Bucharest, April 17, 2024 - River Development, one of the local real estate developers, has a new Managing Partner since January 2024, in the person of Oana Rădulea. Oana thus takes over the executive management of the company, from the former Executive Director, Liviu Birău.
Oana Rădulea has over 21 years of experience in the local and international real estate development industry. Before joining the River Development group of companies, Oana held for 7 years, the position of Leasing & Business Development Director at White Star Real Estate, a real estate developer active in Central and Eastern Europe.
In the previously held positions, including within Sema Parc, as Director of Development and Strategy, and at other players in the field, such as the british company European Future Group, Oana coordinated activities by defining business objectives and business directions development of the company, as well as supervising the fund’s and group’s largest acquisitions and disposals.
"My active contribution in the companies’ group development managed by River Development began 14 years ago, while my efforts has been mainly focused on the planning and implementation of strategies for property leasing, management and development of the portfolio of buildings in Sema Parc. Consolidating the leading position on the local real estate development market, with multiple roles such as: real estate investor and developer of mixed-use projects, asset, property & facility manager, represents the main goal in the company's long-term development process. The amplitude of the development and the impact on the central-western area of Bucharest, together with the high level of specialization in both real estate development and Property & Asset Management activities, continue to represent the strengths of the company." declared Oana Rădulea, Managing Partner River Development..
About River Development
River Development is a real estate investor and developer with Romanian capital, with over 20 years of activity on the local market, supported by a team of professionals with extensive experience in planning, developing and managing large-scale real estate projects. River Development is developing two of the capital's major urban reconversion projects: Sema Parc - located on Splaiul Independentei - approx. 1,000,000 sqm GBA and The Light - located on Iuliu Maniu Boulevard, approx. 150,000 sqm GBA. Both are located in the central-western area of the capital and are in different stages of development.
River Development has in its portfolio over 150,000 square meters (GLA) of office spaces and has delivered over 55,000 square meters of new class A buildings in the last four years, within the Sema Parc and The Light, through the three class A buildings – The Light One, London and Oslo. All projects recently developed are certified according to the BREEAM and DAKRA standards for green buildings, with the Excellent rating.
The company reported a 18 mil. EUR turnover last year and it holds current investments worth more than 150 mil. EUR.
