CFG Prime United Properties SRL, a Romanian property investment company, has completed the acquisition of two underground parking spaces in North Bucharest for €100,000 plus VAT, despite the assets being valued at only €40,000 in total. The purchase represents a significant premium over the assessed value and reflects the company’s rapid expansion in the real estate sector.
The transaction occurred following an auction held on 25 September 2025, with the sale finalized in October 2025. The parking spaces, each measuring 15 square metres, were purchased from Nordis Management, which is currently in insolvency proceedings. The deal underscores the competitive nature of property acquisitions in Romania’s capital, where strategic positioning and immediate availability can command substantial markups.
Rapid Asset Growth and Operational Expansion
CFG Prime United Properties has experienced remarkable asset growth over recent years. Financial records reveal that the company’s total assets expanded from €250,000 in 2023 to over €10.7 million in 2025, representing a more than 4,200 percent increase in less than two years. This expansion trajectory suggests an aggressive investment and acquisition strategy despite the company’s relatively modest operational footprint.
The company reported €133,000 in revenue and €89,000 in net profit during 2025, operating with a lean team of only two employees. This indicates a business model focused on property acquisition and asset management rather than service delivery or operational scaling. The significant discrepancy between asset value and operational revenue suggests the company’s primary value derives from real estate holdings and portfolio appreciation rather than ongoing commercial activities.
Controlled by Cheianu Family
CFG Prime United Properties was founded in 2021 and is controlled by Francesco-Gabriel Cheianu and Maria-Alexandra Cheianu. The company operates in the proptech and real estate investment sectors and is classified as being in the growth stage of development. The Bucharest-based operation has positioned itself as an active participant in the Romanian capital’s property market, particularly targeting distressed asset sales and undervalued real estate opportunities.
The acquisition of parking spaces from an insolvent entity demonstrates the company’s willingness to capitalize on opportunities presented by financial distress in the market. Such transactions can provide entry points to assets at potentially advantageous prices, though in this case the premium paid suggests either strategic long-term value assumptions or competitive bidding dynamics.
Broader European Context
The growth of property-focused startups across Central and Eastern Europe reflects broader trends in the European proptech sector, where investment companies are increasingly active in acquiring real estate assets and building diversified portfolios. Romanian startups in particular have gained attention for their nimble approaches to real estate investment, capitalizing on the country’s developing market dynamics and evolving legal frameworks governing property transactions and asset management.