Several media publications in Romania have recently analyzed the Lakeside11 project.
In an extensive interview given to the business press, Pavel Kodzik, President of RRG Real Estate Group, speaks about the vision behind the development and the elements that differentiate the project in the northern Bucharest market.
Below, we present an excerpt from the interview:
What Is Not Seen Behind a Real Estate Project
The Lakeside11 project was recently featured in Romania’s business press.
In an extensive interview, Pavel Kodzik, President of RRG Real Estate Group, speaks about the vision behind the development and the elements that differentiate the project in the northern Bucharest market.
A Vision Built Over Time
The history of Lakeside11 begins in 2007, with the acquisition of the first land plot.
The process of land consolidation, urban planning, and permitting took place over several years, while construction works for the first phase began in 2024.
According to Kodzik, this was not a delay, but a strategy: the project was conceived as a coherent ensemble, not as a one-off development.
Financial Discipline as a Differentiator
An essential element, though invisible to the public, is financial discipline.
The developer’s own capital, bank financing, and funds raised through its proprietary solution #InvestWithRRG are directed directly into the project, under strict control of costs and execution stages.
In 2024, the company increased its share capital to €10 million — a clear signal of stability and responsibility.
Why It Cannot Be Replicated
According to the President of RRG, replicating a similar project under the same conditions is unlikely.
Acquiring comparable land today would involve significantly higher costs and a preparation period of at least 5–7 years before construction could begin.
The project’s value is supported by a rare combination: proximity to Lake Străulești, direct access to the metro, and a unified urban development.
Outlook
Lakeside11 is planned in four phases, through 2030, and is designed as a business-class project, with apartments more spacious than the market average and reduced construction density.
Kodzik emphasizes that long-term success is not determined solely by positioning, but by consistency in decision-making, risk management, and safety — an area in which the company makes no compromises.
📎 The full interview can be accessed below, in the publications that featured Lakeside11.
