Today, Prime Kapital unveils Silk District, the Company’s first, extensive, mixed-use development in Romania. Moldova’s largest real estate investment, it will revolutionize the region’s residential and office markets.
• Silk District is a unique development, the benchmark for future investments in Iasi, Moldova and Romania;
• Silk District provides a vision of a sustainable, future, free from urban sprawl;
• Silk District supports future business expansion, growing with its tenants;
• A sustainable development, Silk District is certified by the Building Research Establishment Environmental Assessment Method (BREEAM);
• Public parks, public transport, cycling, walking and electric cars are integrated in Silk District, whilst also joining seamlessly with the city’s infrastructure;
Built on a ten-hectare, former industrial site, Silk District, will create a new hub, alleviating pressure on Iasi’s center.
Silk District comprises 100,000m2 Class-A offices and 2,500 high quality apartments at competitive prices. It also includes retail, large parks and leisure facilities, a medical clinic and a four-star hotel with conference facilities, gym and pool.
The complex will host summer markets, mini-festivals, alfresco films and other entertainment, enabling patrons achieve the perfect work-life balance.
Silk District is a modern neighborhood, designed for young people with healthy lifestyles. From its inception, the development was envisaged as not only pedestrian friendly, but also car-free, hence the easily accessible, extensive underground parking.
The real estate industry must abandon environmentally wasteful practices as a matter of urgency, which is why Prime Kapital is pioneering the development of sustainable, cutting-edge neighborhood concepts in Romania. A commitment perfectly illustrated, by the fact that the entire complex will hold BREEAM certification: the internationally recognized, standard for sustainable design and environmental performance.
“Silk District is an important project, designed so that the community can grow organically, providing new opportunities and creating space to enjoy life. The Silk District will be self-sufficient and expand according to Iasi’s sustainable targets,” said Maggie Kitshoff, Managing Director Residential and Office, Prime Kapital.
“Silk District is Prime Kapital’s second, large-scale investment in Iasi. The first, Mall Moldova, the 100,000m2 GLA (Gross Leasable Area) super, regional retail hub is currently being redeveloped. The city has a solid economy, and we are working with local authorities to help Iasii achieve its full potential, improving inhabitant’s quality of life, as well as retaining and attracting young talent,” said Mihail Vasilescu, Partner, Prime Kapital.
Prime Kapital is a vertically-integrated, leading developer, investor and real estate agent active in central and eastern Europe (CEE), with a broad presence in the Romanian market. The Company employs over 200 multi-disciplinary specialists, experts in the acquisition, design and construction of projects, as well as the rental, sale and management of properties. For more details, please visit: www.primekapital.com.