Impressive TR

In land and office development

Track record

Element Development has worked with numerous retailers, helping them to extend their network in Romania. The company was involved in complex real estate schemes from land acquisition, to concept development, permitting, leasing and final exit to retail park operators.

We have gathered an impressive track record in retail land development: 27 retail units opened in Bucharest and 15 major cities in Romania, new openings following in the next two years.

Element Development has 10 years expertise in developing successful office projects within Bucharest. The first completed building was HQ Victoriei, a Class A business center built in the Central Business District, near Victoriei Sq and the Government HQ. 100% leased, the property was sold in 2012 to an international investment fund.

Our founder, Ionut Dumitrescu is one of the shareholders in Forte Partners, developing a new business hub in Bucharest, near Basarab overpass where The Bridge is opening a new corporate, office location.

Our expertise is both in small, boutique projects, centrally located as well as in large business parks, working close with multinational companies, understanding their needs and delivering state of the art properties that perfectly suit their corporate requirements.


total value of the developed projects


developed buildings


transformed land