fitness center, school, kindergarten, medical facilities and so on. Each residential unit rises 17 stories high and provides two underground parking levels. Additionally, a stylish hotel-like lobby with concierge services ensures both tenants and guests are taken care of.

Upground Residential has an area of 130,000 sqm and construction was finished in early spring 2011. The property was almost entirely sold out well in advance of completion, as buyers realized that owning one of these extraordinary condominiums represents the quintessential lavish European lifestyle. The investment value totaled €100,000,000 and was realized in 18 months.

In July 2011, Global Vision signed a 5-year contract with the Upground Residential owner, based on which the company delivers the full range of property management solutions, from technical maintenance to sales & marketing.