Name

Hagag Development Europe

Legal name

HAGAG Development Europe

Website

https://www.hagageurope.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Residential Building Construction (2361), New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Commercial and Institutional Building Construction (236220), Real Estate Property Managers (53131), Rental and Leasing Services (532)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Operators (No Developers) & Lessors (6510), Operators Of Nonresidential Buildings (6512), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

• Real estate development
• Residential property sales
• Commercial property leasing
• Urban regeneration
• Class A office space

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Commercial Property Leasing: Recurring rental income from leasing office and retail spaces in Class A buildings across Bucharest. Properties include H Herastrau Park, H Victoriei 109, H Tudor Arghezi 21, and retail components in mixed-use developments. Rental prices range from 16-30 EUR/sqm + VAT with additional service charges.
2. Residential Property Sales: Sale of premium and upper-premium residential units across multiple projects including H Eliade 9 (35 units), H Victoriei 139 (33 units), H Pipera Lake (1,400+ apartments), and H East Residence (568 apartments). Targets middle market to ultra-high-end segments.
3. Energy Sector Operations: Development and operation of energy infrastructure projects in Romania, contributing to the company's diversified revenue base alongside real estate operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Hagag Development Europe invests in and develops premium residential, office, commercial, and hospitality real estate projects in Bucharest, Romania, combined with energy infrastructure development. The company sells residential apartments across middle-market to ultra-high-end segments and leases Class A office and retail spaces to commercial tenants, while also operating an Energy division that develops energy infrastructure projects. All residential developments are nZEB-compliant and feature smart home technology, concierge services, and integrated property management.

Product overview

Hagag Development Europe is a privately owned international real estate and energy group listed on the Tel Aviv Stock Exchange. The company operates through two main divisions: Real Estate (developing residential, office, retail, and hospitality properties) and Energy (developing energy infrastructure). The Real Estate portfolio includes branded product lines: H Residential developments (H Pipera Lake, H East Residence, H Eliade 9, H Primăverii 1, H Victoriei 139), H Office properties (H Herăstrău Park, H Tudor Arghezi 21, H Victoriei 109), H Retail spaces (H Lake Plaza, H Știrbei Palace featuring Toff Galleries), H Hotels (Radisson RED Bucharest Old Town, H SUSAI), and H Private business centers for serviced offices. All residential developments comply with nZEB standards and offer smart energy management, 24/7 concierge, and security services.

Differentiator

Problem solved

Functional benefit

Brands

• H Private: Dedicated division for private and serviced offices offering fully equipped, ready-to-use workspaces for entrepreneurs, start-ups, and multinational companies.
• H [Property Name] Portfolio

Products and services

• H Herăstrău Park Mixed-use Class A development in northern Bucharest with 5,823 sqm of leasable office space and 1,008 sqm of retail area, targeting premium tenants near King Mihai I Park.
• H Știrbei Palace Historic landmark property on Calea Victoriei, home to Toff Galleries (Romania's first luxury department store), featuring approximately 4,000 sqm of premium retail space.
• H Pipera Lake Large-scale modern residential master-planned community in north Bucharest with over 1,400 apartments developed in three phases, complemented by concierge and property management services.
• H East Residence Modern residential community in east Bucharest with 7 buildings, 568 apartments, 5,000 sqm of retail space, green areas, and 824 parking spaces.
• H Tudor Arghezi 21 Modern Class A office building in central Bucharest, completed 2022 through renovation of a 1966 heritage structure, delivering approximately 7,400 sqm of energy-efficient office space.
• H Victoriei 109 Heritage office building on Calea Victoriei with over 80 years of history, featuring elegant architecture and ground-floor retail spaces, leased at approximately 25 EUR/sqm + VAT.
• H Eliade 9 Iconic ultra-premium residential project in the Primaverii district with 35 apartments featuring smart home technology, private English-style gardens, and a spectacular atrium designed to recreate a 7-star hotel experience.
• H Primăverii 1 Upper-premium residential development at Primăverii Boulevard with 18 ultra-high-end apartments and ground-floor retail spaces.
• H Victoriei 139 Premium boutique residential building on Calea Victoriei, originally built in 1940 with Art Deco influences, fully restored and modernized to deliver 33 premium apartments.
• H Lake Plaza First retail component of H Pipera Lake development in north Bucharest, offering commercial spaces for supermarkets, services, and retail concepts at 18-20 EUR/sqm + VAT.
• H Private Serviced Offices Serviced private office brand offering fully equipped, ready-to-use workspaces targeting entrepreneurs, startups, and multinational companies, with the first business center (H Private Arghezi) inaugurated in 2023.
• Radisson RED Bucharest Old Town Hotel property located in Bucharest's Old Town area, part of the company's hospitality portfolio.
• H SUSAI Hotel property in the company's hospitality portfolio.
• Energy Infrastructure Development Development and operation of energy infrastructure projects in Romania that support local communities and economies, contributing recurring revenue alongside the real estate portfolio.

Quantifiable outcome

• Projects recognized both locally and internationally for quality execution, distinctive architecture, and functional spaces
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and supporting.

• Niro Investment GroupcoreStrategic or Co-development PartnerCo-owner and development partner for H Herastrau Park mixed-use project in northern Bucharest. Niro Investment Group collaborates with Hagag Development Europe on this commercial real estate development featuring 5,823 sqm of leasable office space and 1,008 sqm of retail area.
• BTDConstruct & AmbientcoreImplementation/ SI/ Consulting PartnerGeneral contractor for H East Residence residential development in eastern Bucharest. Responsible for construction of 7 buildings comprising 568 apartments with 5,000 sqm of retail space and 824 parking spaces.
• Cooperativa de ArhitecturăcoreTechnology or IntegrationArchitectural firm responsible for historic palace renovation of H Stirbei Palace. Transformed the 1835 neoclassical landmark on Calea Victoriei into Romania's first luxury department store (Toff Galleries) with approximately 4,000 sqm of premium retail space.
• Vitalis ConsultingsupportingImplementation/ SI/ Consulting PartnerProject manager for H Stirbei Palace restoration and conversion project, overseeing the transformation of the historic monument into a luxury retail destination.
• Razvan Barsan + PartnerscoreTechnology or IntegrationArchitect for H Tudor Arghezi 21 office project, responsible for renovation and repurposing of 1966 historic building into modern 7,400 sqm office development delivered in 2022.
• AXA Trans ConstructcoreImplementation/ SI/ Consulting PartnerGeneral contractor for H Tudor Arghezi 21 office project, completing renovation and modernization of the historic building with approximately 6,800 sqm of modern office space.
• Euroconstruct InternationalcoreImplementation/ SI/ Consulting PartnerGeneral contractor for H Victoriei 139 premium residential building on Calea Victoriei. Building originally constructed in 1940 by architect Arghir Culina, fully restored and modernized by Hagag Development Europe with 33 premium apartments.
• KXL StudiocoreTechnology or IntegrationArchitectural studio for H Eliade 9 residential project in Primaverii district. Designed 35 ultra-high-end apartments with smart home technology, private English-style gardens, and spectacular atrium, recreating a 7-star hotel experience.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key highlights6 records

Customer concentration

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Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hagag Development Europe